OMGBTC trade ideas
OMGBTC 4H CHART OMG MARKET CONDITIONSA week after our last analysis, OMGBTC pair, is still in range and overbought, however, rising triangle still formed, with possible entry levels on the chart.
A break bellow triangle should trigger Stop-loss and could lead to next resisatance zone near 0.00129
IMO, it is more likely a break bellow support rather than a break over resistance because of RSI bearish divergence. Market will tell.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me
OMGBTC - Time to move up? Seems like it can be a decision time, possibly go over the cloud and reach a new high =)
Swinging a little OMG in the next couple of daysBTC is still quiet and OMG has been brewing slowly. Time to buy at around 0.19 and sell at 0.22 if the volumes are there.
Ascending Triangle Ready for BreakoutAscending triangle on OMGBTC showing signs of a breakout in the near-term. Using distance of first touch on top resistance and ascending support line, it appears the breakout will be in the .003BTC range. We'll see how it plays out...
OMG BTC ( Ready FOr Moon )Big COnsolidation From last couple of days and I think soon OMG will pump .. ALso OMG team said News will come before the End of August so I think its a great chance to double up your investment... Rumours say Apple Partnership with OmiseGO but Who knows...
R/R is awesome ...
Good luck
Stay Safe
OMGBTC going off againLooking at OMG, seems like the correction was already over. The past few days OMG had made several good moves which piled up all the buying frustration. Now. it seems to be ready to move higher.
I only added the first take profit target will add the next one once we reach the target.
Realistic Look on OMGHead and shoulders appearing. I understand that most people see a Cup and Handle, but let's be real. If everyone sees it, and nothing it happening to make it break it's ATH, it's probably due for a correction. Only thing that will bump it over the ATH mark is good news, which we've been told for days is coming, but doesn't look like it. Prepare for a dump or some sorts, unsure which one it's going to correct to, but it will most likely correct.
OMG Continuing its Uptrendseems to be continuing its uptrend, if you havent gotten into $dnt either its a good time for both, twitter.com/xanaxcoins
OMGBTC: Potential uptrend continuation signal in 2 daysKeep an eye out for this, and if you're long, look for the targets to reduce exposure or trail stops. Price shouldn't fall under the current week's low ideally.
Developments in this currency have been interesting and might end up benefitting $ETH even, with the Plasma tech they are working on. I would assume there is steam left for this rally to continue, the key is asking: can this outperform ETHBTC? If not, I would rather hold ETH instead. At the time, it seems ETH can surge by 50% in the same timeframe, so $OMG might end up outperforming it, for what it's worth.
Position sizing should be modest but big enough to risk say 0.25 to max 5-10% -depending on wether you are up on the year, profits wise, or not- If you are not up for the year in your account, better risk below 1%.
Stops for this, I wouldn't use but the size you can accomodate to avg. volatility figures, or based on not going below the week's low after the breakout.
Best of luck,
Ivan Labrie.
OMG/BTC - Repeating Pattern - Potential ATH & Major BreakoutLast night we saw OMG break out bullish of a pennant, and now could be forming a bullish flag which would indicate a continuation of the upward trend.
A very similar thing happened after the first Major Breakout on August 3rd. We saw a bullish breakout from a pennant which led to a bullish flag just below ATH. We saw our major breakout from this flag on August 10th at the trend support line.
We could see a consolidation phase in this flag until we get to the support line, and then another big up to new ATH.
BTC permitting
Opportunity to buy in is coming within 1-2 daysOMG has formed a decent double top on a lower volume compared to the first top. If the initial trend line is broken, set your buy orders around fib 0.5 and the following larger orders at the next fib levels.
Conservative buyers may consider level 0.3. ADX doesn't show a strong trend, and stoch RSI is already at the bottom, so it is not clear whether there is enough strength in this push to go to 0.5 or below yet.
Thoughts? Am I overlooking something?
$OMG POISED FOR A BULLISH REBOUND -- TECHNICALS READY TO CONFIRM$OMGBTC is preparing for a bullish rebound after a minor corrective phase. Beyond technicals, OMG is a very promising token with a tangible product, legitimate business partnerships in place and a relationship with Vitalik Buterin, the creator of Ethereum.
2h OMG/BTC IdeaI should have mentioned in the NEO/BTC idea that these all rely very heavily on bitcoin's price being normal (lol)
OMGBTC 4H CHART OMG MARKET CONDITIONSOMGBTC currently on an ascending channel, seems to have formed double bottom and double tops.
Double bottom found resistance before reaching pattern TP.
Double top just formed. If pattern is not fulfilled could lead to new ATH with resistance on Fib rET levels shown.
Going short or long is up to your current holding.
Key levels are shown in green and red.
Possible entry/ext shown in graph.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me
OMGBTC Textbook Bearish GartleyThe main rules of a gartley are as follows from profitF.com
The main rules of the Bullish and Bearish Gartley are as follows:
AB must retrace 61.8% of the XA leg
BC can retrace between 38.2% – 88.6% of AB
CD can be an extension of 1.272% – 1.618% of AB
CD can also be a retracement of up to 78.6% of XA leg
The point D is known as the PRZ or Potential Reversal Zone
From Point D, a trade can be entered with stops at or above (below) the price point at X.
I've played the stop loss and target 1 at the correct levels as well.
OMG Short possibility. Double top is formed. It could be a good moment to start a short position (TP1: 0.0018622 BTC TP2: 0.0016823 BTC) with tight stop-loss (0.0022088 BTC)
