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OMGBTC

Christmas in July - OmiseGOWell, August. But what a show it has been, the last year has been awesome and I loved every second of it. Its easy to enjoy all of this when you have a stack you believe in (hardly look at) and just trade for the fun of it. I love getting rekt as much as I love getting gains. A good entry or a well placed fib is amazingly rewarding and I just love the charting aspect of crypto, the games behind the curtains and simply watching the market move. Anyway, this chart right here is another screaming buy that seems to can only turn out badly when this entire market fails and I just don't see that happen. It has corrected quite a while with all kind of drops but this is the first real double bottom that has formed on the way down. And OMG already did a cupping correction 5 times before so I can see this one work out similar and then maybe, just maybe, OMG will go up some more First target is quite modest; 0.000949 Second target is 0.001749 and 0.002049 all the way up to 0.002649. Full bull brings me to 0.003249 and 0.005249. But that is a long time away. I'm happy when I exit at a very reasonable 0.000949 because this entire market still is shaky. Still a good entry, exactly on the 0.114 fib (A fib that has worked out more than not). And there's some bullish RSI that lines up with the cup, but this would never be my main buysignal. The 0.114 is everything to me Cheers and good luck, keep stacking
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by iera
1
Alt coin season is here! Hello Traders, After the Bitcoin crash since yesterday, I strongly believe that alt coin is coming now! Majority of alt coins are oversold and Bitcoin is also oversold. When both alt coin and bitcoin are oversold, that means alt coin is extremely cheap and it is a great time to BUY! So here are the list of alt coin that I like based on the technical analysis: TRON: Tron is holding very well at key support (380 Satoshi). There is a potential double bottom formation, and we can expect 40% profit in next few months! Cardano: Went slightly below the key resistance, but I see a great potential in the last quarter of this year. The good entry is when cardano goes above 1900 Satoshi. EOS: This will be a short-term trade. I see potential elliot wave here and there will be corrective wave 4 coming. Quick 30-40% profit in next 40 days. ICON: Icon is a great project and it has been in oversold region for a month now. There will be huge resistance at 2300 Satoshi, but we can expect 80-90% profit here. OMG: Same as Icon. Potential 56% profit. Target 1155 Satoshi. NEO: Neo is currently at key support level. Potential 68% profit here. However, my bullish will be invalidated if it goes below 35000 Satoshi. Wabi: Such a great project. China definitely needs project like Wabi in order to combat the counterfeit problem. Potential 500% profit long term. Storj: long term trade. Potential 100% profit here. Unique cloud storage project. The list goes on and on, but essentially what I want to say here is that it's time to buy alt coins!! Happy trading!
by x45lu
4
Cypher Pattern - OMGBTC PairI have never really traded harmonics before, however this OMG pattern looked so much like the patterns I had seen presented by youtubers etc, that I went looking for what pattern I was seeing. I landed on the Cypher Pattern. So according to a few google searches and this site - www.fxdayjob.com The potential upside on this trade us substantial if what I have understood is correct. Entry from below 76k sats Take profit 1 - 135k sats (approx 80% ROI) Take Profit 2 / Close trade - 172k Sats (approx 130%) No idea how effective this harmonic thing will be or if I have even understood how to chart them :) Only one way to find out. :)
Long
by gummybadger
Is OmiseGo ready to blow?!OmiseGo has been on my radar for some time, but how low can we go? We have been in a downward channel tend for some time, currently sitting on a historic resistance, will we see a bounce off that at 0.000801 Quite possibly.. The next stop is 0.000453 and an ATL OMG is a well respected token with some big news in the not so distant future, that is.. 1. the COSMOS hardspoon, (new staking token for holders on cosmos DEx) (they will give a 2 week warning, I'd expect a very positive price action in this time) tokens will be removed from exchanges into wallets - demand will increase - ^price goes^ 2. plasma release and staking (scaling payments on the ethereum chain) Potentially in Q3 but who knows RSI has been oversold for 2 weeks It seems people are forgetting about the huge potential this token holds as OMG don't shill us with their twitter and get on with their stuff. Long term its looking like a pretty tidy buy right now, short term its hard to say where we can go the time to buy is when there's blood in the streets? The question is how much blood will we see before this trend reverses Let me know what you think+
Long
by sddals
OmiseGo heading to all time lows! Strong bearish trendOMG just like most alts is crashing ling hell. One of the best cryptos on the market is going to hit all time lows again. On the chart the bearish trend is very strong. We notice a M pattern forming which might be hitting the supports soon. A bounce should take us to previous broken base at 115000. Shorting is possible here and for the long we recommend a Stoploss right below the second support line at 43000. Comments welcome.
Short
by AlphaTradeZone
2
OMG - Nearing historic key support line - Great buyLooking at the daily chart for OMG, we can see that the price has been consolidating since its meteoric rise in Aug/Sept of last year. At the moment, it is approaching a key support line (white) from which it bounced off of in December. This support acted as the steadfast catalyst it needed to start its next run up. Could it happen again here? We'll see. We can see falling price action has led to a new low on the RSI at 21, however there is solid support on daily MACD, which may indicate higher prices to come. The price action currently finds itself in a falling wedge and is getting tighter and tighter. Of course this is all indicative on Bitcoin, so watch for the bounce. It maybe the bottom a its next big run.
by jpbrown1023
2
$OMG, Trend Confirmation…. Weekly Looking at our trend timeframe we see price is currently testing our weekly trendline, stochastic rsi showing momentum has nearly bottomed out and we should start seeing reversal candles form on our smaller timeframes. Daily Shifting over to our pattern timeframe we see price respecting our descending wedge pattern, stochastic rsi showing possible lower high forming. A daily close above our wedge and we should expect OMG to run, however if we close below 105500 expect OMG to continue to our 60000 support level. 4Hour Finally looking over at our trigger timeframe we see price has been consolidating between 108750 and 106300, a 4hour close above/below either of these levels indicates our next direction. Stochastic RSI showing momentum is starting to head towards the upside.
Long
by UnknownUnicorn2434649
OMGBTC UPDATEOMG rejected the previous double bottom at the weekly support around 114585. Now has dropped with btc to a 4 hr support and formed another double bottom on the 4 hr time frame. a nice bounce off support has now happened although there is a weekly trend line just above which may act as resistance. I will be waiting for it to make a move either up or down from here. If the trend line is respected and it heads back down I will be looking for this support to hold again and an entry off it with a bullish engulfing candle. If the trend line is broken here price will move into an area between the weekly trend line and a weekly resistance. Forming almost an ascending triangle. If this plays out i will look for an entry when it is pushed into the corner pending BTCs movements.
Long
by JB110011
OMG is ready to make an entranceAs we can see, OMG has been stuck in a falling wedge and seems to me like an ABCDE correction. Rules of ABCDE correction dictate that there's a high probability of a breakout at termination point of Wave D. Lets not forget that there are not one, but two airdrops incoming for OMG in the near future. In short: We have Technical and Fundamental evidence to support a long position. While all other coins have rallied OMG has been coiling up in this wedge. Now the Viper is ready to strike. If we get a breakout the first target would be the highest point of the wedge for OMGBTC. Whereas OMGUSD should rally far more. Godspeed ___________________________________________________________________________________________________________________________ I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.
BITFINEX:OMGUSDLong
by ShounakShetty
3