OMGBTC trade ideas
OMG near demand zoneTwo potential target. Will depend with BTC upcomming fork and the effect on alts market.
Near buy target. Stop loss if break the support.
RSI largely oversold
BTC - whats next? BTC meltdown, rise of altcoins.I expect 3 phase:
1. Run from BTC to Altcoins, watch NEM and OMG, forget about ETH. Maybe 5-7 days, maybe up to 14-21 days.
2. If BTC going to bleed faster, second phase will start, run from Altcoins to USD.
3. Buy the dip phase.
We are at day 0 now. Make your bets.
OMG an inverse cup and handlejust an idea
google trends didnt show anything bullish so I wouldnt fomo jump on this
sold at around 117k SAT and moved it to QTUM
OMGBTC Inverse Cup & Handle FormationOMG is still following the newly established upward trend. However a slight market correction has been reached and has now formed an Inverted Cup & Handle Formation. After this short correction I believe we will continue to see a bullish run with OMG. Watch for breakout once the main line of Resistance is broken. As stated before always use a trailing stop-loss to lock in profits!
Be smart and good luck!
$OMG - Pennant formation$OMG has a defined pennant being formed after yesterday's ride up. Look for breakout soon.
Bitcoin Fork Cancelled, Alts Explode, Is Forking Antiquated?Quick update: The planned hard fork of Bitcoin into an "upgraded" 2mb block version was publicly called off 8 days before it's execution time resulting in an extremely volatile reaction in the market for Bitcoin and a myriad of alt coins (alternative crypto currencies to Bitcoin). BTC first skyrocketing first from $7,200 to $7,900 and falling quickly where it is now at around $7,000, and alts quickly saw massive rises as the planned exodus out of Bitcoin and back into alts took place over a week early. Over the last month or so, a large amount of investors left their alt coin positions and piled into Bitcoin in order to receive the fork, but since it was called off, the dumping came early as everyone scrambled to regain their positions in cheap alts. With it, we saw 30%, 40%, 50% and even 90% price increases of popular alt coins within a matter of minutes and hours. Top bread-winners include: WALTON, OMISEGO, IOTA, NEO, SALT, VERTCOIN, ARK, LISK, SMARTCASH, STELLAR LUMENS, POPULOUS) As it stands, the fork has been called off, yet, there are still a large percentage of miners who are still signaling support for it. It may be that they are slow to remove their signaling and have no plans to go forward... We will need to keep a very close eye on this. I still fully expect Bitcoin's price to take a breather, as we saw it blast to all time high after all time high, and it is very far extended over all of its recent moving averages. What to keep an eye out for: In the next 30 days or so we should see a low put in for Bitcoin, as the focus is now on the alt market, in which case it would be advantageous to reposition in to ride the BTC rocket back up. With the CMEgroup adding BTC futures and mainstream adoption still chugging along, institutional money is soon to follow. Alt coins will continue to do well with various pumps and pull backs. It may be a great idea to get into these new, big-potential cryptos as they are still very early on and could produce wild gains as they release in 2018 (Tezos, EOS). Both of which are designed to avoid hard forks altogether by bringing self-governance and democracy to the chain. Bitcoin Cash is starting to appear like a clear winner in all of this, with its already 8mb block size, the recent fork of Bitcoin is already fast, already cheap to transact with and with no other competing big-block chain of BTC, may steadily increase or explode in value as it becomes inevitable that legacy BTC just cannot match the capabilities. We shall see. As always, buy the dips and hold good coins.
OMGBTC Facing Important ResistanceIn order for this breakout to MOON we need to see OMG Cross this resistance. Volume still really low comparatively so use caution. I think BTC still has some legs left.
omg byu ideathe price formed support at the level of 0.00085-0.00095 BTC. According to Fibonacci this level is 0.236 and it is a good point for opening deals. The RSI Oscillator is in the oversold zone, and MACD is preparing to go up, it tells me that the price will go up.
To avoid a false signal, I recommend making purchases at the level of 0.001. To expose a stop-loss, and also to close deals in parts.
Buy 0.001
Target 0.0013-0.00165-0.002
Stop-loss 0.00077
OMGBTC Breakout - To the moon?After confirmed reversal head-and-shoulder formation we may now judge if the reversal will hold true. Should it break the current resistance trend line it is an indication that the trend has in fact reversed.
CCI is indicating the trend reversal. MACD is showing support is in control and RSI agrees the movement as upwards.
This is a great buying opportunity as the sky is the limit on what happens next. However, use proper discretion and use a trailing stop if you decide to trade this plan as it is needed to lock in profits.
GL Trading!
OMGBTC BreakoutThe long awaited OMG breakout from channel. Place stoploss at upper trend line. If it breaks below this level then trade is off.
OMG exponential potentialWith OMG shooting up to over the 1 billion dollar mark for market cap, there is no doubt that it will be back. The market cap is sitting right under 650 million. Cliff High has predicted this to be a coin that will have somewhere up towards 30,000% returns. Sounds ridiculous. Ive got my bag though.
OMGBTC POLO - Setting up a reverse head and shoulders. OMG is setting up a nice head and shoulders and bottom.
Look for support and resistance on the way up.
With the Poloniex chart there is limited data as OMG was recently added. Nice nug! See if it can add another on right side.
OMG - After SX2 & Into Beginning of 2018 Trying to understand OMG/BTC in relation to BTC/USD & and OMG/USD. The TA focuses on trading in BTC but examining the charts against their USD pairs was necessary to properly analyze the BTC charts.
Some key points I was able to make out:
1. OMG is still a fairly new crypto, only trading for 4 months as of writing and only taking about 21/2 months to break over 1 bil market cap.
2. The team/company (Omise Co.) is very reputable in SEA and there is backing/advising from very reputable people in the crypto space, with that said OMG has no actual product as of writing. (It would be hard to see a market cap greater then 2 bil + with no viable product to show for)
3. OMG is expected to launch the OMG SDK wallet prototype for developers in Q4 2017, currently we are in Q4 2017.
4. OMG is first to market for the solution they are targeting.
Some technical points I noticed:
1. Yearly RSI on OMG/BTC not only looks to be oversold and but RSI on a yearly looks ready to make a reversal from a long slow downtrend back into an uptrend
2. Yearly RSI on BTC/USD looks to be very overbought and Bitcoins bull run looks to be coming to an end, since this was a big bull run for bitcoin we could see a pretty big pull back before bitcoin starts its next bull run. (this could also help bring OMG/BTC price upwards just like it brought it down with BTC was on its bull run)
3. Yearly RSI on OMG/USD is also oversold (not as much as OMG/BTC) but both show signs of a reversal and OMG looks ready to break out from its downward wedge
4. MACD on OMG/BTC & OMG/USD look ready to cross but not quite there, this is because of upcoming SX2 fork in my opinion, I think we will see the cross over after the SX2 fork
5. MACD on BTC/USD looks ready to cross also, but MACD on bitcoin also signals that bitcoin just finished a bigger bull run that usual, which again will result in a bigger correction.
6. TA shows OMG to be entering new time based fib wave cycle
Until SX2 fork I don't think we will see any major gains or ATH from any altcoins in the top 20, after the fork I think OMG will have a reversal and set into an uptrend (just like most alts). Since OMG has no viable product and since we are starting to see institutional investors enter the market with big pockets I find it hard from a fundamental view to see OMG being valued higher than 1 Bill and I don't think we will see an ATH from OMG/BTC until we can see some sort of product or have more details reassuring the project is making significant progress in relation to the roadmap but when investors get word of a working product I think we will see OMG boost to a new ATH. Hoping to get some likes (super close to being able to actually chat!) and also any constructive criticism is greatly appreciated. Thanks!
Ascending triangle and crossing EMA 200, huge push potential! keep an eye on thes coin, if its pushing through ema 200, its a strng buy signal in my opinion :)
Time for AltcoinsBITFINEX:OMGBTC
As I described before, now Bitcoin price starts to fall since some speculators want to close their positions as BTC shows some reversal signals. This is my favorite crypto pair and I only believe on Fibonacci analysis so maybe you guys will find out that my system is very simple.
OMG has failed to break the 0.786 level as indicated in the daily chart, so now is the time for us to think about bullish. But it's still unclear as the main down trend line wasnt broke, and also as my analysis about BTC still keep a possibility that BTC price can reach 8000$ (Fibo 2.618 level based on the last correction wave).
Next, on 2h chart, I continue to use Fibo as my basement. The price is waiting to break the 0.5 fibo level (0.0009), so let see what happen next, but my thought is that it's good point to go long now.
Thoughts on $OMG$OMG is hanging on the strong fib .786 support. If it can break out of the orange downtrend line we might see a bounce to retest the red downtrend line.
OMG 3 possible scenarios1. OMG stays in blue channel, first resistance at 96k, if it breaks expect movement to around 100k
2. Blue channel can't hold it, expect hovering around upper line of red channel
3. Movement in yellow channel related to other factors, BTC price drop/raise, OMG news release etc...
Good time to entrance long but still need more confirmations BITFINEX:OMGBTC
Bitcoin shows some tired bull signal so now is time for altcoins. OMG price has broken the first resistance level (0.00094) so next target will be the second (0.00107). Once the price breaks the trend line, the bull signal will be confirmed.
