OMGBTC trade ideas
BTC/OMG Up to 65% profit within 3 weeks!OMG is in an uptrend and had a breakout more than a week ago, currently a small pullback to the second Elliot wave (upward support). I expect a full Elliot wave with targets at 1.618 fib levels (upper resistance, sell orders should be placed around 0.0021 and 0.0026. Possibility for quick 35-65% profit within 3 weeks.
BUY: 0.00152 – 0.0016
SELL: 0.0021- 0.0026, don’t be greedy, take profit on the way up!
This is not financial advice.
If you have any feedback or remarks, please feel free to comment below.
Peace and trade safe!
OMG 0.50 retracement is a breakout and breakdown line.I was wrong when i call OMG very early. I didnt notice and forgot about this 0.50 retracement would be a very strong sign of OMG's breakouts and breakdowns. now lets see where this goes. price action "might" bounce off this retracement level on the top along with uptrend channel's support. if this breaks down off the channel, I can look down to the lower targets.
omg :: btc :: bedtime storylittle omise is drawing mountains as she plans her late winter vacation.
she loves being there. the air is fresh and healthy, the view is great and
there's a lot of light. closer to the sun, closer to the moon - definitely
a place to be.
all for nothing though, if daddy decides to take all the family down
to the beach. ever since he broke the leg on that ski-lift, he's kind of
resentful...
will omise make it?
OMG Gains Looking Highly Likely - OMGBTC fib ratio tight Generally: This is a limited scope fib retracement, supporting the trend-based extension. I will regularly plot these for 6 or more pairs over the next 12 months in order to complete an backward looking analysis on a series on tools (TA and others), used by many in trading/investing in crypto. Now, on to a description of the current 1 day chart and some commentary.
Fib retracements plotted on various low/high wicks between two date ranges:
7-14-2017 to 9-12-2017 and
12-8-2017 to 1-13-2018
The dotted white lines indicate confluence within each range. In two instances (see notes on left side), there was significant/tight confluence between the distinct ranges.
Shown here, a Fib extension based on the retrace from 7-14-17 to 9-12-17.
My take: deep regret I didn't plot the extension in mid-September and enter limit orders accordingly. Congrats to those who did, as I am confident there's a lot more upside in 2018.
If you take a moment to place a Fib extension based on the 12-7-17 // 1-12-18 date range, you will see an overlap at Fib 50% or OMGBTC 0.002. You'll notice some other interesting patterns and consistencies as well.
This is an instance whereby one could have blindly traded using this very basic tool and actually made considerable gains. If only we could identify the assets that play by the rules. If anyone has figured that out, lemme know ASAP. ;-|
No advise here, other than to look elsewhere for advise. Thoughts and criticisms, however, are welcome.
Exchanges got hacked again?! people are rushing to DEXNice risk reward trade technically, but this time I am going to throw you some backgrounds behind first.
Ever since 2013 the infamous hack, people are starting to realize that centralized exchanges are huge risk both for us and the whole cryptocurrency market.
We then experienced hack but fortunately that didn't drive them out of business, instead, they issued tokens and relieved.
And, here we are, as Forbes reported 'Crypto-Heist': Coincheck Hack Could Be The World's Biggest Ever Cryptocurrency Theft
bit.ly
534million worth of NEM 0.41% gone in a matter of seconds.
Just earlier today, 10 Jan 2018, We have ANOTHER!!!!!
The wall street journal reports, Cryptocurrency Worth $170 Million Missing From Italian Exchange
on.wsj.com
170million worth of NANO 3.91% this time.
ALL OF THE ABOVE will force people to look for DEX( decentralized exchanges), such as
#ico-neonexchange- * $OMG * $KNC * $BTS * BNT -1.79%
I'm going to allocate 30% of my portfolio into this space.
***Disclaimer***
This is just a personal opinion, NOT financial advice.
Oh My Golly Gee! OMG going up?!?!(OMGBTC)Helllllllo again!
Browsing through the charts and this caught my eye: OMG may be forming a symmetrical triangle!(Continuation pattern).
It is important to note that just before this, OMG was on a positive trend, despite the majority of the crypto market. Since the symmetrical triangle is a continuation pattern, it would be expected that the positive trend will continue! Usually symmetrical triangles DO NOT complete to their entirety and usually break out of the pattern anywhere from 60-80%(broadly marked by the up arrow).
Other positive indicators important to take into consideration: RSI. As you can see by the blue lines, there is Positive Divergence. Positive Divergence is when the Candle stick closes on a lower low than before, but the RSI actually increases. This can be an early sign of positive forces moving back into the picture. The MACD also is showing a sharp turn of the short term EMA(blue) upwards getting ready to cross the long term EMA(orange) and the .5 line.
We will have to watch this pattern closely because if it breaks to the downside of the triangle, it could mean a tank into the negative trend, which wouldn't be completely surprising in this current market environment.
I will update as I see new developments emerge.
Please comment, good or bad. Remember, I told you not to watch ;)
-Dr. Dont Watch
OMG (OMISEGO) BUY IT WHEN IT IS IN THE UPTREND CHANNELOMG
*It is in the uptrend channel as you see. If It breaks the triangle and does not go down, OMG will move higher positions.
*There is very strong support at 0.00130901 and resistance at 0.00151209.
*Also MACD confirms that the uptren will continue more.
*There is a hidden divergence for upward. Thats a perfect signal.
*If the blue line stays under the candles , that makes thhe chart perfect.
I bought some :)