Long

OMG - Time for a breakout? Getting Close

Updated

I've seen numerous coins consolidating similarly, and though I thought PAY would be the first to break out, OMG appears to be leading. Fake breakouts happen all the time, so I am looking for the RSI to break 72, and OMG to break the former resistance line. Being it was in a bearish trend we will most likely see it bounce back from the resistance line and back off the consolidation channel. If it breaks through the consolidation channel and the RSI does not go above 72, we will move our channel up.

Thanks for reading and good luck trading.

Trade active

Signal triggered, I have bought at .002435, I want to emphasize I am trading with real money and trading around a core position of 323 shares, so I am buying 30 shares or 10% increments of my core position. I started with 300 and I am adding the profits of my trades to the core.

Trade active

First target hit by the skin of our teeth!! I mean to get the shadow filled on a bar is just great and a little lucky too.

Note

5th wave leg up confirmed! letter go baby!

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If you were watching and following you could have bought the bounce. I would not by at this level as buyers are exhausting, await a pullback using your fibb to target levels and buy the next breakout.

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Just completed the first 5 waves and we should get a small correction to complete the mini cycle, this in my opinion is wave 1 in a larger cycle. DO YOUR HOMEWORK AND USE YOUR GRAPHS WISELY!

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I want to add the 1st cycle could have completed and corrected (the long arc) and we have entered a 2nd cycle in the impulse wave 2. This is where you have to determine where you are, but I think there is a high probability we are going up from here, just not as fast as the first cycle.

goldbug1

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