OMGBTC trade ideas
BTC / OMG Bullish trend On the $OMG chart we can see where we had our slight "DUMP" due to the recent Korea FUD, OMG has been bullish for long and will cary on being bullish, we can see clear signs of reversals and bullish behavior. $OMG is also a solid company that is very active and will continue being heard of constantly.
Updating my previously not-so-defined strategyAs of now, my portfolio is divided more or less randomly in more than 30 different coins. With no good plan. Been just researching coins and when I come across a coin that I find promising, I try to find a cheap point to enter. Haven't had any actual profit targets / exit plans. So mostly I've been exiting too late, often at a point that I should have just holded as I missed the top completely. As for entering, I have many times entered too late aswell. Fortunately I'm better at avoiding that mistake nowadays; If the train has left already, then it has left. Forget about it, and look for the next train. The biggest problem here is that I can't follow so many currency pairs with precision. It cuts my profits.
So here is my revised plan:
I'm going to go over again the fundamentals and roadmaps of all these +30 projects. I will then make a list of 10 of the most promising projects out of these and scrap the rest. I will then invest 2/3 of my total investment capital into these coins in the order that the most solid winner will get the biggest allocation, the 2nd the next.. and the least solid the smallest. The remaining 1/3 I will reserve for day-trading. For this, I don't concern myself so much with fundamentals. I only care for small movements, I'm in and then I'm out. In order to do this well, I will focus on technical analysis and news. For each trade, I will have a plan; an entry point, stop loss and an initial exit point (which can be revised as I follow the movement).
Don't hesitate to tell me what you think about this plan. Is 10 coins too many? Is 2/3 too little or too much? All input is very much appreciated.
OMGBTC technical analysis breakdownToday we breakdown the movement of OMGUSD based of Technical Analysis
I hope you learned something today
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*Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies and crypto currencies can be risky and potentially profitable opportunity for investors. However, before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
$OMG, not looking so hot4 hour chart on OMG shows challenging horizontal movement in OMG. Lackluster supposed "news," and marketing strategy that is a bit suspicious on Jun's end with Omise, teasing it's traders on it's twitter feed as if he is leading mules on with a carrot, give this asset slightly weak fundamentals. MACD and WT approaching sell-off point, in recent days OMG is fluctuating in unexciting levels of resistance and support, within the cloud at most times. If we fail to get past this resistance, then we might see another support level for buy-in at the 1st fib level, 220k to 240k satoshis.
What do u think H&S?? its to early :P OMGBTCWhat do u think H&S?? its to early. will maybe :P OMGBTC
OMG Trading Zonelooks like a #Nice Fluctuation zone has been setteld for #OMG, Longer trades can be opened if btc get stabled Along fundamental catalyst