OMGBTC trade ideas
OMG - This Bear Is Done HibernatingTaking a look at the daily chart for OMG, I feel January is going to be a very good month. It has been in bear mode since April. However itis coming to the end of its wedge pattern and the MACD is approaching the zero line again. If it crosses after all this time, I expect lots of FOMO. Get ready now. It won't be this cheap for long.
BTC-OMG OmiseGO - Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10
Date : Since 2017 ( 3 / 10 )
Volume 24 H : 4000 BTC ( 5 / 10 )
Available Markets* ( 8 / 10 )
Social Media Rate ( 7 / 10 )
Ranks **24 ( 9 / 10 )
Website ( 7 / 10 )
Type The OMG network is a scaling solution for finance on Ethereum
Overall ( 6 /10 )
One of my biggest bags is OMG. I have been accumulating since 60,000 satoshi and around $5. As long as it gets some volume the sky will be the limit for OMG.
It has listed on so many exchanges. It is hard to die at this bear market,
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points
OMG - A long-term look at OMGA long-term possibility for OMG. The daily MACD is starting to curve at support and is coming to the end of its pennant pattern. A break to the upside would also be a break above the zero line, both bullish indicators. This could give us the potential to make an inverse head and shoulders pattern if the price could hit the neckline. Now, clearly this is all speculative trying to predict the price action for the next year and Bitcoin will certainly play a big role in OMG's performance, but I think a breakout beyond the triangles would be very bullish and could push the price up to the neckline. If it takes more time as indicated by the red arrow, the IHS could still be valid.
$OMG Sitting On Daily Support $OMG has been riding this daily support level for a while now. Looks like a good place to start building a long position. Green box represents buy zone. Good R/R. Will update position accordingly.
Average Entry: ~.000500
Stop Loss: ~.00381
First Target Price: ~.0019
Final Target Price: ~.00129
Risk/Reward Ratio: ~5.6
OMGBTC good signal to buy chart No1Technicals only
I think market didn't move after it bounced second time from the 50000 area. Wick of the candle touched support created by bodies of candles year ago.
Double bottom is spread which gives bigger chance that the rebound will be stronger. It is still good time to enter market as the risk is very low. Also 50000 is working as psychological support/resistance area.
I set TP around 90000 or if the pair touch 200 Ema then trade should be automatically closed unless you are expecting massive movement.
SL around 45000.
The CRYPTO Calculator - Analysis #45Although many trades could be taken based on the underlying math of ‘The Calculator’, my own (conservative) trading rules say that it’s NOT about the quantity of trades. It’s about the QUALITY of the trade. I call it ‘predictable probability’.
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With all that being said, I am NOT a professional trader. I DO NOT provide investment advice. This content and the data provided in the indicator is based on my live and simulated, personal observations and is intended for educational purposes ONLY. YOU are responsible for ALL your trading decisions and ALL subsequent tax ramifications. Past performance DOES NOT guarantee future results.