OMGBTC trade ideas
OMG/BTC Critical PointFrom the 1 Day OMG/BTC chart on Bittrex we can see a clear falling wedge finishing off what would appear to be the right shoulder of the inverse sort (bullish). Where the falling wedge meets support is an area of critical support .00214-.00215. OMG is oversold on the 1Day chart according to the Stoch Rsi and appears to be making a move to neutral. Should test of this support fail, we see a regression towards the main trend line. Although this is the main trend line, we do not see solid support here and it will have to be developed, potentially indicative of a period of sideways movement until more support/news comes our way. Happy trading and please let me know your thoughts.
Ross
Falling Wedge - Dark Green
Main support - Salmon Dotted Line
Trend lines - Blue
How bout them lines
Number of times price is affected by line
2 pink
3 purple
4 blue
5 dark blue
6 light blue
7 green
8 yellow
9 orange
10 red
11+ brown
Omg Descending WedgeObserving a descending wedge on OMG/BTC. It looks like we are a few weeks away from breaking out. Buying under .0019 BTC
OMG/BTC: Drop the bass, get some OMGIf we are too see a drop in btc price, be ready to pick up some OMG for the cheap!
OMG: Support Bounce (Hopefully)OMG is at a point where it has a couple supports relatively close to one another. If this proves to be enough then we could begin a correction out of this hole we're in right now. However, it's possible that the price falls through the supports and we see prices drop to the previous low. Fingers crossed the bulls show up before that.
OMG 1st OctoberOMG chart says, it is trying to break out at this moment, MACD also supports the same. It just needs to gain some more volume for an upward movement.
OMISEGO - A quick 20%?Set some buy orders to in case the resistance breaks, we may see a slight decrease right down to the support before we push through. Target, 20%+.
Head and shoulders to end OMG uptrend?We can see that there is a head and shoulders pattern in the OMG chart.
So far the neckline didn't break but if it does so next target would be around .18.
OMG aka. I have no idea what i'm doing
Relativly new to the crypto and trading, but well, it's a thing.
Updating my previously not-so-defined strategyAs of now, my portfolio is divided more or less randomly in more than 30 different coins. With no good plan. Been just researching coins and when I come across a coin that I find promising, I try to find a cheap point to enter. Haven't had any actual profit targets / exit plans. So mostly I've been exiting too late, often at a point that I should have just holded as I missed the top completely. As for entering, I have many times entered too late aswell. Fortunately I'm better at avoiding that mistake nowadays; If the train has left already, then it has left. Forget about it, and look for the next train. The biggest problem here is that I can't follow so many currency pairs with precision. It cuts my profits.
So here is my revised plan:
I'm going to go over again the fundamentals and roadmaps of all these +30 projects. I will then make a list of 10 of the most promising projects out of these and scrap the rest. I will then invest 2/3 of my total investment capital into these coins in the order that the most solid winner will get the biggest allocation, the 2nd the next.. and the least solid the smallest. The remaining 1/3 I will reserve for day-trading. For this, I don't concern myself so much with fundamentals. I only care for small movements, I'm in and then I'm out. In order to do this well, I will focus on technical analysis and news. For each trade, I will have a plan; an entry point, stop loss and an initial exit point (which can be revised as I follow the movement).
Don't hesitate to tell me what you think about this plan. Is 10 coins too many? Is 2/3 too little or too much? All input is very much appreciated.
OMGBTC chart. Bullish, gonna go up ! Omg is bullish, oversold, at current support, retracing, buy at support and hold would be a great thing.
OMGBTC technical analysis breakdownToday we breakdown the movement of OMGUSD based of Technical Analysis
I hope you learned something today
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*Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies and crypto currencies can be risky and potentially profitable opportunity for investors. However, before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
What do u think H&S?? its to early :P OMGBTCWhat do u think H&S?? its to early. will maybe :P OMGBTC
OMG Trading Zonelooks like a #Nice Fluctuation zone has been setteld for #OMG, Longer trades can be opened if btc get stabled Along fundamental catalyst
the support is here!!!Slow and steady wins the race omg is doing exactly that it is steady rocking and on its way for for the rise
i did this with ethereum just two weeks ago and boom today it rocketed i can feel it in omg the support is steady with this one
its not going any where its a safe bet
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