OMG new Target Long OMG broke out of falling downtrend. Next Target could be FIB 0.382 at around 131340 sats.
OMGBTC trade ideas
OMG Entry R:R 4.5:1Fib Levels can act as intermediate targets to bank partial gains.
Your thoughts are welcome!
OMGBTC this weekHere is my vision for OMG, it is a basic cup with handle. With a nice W in the stochRsi
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!
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 - After SX2 & Into Beginning of 2018 Trying to understand OMG/BTC in relation to BTC/USD & and OMG/USD. The TA focuses on trading in BTC but examining the charts against their USD pairs was necessary to properly analyze the BTC charts.
Some key points I was able to make out:
1. OMG is still a fairly new crypto, only trading for 4 months as of writing and only taking about 21/2 months to break over 1 bil market cap.
2. The team/company (Omise Co.) is very reputable in SEA and there is backing/advising from very reputable people in the crypto space, with that said OMG has no actual product as of writing. (It would be hard to see a market cap greater then 2 bil + with no viable product to show for)
3. OMG is expected to launch the OMG SDK wallet prototype for developers in Q4 2017, currently we are in Q4 2017.
4. OMG is first to market for the solution they are targeting.
Some technical points I noticed:
1. Yearly RSI on OMG/BTC not only looks to be oversold and but RSI on a yearly looks ready to make a reversal from a long slow downtrend back into an uptrend
2. Yearly RSI on BTC/USD looks to be very overbought and Bitcoins bull run looks to be coming to an end, since this was a big bull run for bitcoin we could see a pretty big pull back before bitcoin starts its next bull run. (this could also help bring OMG/BTC price upwards just like it brought it down with BTC was on its bull run)
3. Yearly RSI on OMG/USD is also oversold (not as much as OMG/BTC) but both show signs of a reversal and OMG looks ready to break out from its downward wedge
4. MACD on OMG/BTC & OMG/USD look ready to cross but not quite there, this is because of upcoming SX2 fork in my opinion, I think we will see the cross over after the SX2 fork
5. MACD on BTC/USD looks ready to cross also, but MACD on bitcoin also signals that bitcoin just finished a bigger bull run that usual, which again will result in a bigger correction.
6. TA shows OMG to be entering new time based fib wave cycle
Until SX2 fork I don't think we will see any major gains or ATH from any altcoins in the top 20, after the fork I think OMG will have a reversal and set into an uptrend (just like most alts). Since OMG has no viable product and since we are starting to see institutional investors enter the market with big pockets I find it hard from a fundamental view to see OMG being valued higher than 1 Bill and I don't think we will see an ATH from OMG/BTC until we can see some sort of product or have more details reassuring the project is making significant progress in relation to the roadmap but when investors get word of a working product I think we will see OMG boost to a new ATH. Hoping to get some likes (super close to being able to actually chat!) and also any constructive criticism is greatly appreciated. Thanks!
Time for AltcoinsBITFINEX:OMGBTC
As I described before, now Bitcoin price starts to fall since some speculators want to close their positions as BTC shows some reversal signals. This is my favorite crypto pair and I only believe on Fibonacci analysis so maybe you guys will find out that my system is very simple.
OMG has failed to break the 0.786 level as indicated in the daily chart, so now is the time for us to think about bullish. But it's still unclear as the main down trend line wasnt broke, and also as my analysis about BTC still keep a possibility that BTC price can reach 8000$ (Fibo 2.618 level based on the last correction wave).
Next, on 2h chart, I continue to use Fibo as my basement. The price is waiting to break the 0.5 fibo level (0.0009), so let see what happen next, but my thought is that it's good point to go long now.
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...
Good time to entrance long but still need more confirmations BITFINEX:OMGBTC
Bitcoin shows some tired bull signal so now is time for altcoins. OMG price has broken the first resistance level (0.00094) so next target will be the second (0.00107). Once the price breaks the trend line, the bull signal will be confirmed.
omg btcomg on elliot wave 2.
23.6 support level, could expect a bounce from there onward to elliot wave 3
OMG - heading towards 0.00084 btc??OMG is showing still in correction mode. Weekly candles show a stronger picture of trend, and I don't see any news coming up that would reverse it until we hit next zone of support (high probability). What do you guys think? Buying the dip?
OMG - getting close to a bounceOMG - getting close to a bounce. Could consolidate for a while. What do you guys think?
