OMGUSD - potential opportunity to buy inI believe OMG is a good opportunity long term, you can read more about why here : 500% return and 5 other reasons you should buy OMG
We are setting up for a POTENTIAL buy opportunity. IF it plays out, it can allow you to get in or double down on your position.
OMGUSD has been in a consolidation phase after a strong impulse up on 5 Jan. Within that time the resistance at 19 has held, giving us confidence in our position. Between now and Monday, whilst being mindful of what is happening with BTCUSD, the market could sideways trade around the 21.5 area until we meet the medium and long term trend lines (green/pink). This is also likely to coincide with a meeting of the 50MA. At this point the market MAY decide to continue the bull run. This should see it going up to around 28-30. Although there is resistance at 26 along the way. The signal is it getting close to (slightly before or slightly past ) the trend lines and then a reversal. We should see this action over a sustained period - e.g. on the 6 hour chart. Risk management can be via a STOP below the support area, between 17-19 depending upon your risk appetite.
I do NOT recommend buying in advance, wait for the signal.
Signal : Hitting the trend line and bouncing up (6 hour chart)
Target 1 : 28-30 (but you could take some profit at 26)
Target 2 : 38
Stop loss : Between 17-19
I'll keep this post updated if it receives 10 or more likes (thumbs up).
OMGBTC
Updated OMG Idea on the hourly chartLooks like OMG could be forming a bit of a longer consolidation pattern before continuing on. Looks to be moving in one of two possible channels which are marked. Retracement of last wave hit the 50% level nicely and the pattern is forming lower highs and higher lows. I've indicated a couple of possible sell targets in red. Good buy zones could be either at the bottom of the triangle or wait for the breakout of the upper trend line of the triangle to confirm a breakout. Always set sensible stops and have a clear strategy for managing trade sizes.
OMG Mild Bear ComingI'm theorizing that as the Kijun (yellow) line crosses over the Tenkan (blue), we'll see a TK cross that will result in a mild bear run if the cross happens above the cloud. Keep in mind, this is on the 4 hr standard so we may not see the bear for a few more days.
I'm predicting some good OMG buy opportunities. Keep eyes on the MA 50, 100, 200; they are all positive so this notes that the overall outlook for OMG is bullish, with the TK cross giving it a short-term bear run (whenever that happens).
500% return and 5 other reasons you should buy OMGI've been watching OMG for a while. It had a great start in 2017 and has gone through a nice prolonged period of consolidation which has set it up nicely for a big leg 3 impulse drive. I have been trying to decide how much to invest and so did some research before deciding that this should represent a big % of my portfolio. I wanted to share a few key points with you all:
1. The opportunity vs Ripple (XPR) and Stellar (XLM)
They are in the same space as XPR and XLM (decentralized financial technology for exchange and payment services) but at 1/40th and 1/5th of their respective values. Given the pedigree of team and product (see later), OMG should be at least valued as much as XLM, which would give it a x5 increase.
2. The product
They are building on the ETH platform so they get all the benefit of the investment going into ETH without the cost base. Would you invest in Amazon or a company like Amazon that also has to build the road network, lorries, etc? They also have a product in a closed BETA state (last state before general release) and have a live implementation with a 'huge multinational company', you can read about it here .
3. Great team
VC backed with Ethereum founders (Vitalik Buterin and Vlad Zamfir) and the Thia Government (Thai Minister of Finances) as advisers. They were listed in the Top 10 companies in Blockchain by Coin Telegraph . They are currently recruiting a Head of Communications, which is needed and probably a large reason they are so undervalued vs their XLM and XRP peers.
4. Exchanges
Quality exchanges giving good liquidity (Bitfinex, Binance, Bittrex). The Koreans are yet to jump on board, which will create demand. It has also been identified by quiet a few commentators as having a high chance of being listed by Coinbase. Goldbug1 has a good post here .
5. The TA stack up
We are in the 3rd leg of an EW. Projecting out the current momentum takes us to about $150+ by Feb - which would put it slightly above (XLM), which many believe is more than justified given its product and team fit.
I bought into ETH in January 2017 and enjoyed a great ride. I have done the same with OMG over the past week and I'm hopefully on a similar ride in 2018, it would be good to have a few passengers with me!
OMGBTC road aheadI have been hodling the bag for this for too long, this is my hope, my wish, my vision of OMG road ahead.
OMG: Big Run ComingIf you have been following Crypto for over at least 1 year. You would know Omisego is one of the project many people look forward to. Initially it had a huge run up and then a period where it was brought down to ATL, like many coins. However, Omisego has yet to explode in the way other coins did. If you check out Stellar Lumens before it big move. It is similar to this setup. I believe OMG will be running within this next few days. Check my old post on Omisego for a better perspective. What are your thoughts?
Trade with care.
OMG bullflag on multiple hourly time framesHey guys I have a couple of charts that are looking bullish today that I want to post. To get it started we are taking a look at OMGBTC. Clear bullflag on the 4hour time frame here. We tested a breakout last night with no follow thru but its looking like we may breakout today. Short term target is in the green box near the 0.618 FIB zone. I have been an early investor into omg and have seen close to a 10x on my investment in the past couple of months. Regardless of that the chart looks good so this is one to keep an eye on for sure. Let me know what you guys think, thanks for checking this out. More to come.
PS buy the breakout, OMG faked me out last night so just wait for a clear breakout to buy. As always DYOR
OMG buy the breakout - wedge on USD and BTCThis one looks like a pretty obvious set up - but you need to wait for the break. I like it when a coin shows the same or very similar pattern against both BTC and USD. In this case, we can get ahead of the breakout on the USD by watching the BTC breakout.
Breakout OMGBTC : 167
Trigger a buy on OMGUSD between $25-$26. However, if you want to be sure of the breakout, you can wait until 26.4 which is the 0.78 FIB level measured from the recent high and low.
Target 1 : 28.5 (last high)
Target 2 : 34.4 (1.6 FIB from recent high and low)
Stop loss : Around 24 (below upward support green line)
Good luck
OMG about to break out from a very bullish pennant for a move upOMG has been forming a nice bullish pennant after it's recent move starting on 6th January. The breakout from the pennant
will normally make a move at least equal to the length of the previous move (the flagpole) which would also touch precisely the 1.618 fib based on a trend based extension of a previous wave set starting on 22nd December.
Buy now or wait until the breakout of the triangle. Don't forget to use stops. 1st target zone is marked in red.
OmiseGo (OGM) Oppotunities to make 270% profit Some signals indicate the increasement of coin in short term. It is good to buy and make profit
Buy at : 0.00108
Sell at:
Target1: 0.00140
Target2: 0.00170
Target3: 0.00200
Target4: 0.00250
Target5: 0.00300+
Stop loss : 0.0008
Note: Depend on trend of bitcoin, you can choose to buy at right time. Remember that there are five options
1. Bitcoin increase - Altcoin decrease
2. Bitcoin decrease - Altcoin Increase
3. Bitcoin increase and Altcoin too
4. Bitcoin decrease and Altcoin too.
5. Bitcoin sideaway - Altcoin increase (***)
Protect your coins and wait the chance to buy.
A Cup Of Tea?Quick analyse about OmiseGo (OMG), we are currently forming a cup and handle, which is a very bullish pattern.
Indicators like RSI are also bullish.
Regarding the project behind OMG, they are seeking to unbank the banked. It's a decentralized bank using a Proof of Stake algorithms (PoS) and they have Vitaik Buterin (founder of ETH) as an advisor. Currently evolving around 25th place regarding marketcap, it has a lot of grow ahead.
I would recommend this call as a long term trade
OmiseGO is undervaluedOmiseGO is currently undervalued. The ATH is 0.00329400 BTC. The current price (0.00148600 BTC) is at 45.1 % of this, so we are still very much undervalued!
Current performance is very much bullish on the daily chart. Right now things are slightly overbought, could see a very brief correction at this level, but I expect the price to continue rising soon (this week ?).
Reaching the ATH is just one target and not the end of the road!
Research OmiseGO fundamentals, this company (Omise) has been around since 2013 and employs over 100 people. It operates in Japan, Thailand and Indonesia amongst others. It offers critical gateway services between crypto and legacy banking and is working on achieving a decentralised exchange network for exchanging between cryptocurrencies. Why is this important? Decentralised exchanges are possibly the exchange networks of the future!
One of the advisors of OmiseGO is Vitalik Buterin, founder of Ethereum, who has said OmiseGO is his favourite token model for 2018: oracletimes.com
Website: omisego.network
Good Youtube video: www.youtube.com (not mine:))