OMGBTC trade ideas
Ready for push toward 0.5 fib and beyondI think OMG is ready for a nice push up after the recent correction based on this daily chart.
-Forming a nice ascending triangle between 0.5 fib and trendline. Trendline has been a strong support in the past.
-Stoch RSI bottomed out. As can be seen in the chart, a bottomed out Stoch RSI has always caused a nice bump in the past.
-And last but not least, a Golden cross has formed about 5 days ago.
-Volume could be better but it's not terrible.
Happy trading!
Omisego Testing Key Support, Potential buy Option.After a bullish breakout on December 18th, Price has remain in a very respectfully bullish channel. Where price has rise from its top of the bullish breakout from .00075 to as high as .0018 aganist the price, again of at least 200%. Now Price is testing key support. Buy be an opportunity fro some investors and traders.
OMG/GBTC Showing Bull Signs 10% - 100% Fast Profit PotentialHello, Trading View,
Okay this coin is priced low for the year. So you can conclude that it will continue on the uptrend for a while. Because we are still in a correction trend. Be sure to head over to our web site to join our private membership group. For up to date news on the industry. And the best buy/sell price points to maximize your ROI
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StopLoss123
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OMG Possibility #3: Elliot Correction WaveOmiseGo, using the OMG token is a crypto-focused branch of the traditional and well-established Asian payment gateway, Omise. It is as close to a bluechip coin as it gets and I have very high hopes for it in future. They have recently been in a fairly consistent bull channel despite not having the most announcements or the best general public relations, so we can expect any large piece of news or project update to have a large effect.
However, I cant ignore the possibility of entering at least a mid-term correction phase, if not, god forbid, a full-blown bear run. I have set two different potential short positions that i feel can be mixed and matched, meaning you have a total of 2 entry and 2 exit positions to pick from.
For entry points (or exit if you arent shorting), one is near where i suspect the top of the current wave may peak, and the other, if youll need more convincing of a bear market, is set for if the price breaks the current round bottom support trend.
For exit points (Or re-entry if you arent shorting) I've marked one around a known support line, and the other near where i suspect the elliot waves should take it.
OMG Possibility #2: Bull PennantOmiseGo, using the OMG token is a crypto-focused branch of the traditional and well-established Asian payment gateway, Omise. It is as close to a bluechip 0.00% coin as it gets and I have very high hopes for it in future. They have recently been in a fairly consistent bull channel despite not having the most announcements or the best general public relations, so we can expect any large piece of news or project update to have a large effect.
I realize it doesnt perfectly fit the tradition bull pennant, but I think there's definitely enough there to show we are near a breaking point, and will soon see large movement one way or another.
OMG Possibility #1: Cup and Handle & Round BottomOmiseGo, using the OMG token is a crypto-focused branch of the traditional and well-established Asian payment gateway, Omise. It is as close to a bluechip coin as it gets and I have very high hopes for it in future. They have recently been in a fairly consistent bull channel despite not having the most announcements or the best general public relations, so we can expect any large piece of news or project update to have a large effect.
The first piece of TA i see forming is a possible cup & handle, with a definite round bottom.
Another bullish possibility I see is that we may actually be forming a bullflag at the moment (linked below), in which case some of the support lines shown here may be broken without necessarily indicating a trend reversal.
The desolation of OMG ?Wel i'm a big fan of OMG, great potential for this year! (without reading the charts). In Q2 there is PoS comming, if this happens there will be alot of atention. In the upcomming year we could se a market cap around the one of ethereum, do your research on this coin, u will be rewarded... I think.
OmiseGO OMG Forecast - January 2018 Sale!art shows how BTC's bleed dragged OMG coin down with it. OMG is currently trying to hold support level at 140,000. That support has already been broken and fib retracement (not shown in chart so as not to clutter) suggests next support level at 130,000. Hence it would be wise to place some orders between those levels.
Once BTC recovers, a reversal is expected and a bullish trend to form and potentially reach the flag targets in the coming days.
RSI: Oversold 35%
Events:
18 January 2018 Jun Hasegawa will be explaining OMG future plans
This is not an invesetment advice, always do your own research!
What? Market crashed? at least this one's not! Some of you guys have lost pretty lots of money over the last night. I've heard some of them just cut their loss. Well, as a trader and as a person who's going to stay in this market, we gotta capture some opportunity if there is any.
Although the whole cryptocurrency market is going down, there are some good coins still hanging in the range of uptrend box. This is one of them. Thus, I believe that this is a perfect time to review our portfolio to see which one is not good one or so.
It's easy to distinguish by just looking at the chart. If it's still somewhere around the box in this crashed market, then it's reasonable enough to say that 'it's still alive. And you're going to survive in the future'. Let me go ahead and get you up and running!
Trading Ideas: As you can see there, the bottom band is going down which means it'll go down for a next couple of hours but there is some buy opportunity near trending line. This is due to the fact that I don't see top bands going down towards candle at the same time.
There's always an opportunity for profits. Let's maximize it by minimizing the risk. How? by choosing and trading a healthy one :) Good Luck
OMG bounce Despite overall market bloodbath, the OMG-BTC rising channel remains intact. From a long term, fundamental perspective, OMG should do well, especially with Plasma implementation and wallet launch in Q1. Now possibly move to top of the channel, as it did previously for multiple times, and then consolidate around both 1. the previous resistance and 2. bottom of the channel. Another possible condition would be crawling on the bottom of the channel and work itself within this small triangle, and we go from there.
$OMG Bull FlagSometimes all you see are bull flags. Market has been ripe with them lately and $OMG is no different. Linear Regression looked bearish on the short term during the day but has been sliding in the bullish direction. Everything looks like $OMG is about to make its next leg up. Long term hodl but excited to see some movement after the Korean FUD.
Definitely a safe time to add some more to your $OMG holdings before it moves up once again.
OMG to about $80If OMG follows this channel it should be getting ready to move to .0065 BTC which at $13k would price OMG around $84 USD (I'm not as bullish on BTC right now and think it might go sideways a bit longer which gives alts like OMG a chance to move up). OMG has been moving sideways for many months and is highly undervalued. When their tech goes live it'll be an extremely impressive thing to watch - instant transactions over Plasma network. I think we'll see it move up soon and then consolidate for a few months and move up again later this year. I consider OMG a good 3+ year hodl but it will pay off well.