OMGBTC exchange rate rises...OMGBTC exchange rate rises. Currently, the exchange rate is from the correction level of 0.00217063. If we are dealing with a wave of fractal, then the exchange rate begins to increase more strongly. Even though the angle of the ATR does not justify this. Therefore, the rising angle will be steeper than indicated by the ATR axis angle. Thinking this strategy further, the exchange rate could rise to a target price of around 0.00364642 within a month or more.
OMGBTC trade ideas
OMG/BTC going up?Found Support on 200 MA 2 times and went up afterwards. 3rd time it broke the MA200 but found Support at 0.002128 BTC Level. Also when you look at the MACD it Looks like we will go into in uptrend! We will have a closer look on September 27th, or even if OMG breaks the resistance downtrend.
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OMGBTC wave 5 off elliot wave cycle after ABC correctionFirst and foremost, it's too late to chase it!!!
-Prime entries were points 2 and 4 on second set of elliot waves in purple.
- Fibonacci levels are respected and projected here in this analysis.
-Stoch RSI is turn up.
-OMG has a great presence in the market.
Do not be suprised to see this coin rally for new highs.
I keep it simple. Let's see how my analysis pans out.
OMG Thomas DeMark Trend lines Short sell targetOMGBTC
-4H CHART
-Technic for getting target when trend lines break using Modern school of economic
-Using the 2 most recent lows
-Couldn't use first candle as it was missed but the second candle will have to do.
-3:1 Risk to reward
-11.33% expected gain.
P.S Mostly Educational
Good luck!
[BUY SIGNAL - 15:1 RISK REWARD ] OmiseGO/BTC Ascending TriangleThe pattern is formed backed by a strong up trend(short, middle and long term), plus the rumors about china ban are being "cleansed" and the whole market is stabilizing and ready to go back to it's strong up trend. Also the ATR shows a good chance of a sudden and strong movement - so a good risk:reward can be achieved in a rather safe trade judging on how loose you go in your buy zone.