OMGBTC trade ideas
OMG forming a bullflag, Short term Long PositionOMG is consolidating right now, could be due for a pump upwards within the next few days
Omisego is a solid project with good fundamentals, being the first project to implement Plasma.
A lot of money is flowing into good projects right now.
Targets are 950 and 1180
SL = 690
Short term trade
OMG/BTC longWe saw a minor break though of the ceiling as we watch OMG fall back into it's channel. As BTC rises, I would expect to see OMG stabilize around it's major support line and bounce back off, starting a potential new wave cycle. Keep an eye on volume as we approach the support line as it may indicate whether OMG holds steady or falls under to the next channel.
two triangle and rise after reaching the resistancetwo triangle and rise after reaching the resistance
expectation
OMG/BTC - Opportunity To BuyWhats up traders,
Here we have OMG/BTC on the 4H chart.
Price has been having a nice up move since it had an oversold leg. Buyers have taken the opportunity to buy the oversold at the bottom and hold for a retest of at least the structure resistance at 0.00076000.
On the 4H chart, price had a clear correction to the Fibonacci key retracement support at 0.00063500, and since has been up moving.
Price looks like it is in a 3 wave minor move, with the correction at the resistance channel. So we have a target that makes logical sense.
The recent bottom was clearly accumulation (A trend bottom and sideway movement in a tight range before an explosive move), and I plan to monetize on this with this trade.
For now, the pullback has been the earliest opportunity to buy into what looks like the beginning of an at least intermediate term uptrend.
I will be updating this analysis as it progresses.
OMGThis market is amazing. There are so many opportunities. Every time I press refresh I see a possible trade for 10% gain on random coins. It is surprising how far OMGBTC has dropped. But I believe that time is about to end. With the recent tweet from Vitalek, I am certain many people will misinterpret what he meant and end up buying this crypto. That will drive price up. Either that, or it is simply too low and is going through the ebs and flow of the market. What are your thoughts?
Trade with care.