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OMGBTC

OMG! SEEKING A GOOD ENTRY POINT?So we can see we have found trendline support currently, but will it hold? Here is something interesting, if I take a fib extension, and pull from W-X-Y, you can see that we've hit the 100% fib level, and found firm resistance at the 0.786! So we can see the Algos are at work. Currently as far as I can see, we've double topped and are now retracing, and at this point in time, I'm seeing this as an extended correction, HOWEVER...we still have 2 possible BULL scenarios on the table! BULL SCENARIO = We can still count this as a wave 1 up, and now we are coming down for our wave 2. This possibility is always on the table until we retrace past the origin of wave 1. INVERSE HEAD AND SHOULDERS SCENARIO = If we break through the top black trendline, and continue our correction down, there is the possibility, that if we bounce of the bottom black trendline, we could be shaping up for a perfect inverse Head and Shoulders pattern. So ill be definitely watching for that potential. However until then, it'll take me a lot of convincing before I go long. I'll be looking to enter, either when It reaches my buy zone, because I can't see it dropping past there, unless it continues following BTC down, but by then ill have more data to work with, then I can do a more detailed count. I will also consider entering, if I see a solid bounce off the trendline we've found support at now for a quick scalp, but I don't see the market strong enough to push it up at this point. Also I have never found trendlines to be reliable/strong supports, unless correlated with a fib level. So for now, I'm watching to see where it could land, and how it reacts when introduced to each fib level / trendlines, but as far it goes for now, we double topped and are retracing. Thanks **NOT FINANCIAL ADVICE, JUST SHARING WHAT I SEE**
BITFINEX:OMGUSD
by Etsua
OMGBTC TA Roadmap Part 2Previous have a good set up and take full profit, now another opportunity to grab it! TA: - 2nd wave may fall to golden zone potential 3rd never the shortest wave! - wave count as in the chart - be patient till valid 2nd wave formation by go deep into subwave FA: - OmiseGO network preparation for Plasma (30 June or earlier) TP: - Previous High - Will do fib extension extimate when valid 2nd wave implement -Conclusion: - Is a good RR setup! Worth to take it? But I am conflict against BTC bullish may have further correction TRADE with RISK MANAGEMENT!!! I am an individual trader, based on personal analysis. Welcome to share your ideas and let's improve it! Looking for accountability partner in the trading journey and grow as professional trader
OLong
by Jackson-VAD
OMGBTC - Starting a new wave? 3-3, 3-C or 5. OMGBTC had a pump yesterday that looks like an impulse wave after a good week of correcting. Performing a count on this chart was actually pretty difficult, as the 3 waves in recent history (wave 3-1 I'll call it) definitely looked like a complete impulse wave, but it's timeframe was really short compared to it's December predecessor, and the retracement wasn't as savage as I'd expect for a full 3 wave structure. So this is my best guess as to what's going on right now. Evidence for - timeframe of 3-1 is similar to wave 1-1 (about 1.6 times the length), retracement period is similar to wave 1-2 (almost 1-1) Recent 3 waves only hit the 0.768 extension of wave 1, which would be surprising for a wave 3 that was complete. Usually they would land between 1 to 1.618 or higher. The 1.618 extension line of wave 1 lines up with the 1.618 extension line of wave 3-1, which suggests a possible landing spot for wave 3-5. So this is my current count for OMG. With the recent impulse, I think we're setting up for a wave 3-3 coming soon. On my preferred count, wave 3-3 landing zone will be around 0.00282 - 0.003. Now it is ALSO possible that we have seen a complete wave 3, in which case this may retrace further, as this recent rally was a B Wave. A drop below 0.0018 should confirm this. (Hence a possible 3-C outcome) If that's the case, the wave 5 landing zone will likely be truncated, and the price wouldn't rise much above 0.0022. (But it will fall first - maybe to as low as 0.0016) It's also possible this was a complete wave 3, and we're now heading into wave 5. This possibility comes from the wave 3 retracement only being 0.382 compared to wave 1s 0.782. If that's the case, wave 5 landing zone will be around 0.0025 or so. (another truncated 5th wave) Considering the uncertainty, any buy ins now should have pretty tight stops. Or you could set an alert to tell you that it's going above 0.002 and make your decision which way it's going from there. Either way, this coin should move some time today - not 100% which way or how hard though. Good luck!
OLong
by RobinG
OMGBTC 6h reaching end of a tight triangle and tinny bull flag?Hey guys, Quick one I would like to share. Not really sure I am accurate (sort of) with this one, but how about it? OMG is a really nice one and one of my long term coins. Already announced a lot of interesting partnerships and news, still lots to come. On top of that everything is possible in the start of a "bullish season" 2018. Getting really nicely close to a breakout end of triangle. Shaping a bullish flag or is it completely incorrect? Oh also, dancing around the 0,236 line. Or is it? Love to hear your thoughts. I'll be placing one final order for the OMG bag and that's NOW. Good luck and cheers.
O
by raffiwartanian
OMG - Potential 15-20% Profit on Breakout of Ascending Triangle!Hi, today I just had a quick look at OMG vs BTC. Here are my thoughts... As you can see we are currently trading within an ascending triangle. Given ascending triangles can be either reversal or continuation patterns, let's look at the underlying trend which happens to be an uptrend - suggesting a breakout to the upside. So what do our other indicators tell us? Aroon Up/Down is bullish. RSI and volume show no inclination that the bears are going to lower the price and break us to the downside. MACD is questionable, however when looked at with RSI and Aroon Up/Down in the back of my mind - we have momentum left before going oversold to get us to our target which is just shy of the 78.6% fib. We haven’t really tested this Fib level much before, and the last time was way back between August and October 2017; so I would expect resistance here. Also, considering our RSI and MACD momentum will be sky high and oversold by the time we get there; a retrace will be likely. How to trade this? Well as always there is a chance we will break to the downside. I have set a buy zone in green which should be used on a confirmed break out. Now to be clear - a confirmed break out doesn’t just mean we get into the target buy area; it means we close on the daily within it and have a large increase in volume when we do. If this occurs then this trade should be on for a nice 15-20% profit depending on where you get in and when you exit (just make sure you exit at or before the target!). Cheers
Long
by Corrupt_Economy
1
OMGUSD break imminent One of the only charts I have been watching today just because the range is so tight! A break of either of the blue lines will give us some clues in which way this is headed. Blue lines are taken from the high and low on the hourly TF and the yellow lines are from the 4H. Take some time and go look at the entire tightening range for yourself on the 4H. I am leaning bullish but am not entering a position until we see a break of the local top. Be prepared from some volatility because with a range this tight I'm sure we will see a big move play out. It is worth mentioning that if we break below $17.2 we will dump, short accordingly.
BITFINEX:OMGUSDLong
by jamiediamonds
2
OMG that bullish flag! Market is set to go.Welcome. Again I will check OMG/BTC opportunity. I see there is forming characteristic setup. The price has started moving in channel, there is bullish pattern also with atleast 50% profit target in mid-short term as very reliable investment. RSI hit the bull mark crossing 70 value and retracing. Entry: 0,00174 BTC ( NOW ) Stop: 0,00164 BTC (below bull flag and yellow channel) Profit: 0,00261 BTC Ethereum tokens are good for gains these days. GNT is under show, I think there is more to come. Throw some feedback!
OLong
by pinfkloyd
9