OMGBTC
OMGBTC Inverse Cup & Handle FormationOMG is still following the newly established upward trend. However a slight market correction has been reached and has now formed an Inverted Cup & Handle Formation. After this short correction I believe we will continue to see a bullish run with OMG. Watch for breakout once the main line of Resistance is broken. As stated before always use a trailing stop-loss to lock in profits!
Be smart and good luck!
Long OMG/USD Found new support @ $7+If you missed the long wait till the $7s pullback towards support for a new leg up toward $9 and up. This is a classic falling wedge pattern.
$OMG - Pennant formation$OMG has a defined pennant being formed after yesterday's ride up. Look for breakout soon.
OMGBTC Facing Important ResistanceIn order for this breakout to MOON we need to see OMG Cross this resistance. Volume still really low comparatively so use caution. I think BTC still has some legs left.
omg byu ideathe price formed support at the level of 0.00085-0.00095 BTC. According to Fibonacci this level is 0.236 and it is a good point for opening deals. The RSI Oscillator is in the oversold zone, and MACD is preparing to go up, it tells me that the price will go up.
To avoid a false signal, I recommend making purchases at the level of 0.001. To expose a stop-loss, and also to close deals in parts.
Buy 0.001
Target 0.0013-0.00165-0.002
Stop-loss 0.00077
OMGBTC Breakout - To the moon?After confirmed reversal head-and-shoulder formation we may now judge if the reversal will hold true. Should it break the current resistance trend line it is an indication that the trend has in fact reversed.
CCI is indicating the trend reversal. MACD is showing support is in control and RSI agrees the movement as upwards.
This is a great buying opportunity as the sky is the limit on what happens next. However, use proper discretion and use a trailing stop if you decide to trade this plan as it is needed to lock in profits.
GL Trading!
OMG USD an idea...Please use this as a reference - this is not a trading advice. Too many things are aligning for me to ignore...
Please comment for questions
Thoughts on $OMG$OMG is hanging on the strong fib .786 support. If it can break out of the orange downtrend line we might see a bounce to retest the red downtrend line.
OMG Counter-Cyclical Breakout Trade: Good for 10 - 15%?Two possible pattern formations on the 30 MIN chart offer short-term long trades with nice R to R. Keep in mind this is a counter-cyclical trading environment, so I would stay disciplined on this one.
- Breakout buy can be above $6.70 for a MIN TP of $7.34 and MAX TP of $7.95.
- Breakout sell can be below $6.31 with a MAX TP of $5.70. You could carry this short forward, but with a major classical fibo support at $5.43 that is not recommended at this time.
My strategy includes evaluating against BTC:
In this chart we have upward potential sitting at the bottom of a larger falling wedge and the edge of a major fibo zone. A break to the downside may invalidate our OMGUSD idea.
OMG 3 possible scenarios1. OMG stays in blue channel, first resistance at 96k, if it breaks expect movement to around 100k
2. Blue channel can't hold it, expect hovering around upper line of red channel
3. Movement in yellow channel related to other factors, BTC price drop/raise, OMG news release etc...
OmiseGO trading the rangeOMG shows indecision candles at critical pivot point within a consolidation range. All of these indicates bullish reversal signals. Entry and target as shown. GL
OMG/BTC: Market CyclesIt is not the time for going long on OMG. Profits should be taken from latest bounce.
RSI on daily is showing oversold and a bullish divergence, indicating we could begin trending sideways. Upward trend is highly unlikely. Most alts reverse after 90% retracement.
I am favoring scenario 1 because of the RSI, followed with a continuation of the downtrend. However, with segwit 2x coming in less than a month we have a big unanswered question over the entire market which could be bearish for BTC and alts. Scenario 2 is a possibility.
OMGBTC OmiseGo. Buy Opportunity.I see OMGBTC price at demand zone and it's a good opportunity to buy it. It has passed 4 Fib levels and now it's on last one. Williams R% at lowest level and the only exit is upward movement. My idea is to buy OmiseGo at white zone and sell it at end of upward arrow. Don't forget about stop-loss lower than white zone. Good Luck !
OmiseGO Buy OpportunityThe price bounces from the support zone formed by the uptrend line and 7.20 level. RSI and MACD histogram confirm price reversal. Profit targets should be near 10.00 and 11.30 levels. Stop orders can be placed below 7.40-7.50 level.
OMG 1-day looking greatOn the one day chart Omg has made an almost perfect 61% retracement where it has created it's new floor. With the MACD starting to shift upwards I think sometime within the next month we will begin to see Omg start to climb again. With that said, I think we are at a very nice entry point for this strong project. Within the next couple of weeks it will be meeting a pressure point and we will see some confidence rebuilding around Omg when it breaks this sideways movement.
OMGBTC normalizing before upward spiralOMGBTC is creating a stable support at 130000 satoshis. We will know more once the payment system becomes reality.
OMGBTC Bittrex. Rollback 50% FIBO - 22% profitSince this asset is reduced with rollbacks through FIBO channels, there is a possibility that the next pullback in the upside is possible from 50% of FIBO
OMGBTC Head & Shoulders PatternHello all,
What do you think of this Head & Shoulder pattern on OmiseGo? Could OMG be headed to .0012BTC?
All comments, thoughts are welcome.
