OMGBTC trade ideas
OMG bouncing from trendlineOMG seems to be bouncing from the lower trendine. If there is enough power behind this bounce, we might break through the blue trendline immediatly, but I think a retest of the trendline is more reasonable. That would be an optimal entry point I think, before OMG breaks througha nd goes for a next leg.
OMG Fibonacci Retracements - PredictionsSeveral things to discuss in this chart. Although the Vix Fix doesn't indicate market bottoms, retracement patterns based on falling wedge formation seems to indicate the bottom of the fall. Current retracement patterns to the .5 and .618 highly possible. However I'm also prepared with my portfolio for a drop back to the last support line.
OMG/BTC Long Entry Looks like OMG is finding support and has been in consolidation for quite some time.
There has been some accumulations of large amounts of OMG as shown in the volume.
Entry at .00081-.00076
Stop Loss: Pay attention to the last support levels at .00065 and .00060, I am doubting we will reach this point.
Some very big potential gains here for OMG, any news will shoot this crypto up!
This idea is based solely on technical analysis.
Happy Trading!
$OMG - getting ready for take off!Nothing dramatically changed with OMGBTC, the price is now close to my "best entry" point.
This is the area where OMG is likely to take off. When? I don't know, there are no huge fundamental news coming for OMG
2018 should be a big year though for OMG, this is the year where the product will actually be released - the blockchain and the wallet, probably with staking.
So this is more an investment advice, long term trading, you could start accumulating OMG at these prices.
Thanks! If questions, let me know.
Thoughts on OMG, BUY and HOLDThe graph speaks for itself, this is just my thoughts on it. I think it needs some kind of good news to give it a little help breaking the trend line.
December it is supposed to OMG launch its private testing SDK so, waiting surely for that to happen.
And to the long term at the end of Q1 2018 I think it's gonna top the all time high.
First time publication, would love to hear your comments
OmiseGo possible selloff to short term trend line [OMG/BTC]In this rookie analysis I expect a short term selloff to the levels which would reach the support zone of the short term trend. Because there is a clear break out from a falling wedge, I personally think this is a trend shift and this is the start of the upward moving trend. Therefore my personal targets to sell are not yet decided, I am beginning to accumulate OmiseGo and update my trailing stop loss when the price begins to move. I believe this coin in the long term a as well as the fundamentals of the future project.
OMG ready for next wave?OMG has seen a deep retrace (0.786 fibo) after its major bull run (left chart). It already broke out from this retracement and it seems to be in an upwards channel again (upper right). RSI has seen a cross and is going up, and MACD is turning green on the daily.
It already had one nice wave, corrected fully and looks like it is starting the 3rd wave now after some positive news was shared today. The brake-out has also already retraced between 0.50-0.618 but might still reach this area for a potential entry (lower right). A lot of this probably depends on whether or not BTC is keeping its bull run up. But entry here and stop loss below the trendline seems a good option for me.