Long rising run for OMGOh my god... OMG is playing on my nerves again =) Maybe now it has a chance to rise if it gets through 0.00167 to the main 0.00180 resistance zone (which stays on the same level with fibbonachi 0.5) and I expect OMG to be testing it once again very soon (keep in mind I'm looking at 1 day TF). Meanwhile on a smaller TF it is still struggling with 0.00160 and doing not very good (still droping lower). Hope it will bounce from 0.00152 as otherwise all said above has no future. For those looking for opportunity to jump in I would recommend to wait at least till it crosses 0.00182. That would be much safer.
OMGBTC trade ideas
OMG/BTC 300% MOON SHOTOMG is a coin that respect both FIBs and Levels A LOT. For that reason it is a safe bet for me.
Purple lines and FIBs all match up on levels that it bounced off of during the downtrend which was confirmed to be done when OMG went from 0.0005 to above 0.0011. This market is VERY bullish despite BTC dropping like a mad man.
Expect OMG to go up BUT be aware of BTC which is still bearish and as we all know if BTC decide to drop it will kill every alt coins current potential for growth for the moment.
Follow me on telegram if you want to be updated on this trade and like this chart if you agree!
OMISEGO BULLISH?OMGISEGO
OMG/BTC
Omisego looking bullish.
- RSI @ 53, neutral but becoming oversold.
- MACD trending well, last crossed on Feb. 6th, and continuing in new trend nicely.
- Bollinger Bands have narrowed indicating a sideways trend may have formed for the time being. BUT they also seem to beginning to widen again, indicating another outbreak imminent, and with a current upwards price movement so far, the outbreak may very well be a bullish one.
- Watch the Fib Retracement levels, if we can move upward past 0.5, expect further bullish movements.
- Is continuing in recently formed upper price channel.
- A beautiful reverse H&S seems to have completed, now awaiting outbreak.
- Yellow lines forming ascending triangle.
-Overall downward trend has reversed, but will trend reversal continue? That really all depends on what Bitcoin does.
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.
OMG is coming back strong TO THE MOON !!!!OMG is coming back strong, to the Moon.
Omg just bounced from the support line it is starting to be bullish again.
He goes up and goes up even higher than the first time!
Now, it's a good time to buy, if you do not have OMG in your wallet yet
OMG is on Binance, Poloneix, BitFinex, Bittrex and other exchanges.
Buy: 0.00142- 0.0018
Targets
1 - 0.0022 (short)
2. 0.0028
3. 0.0033
OMG is a good trade
I like OMG and you?
Together we will be better and rich
Follow me ;)
Add me on telegram: web.telegram.org
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