OMGBTC trade ideas
OMG Thomas DeMark Trend lines Short sell targetOMGBTC
-4H CHART
-Technic for getting target when trend lines break using Modern school of economic
-Using the 2 most recent lows
-Couldn't use first candle as it was missed but the second candle will have to do.
-3:1 Risk to reward
-11.33% expected gain.
P.S Mostly Educational
Good luck!
[BUY SIGNAL - 15:1 RISK REWARD ] OmiseGO/BTC Ascending TriangleThe pattern is formed backed by a strong up trend(short, middle and long term), plus the rumors about china ban are being "cleansed" and the whole market is stabilizing and ready to go back to it's strong up trend. Also the ATR shows a good chance of a sudden and strong movement - so a good risk:reward can be achieved in a rather safe trade judging on how loose you go in your buy zone.
$OMG making a correction before further upPrevious set up hit the target in that spike.
Looks to me that OMG is making a correction after this push up which seems to be caused by a photo 4 people standing in front of a Google-logo ;-)
I saw a bearish divergence on MACD which makes me think, it might retrace towards the blue box.
On biffer TF I'm expecting more up, maybe next pump is a picture in front of American Express office, or whatever :-)
I'm kidding a bit, I think OMG has big potential.
Tradingadvice: follow pricemovement, if it breaks the trendline with a big bullish candle, we already have the breakout for up, otherwise let it fall back to the blue box and look if it bounces in that area.