OMGBTC trade ideas
OmG is on it's way.. To Heaven ?I expect formation of a HANDLE and consequent impulse towards the Pressure Line as a continuation of a larger triangle trend.
The Long trend is beautifully embedded within a Sine Wave womb and about to hatch on the first weekend of 2018.
My plan is to benefit from short position on impulse towards pressure line and eventually on long position after price breaks out around the Conclusion Point .
I see beauty in composition of this chart, in particular the coincidence of sine-wave intersection with the tip of the pennant in what i call Conclusion Point .
This captures my attention and compells me to invest. Am I silly ?
This is my first ever published idea, and I'm very new to trading and TA ( it's vocabulary also) in general, so please excuse my potential inaccuracies.
I will appreciate any feedback.
Thank you
OmiseGo: The Clock Strikes Timely for Marketing ManiaThis market seems to work like a round about. Each new cycle of Bitcoin sends some alts flying up faster than others. I think Gen 3 has gotten some serious pump. However, OmiseGo is has recovered quite nicely since its last pump. This vixen of a crypto seems ready to go at any minute and will be drawing former devotees back to invest once again.
There are cycles in crypto and OmiseGo will be part of the post-Bitcon-consolidation altcoin rally. Remember, with all the fear that Bitcoin is too slow to serve as a currency and too political to serve as a store of wealth; OmiseGo has positive press in both aspects. On the one hand, OmiseGo still has a partnership with McDonald's and is used - right now today - as a means of exchange. On the other hand, OmiseGo's mission statement is to, "Unbank the Banked" and they occupy a very large, relatively tech savvy and industrious region of the world, "Thailand, Japan, Singapore, and Indonesia, with rapid expansion plans to neighboring countries across Asia-Pacific."
I believe it's time again for these types of coins to make a resurgence in price. However, what do I know? I am not to be trusted because I have no vaild insight and these statements should not be considered actionable or sane advice in any instance. Disregard this analysis as not usable. Cheers.
OMG/BTC Overview OM vs BTC , Omisgo successfully break downtrend zone and had a great bullish wave till it hit the first resistant line .. if it can break it it will continue this upward bullish movement and every resistance line is a target
hope that you make benefit with this view .. follow the coming new updates for more confirmation
Good luck
OMG/BTC longWe saw a minor break though of the ceiling as we watch OMG fall back into it's channel. As BTC rises, I would expect to see OMG stabilize around it's major support line and bounce back off, starting a potential new wave cycle. Keep an eye on volume as we approach the support line as it may indicate whether OMG holds steady or falls under to the next channel.