OMGBTC trade ideas
OmiseGo: The Clock Strikes Timely for Marketing ManiaThis market seems to work like a round about. Each new cycle of Bitcoin sends some alts flying up faster than others. I think Gen 3 has gotten some serious pump. However, OmiseGo is has recovered quite nicely since its last pump. This vixen of a crypto seems ready to go at any minute and will be drawing former devotees back to invest once again.
There are cycles in crypto and OmiseGo will be part of the post-Bitcon-consolidation altcoin rally. Remember, with all the fear that Bitcoin is too slow to serve as a currency and too political to serve as a store of wealth; OmiseGo has positive press in both aspects. On the one hand, OmiseGo still has a partnership with McDonald's and is used - right now today - as a means of exchange. On the other hand, OmiseGo's mission statement is to, "Unbank the Banked" and they occupy a very large, relatively tech savvy and industrious region of the world, "Thailand, Japan, Singapore, and Indonesia, with rapid expansion plans to neighboring countries across Asia-Pacific."
I believe it's time again for these types of coins to make a resurgence in price. However, what do I know? I am not to be trusted because I have no vaild insight and these statements should not be considered actionable or sane advice in any instance. Disregard this analysis as not usable. Cheers.
OMG slowly creeping back upThe time fib arcs show where the price action has been moving over time and the constant rejection from the .786 fib arc.
There is light at the end of the tunnels for those that are long on OMG!
We have found a solid support at 44K sats and we have slowly been creeping back up and most likely will continue moving along the red support line and as always being rejected at the .786 fib arc. Current resistance to break is the .236 fib line as we can see that he has been rejected there a few times.
As can also be seen the MA (21 and 50) are slowly curving back up.
I believe the EW will be part of a much bigger EW at which point after reaching the end of wave 5 we will move on towards new ATH.
Happy trading!
OMG potential breakout - Medium RiskCalling this one medium risk due to it's strong performance vs the dollar (has it already had it's run and is out of puff) as well as a possible bull run for BTC. BTC to hit CME in less than 24 hours and just broke week long ascending triangle, also at 55% market cap so 'due' for a run.
In addition we've also had a little run on omg already, what we're seeing is it resting above the 21 day SMA, however it did bounce off the 50day (which aligns with the .236%) long term fib level. For it to be confirmed I want to see it break above that. Keep stops close if you're a trader.
That said I'm on this now as I'm a believer in OMG long term and I didn't have any so quickly grabbed a bag.
Once again medium risk but potentially a large upside, proceed with caution.
OMG/BTC Overview OM vs BTC , Omisgo successfully break downtrend zone and had a great bullish wave till it hit the first resistant line .. if it can break it it will continue this upward bullish movement and every resistance line is a target
hope that you make benefit with this view .. follow the coming new updates for more confirmation
Good luck