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OMGBTC

OmiseGo what direction does you choose?After a prolonged fall, OMG reached the global support zone on which it resisted and formed a double bottom. Now we see the movement up the ascending channel, as well as the figure of the wedge. At the moment we can expect a correction to the movement to 0.786 Fibo level with the subsequent increase to the upper border of the wedge 0.618 level of Fibo. When it breaks through, the line of global resistance will also be broken, if it is not pierced, that is, the option to go down again to the level of global support.
by talktocrypto
$OMG, Damn… Weekly Looking at our trend timeframe we see price continuing it’s downtrend, stochastic rsi showing momentum in favor of bears with no signs of slowing down. Support found at 52000, last time we were at this price was back in December of 2017. Last time we were at this price we saw a jump from 52000 up to 200000, will OMG behave the same? Daily Shifting over to our pattern timeframe we see price has formed an inverse head and shoulders on our daily, stochastic rsi showing momentum in favor of bulls. A daily close above 54700 activates our trade and we should see a push up towards 70000, if rejected at this level expect our sell off to continue towards 20000
Long
by UnknownUnicorn2434649
[OMGBTC] OmiseGO Before Reversal [350% - 500% PP]OmiseGO (OMGBTC) has finally hit December's low, the same pattern we've been seeing for most of the altcoins before they take off. A strong bounce after reaching a new low or reaching the lowest point before last year's bull run. A bottom isn't confirmed until an asset breakouts and starts a new trend, but we have several indicators and early signals that can help us spot the bottom before the breakout, let's take a quick a look at those for our learning and entertainment. For OMGBTC, we look at the weekly chart, please follow me:  Let's start with the general chart structure. We have the top peak reached around April 2017, after which starts the decline. What I want you to notice here is how the candles start to form a curve. First the price starts to drop hard and then it starts curving. Looking at the far right of the chart, you can see the negative 9 count on the TD sequential, ending with a "Hammer candlestick", which is a bullish reversal candle when it shows up at the bottom of a trend. You can also notice the #1 and #2 candles, the last two candles on the chart, which are Dojis, reversal candles. Supported by above average green volume, the highest volume since April. * These are signals that can point to an upcoming change of trend. You can also see the MACD curving, which is the first indicator from top to bottom. The blue line is forming a curve... Same with RSI and STOCH which are now oversold. You will be able to see these better on the daily time frame chart below. If by any chance these signals do not develop completely and send OMGBTC price where we want, we have a stop loss. And this protects us if the trade goes wrong. Trades can be good or bad, it is for the market to decide. Our job is to spot the signals and make sure to buy low. Wait... patience, and then sell when we hit our goal. Let's continue with our trade... Here is also the daily chart, you can see how the different signals coming from the MACD, RSI, Chart structure, etc., I mention above, are more developed. Note: we are looking at these for our learning of course, after reading this a few times, you will be able to learn the basics and make your own calls. Now the chart:  Let's be more specific on some of these: Look at the MACD. It is already almost on the bullish side. Yet, OMGBTC price is still hovering around its bottom. This is a bullish development and what we call bullish divergence. The RSI is already out of the oversold line and moving up and the STOCH is going bullish after a huge jump. The Fibonacci tool I use to determine our targets (resistance) and support. Now... Let's trade! Trade instructions for Alan Masters Trades PREMIUM supporters Buy in: 0.000520 - 0.000565 Targets for OMGBTC by Alan Masters (1) 0.000633 (2) 0.000771 (3) 0.000945 Note: More targets might be shared in the future. Stop loss: Close weekly candle below 0.000479. CHANGE ALWAYS COMES UNEXPECTEDLY We run from change. Change tends to be hard. When it comes to us we look at it, and we want to run really far, why is that? When change comes, it is time to experience and adapt. This time around change came unexpectedly, this change is good news, we are changing to become more positive. So change for you and me doesn't have to be bad or hard, let's learn from everything that we experience and continue to be grateful for all that we have. Namaste.
OLong
by AlanSantana
15
Good place to DCAI am really finding it hard to be bearish on alts. Heres a couple of reasons why, for OMG at least. 1) Weekly support, also bullish OB from literally OMG's inception. 2) 3D support. 3) Daily support. 4) Why are selling support? 5) no really, why are you selling support. Jokes aside. I don't really have more to add other than this is support. I'm buying all the way down to 0.00038 We're also, what I call "bowling out", a pattern that literally happens every single time a massively crazy move happens. You could say its accumulation :) Also notice the coiling and simple bullish divs on the 3D RSI, being squeezed between the 9MA and 45 EMA. My other oscillators are also showing bullish signs (on larger timeframes, which would be quite significant), (maybe I'll go into detail how I use them in the future). Targets are marked on the chart. We are still in a bear trend, So make sure to take periodic profits. Personally I'll be taking profits at: 1) 0.00115, weekly breaker and 3D bearish OB 2) 0.0014, 3D bearish OB 3) 0.0019, Weekly resistance (thought in all honesty if we get this fair we're probably really bullish) DYOR. This is purely from a TA point of view. If Omise shits the bed, all of the above goes right out the window. Had a quick suss on the Dollar chart on OMG and it still may have a ways to go down. This might not be the definite bottom, but it's definitely a good time to be dollar cost averaging.
Long
by EnZo
OMGBTC Bounce from the bottom of descending channel OMG price has been decreasing for about 3 months already. Each time the price touches the bottom of the channel it bounces back to its top. We have been waiting for so long to enter this position in such positive moment. RSI, HMA and Williams percentage range are in buy state. We recommend this coin for medium term, the risk is medium too. Free target is drawn at the chart it is situated where the price intersects with Ichimoku clouds zone. Up from the moment it enters the red cloud there should be implemented a swing trade strategy till consolidation happens and the price will move higher. Necessary updates to earn as much profit as possible will be posted in the Premium channel
OLong
by Skyrexio
OMGBTC Bullish XABCDOMG is a coin with great fundamentals its price went dip due to overall market capitalization decrease. The price bounced however an uptrend was broken and the price found a new support forming bullish XABCD pattern. Indicators become bullish which enhances the probability of this scenario. We expect a gradual rise which will finish the pattern and then corrective consolidation. We will reenter this position when it finishes. Updates will be provided in the Premium channel
OLong
by Skyrexio
OmiseGo (OMG) Shows Some Strenght After The Throwback!After the drop OmiseGo' shows us a pretty solid price action from the strong support and currently we are starting to fight with the round number ($4) and with the trendlines which are pulled from the 4h chart. The bounce came from the trendline which is pulled from the bottom (2018 low) and second touch 23.08. This trendline holds us almost perfectly! On the trendline area, we got after the drop a very nice candlestick pattern which is "Hammer" and doji after doji which also indicates that the trend may turn around. Also, we have a nice harmonic pattern called "Cypher" which matches exactly with the trendline! So, if the Bitcoin' starts to show us some bullish signs then we can be almost certain than OMG' starts to make higher highs! Hopefully, this quick overview helps You out a little bit to confirm Your own analysis! Please, don't forget to LIKE! Thank You for your support! Have a nice day!
BITFINEX:OMGUSD
by VaidoVeek
2