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OMGBTC

OMG/USD - time for correction, how deep is the question?OMG has seen a large run up in the lat month and needs to correct. The general trend seems to have topped out with 200 EMA trending downwards and price below it. BTC Gold is coming Oct 25 alts will be sold into BTC so people can get their free BTC Gold. If BTC falls below $3000 we can see OMG price hit the major demand zone in the next 4 - 6 weeks. If BTC manages to consolidate through hard forks then the mid range support will be more likely, even then big corrections are not uncommon even for big cap alt coins (NEO & STRAT come to mind). In the longterm I see this coin being a great longterm gainer. In December there will be fundamental news for OMG. Thanks for the read. Trade at your own risk, this is not financial advise.
BITFINEX:OMGUSDShort
by Maximilian108
7
OMG/BTC Critical PointFrom the 1 Day OMG/BTC chart on Bittrex we can see a clear falling wedge finishing off what would appear to be the right shoulder of the inverse sort (bullish). Where the falling wedge meets support is an area of critical support .00214-.00215. OMG is oversold on the 1Day chart according to the Stoch Rsi and appears to be making a move to neutral. Should test of this support fail, we see a regression towards the main trend line. Although this is the main trend line, we do not see solid support here and it will have to be developed, potentially indicative of a period of sideways movement until more support/news comes our way. Happy trading and please let me know your thoughts. Ross Falling Wedge - Dark Green Main support - Salmon Dotted Line Trend lines - Blue
by evanrosshackler
4
OMG Crown Reversal: Wave 2 Consolidation or Deep Correction?Chart data shows us we should anticipate long AND short price action in the OMGUSD pair. Previous threads show we should look for a nearest-term downside movement, followed by a break to the upside manifesting in a structural wave 3. Alternatively, we could see a breach in a key fibo level to initiate a deeper correction. It is important to keep in mind that price action in the OMGUSD pair can be anticipated by observing the OMGBTC and BTCUSD charts as well. Please note: The investment strategy here contains both short and long opportunities :)
BITFINEX:OMGUSD
by Trader6127
OMGUSD BUY @ $8.5OMGUSD has been one of our favorite long term coin we are investing. We compared it to stock as one of the blue chips. Buy zone at $8.5 a piece, as far as technical is concern ,this is self explanatory check on our chart the reason for possible entries. If you're a long term trader buy @ $8.5 and hold till retest around $14. If short term trader you can cutloss following our illustration. We post daily crypto analysis specially for undervalued coin. You may wanna follow us and take advantage of our calls. Most of them are called private. so check our profile shout out for you to join. *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.
BITTREX:OMGUSDLong
by SmarterFxCapital
8
OmiseGO correcting, then ready for the next run!OMG has proven to be an AAA cryptocurrency since the very beginning. Strong fundamentals, real use-case, great team behind it. The price couldn't do anything but keep growing. Now for the first time, we're witnessing a correction. Corrections on AAA coins are great buy opportunities, the old wise man said. So, I'm ready to jump on OMG if it bounces the dynamic support in the 170-180k sats zone with an oversold RSI, with 3 targets in my mind: Bronze: 210k sats Silver: 255k sats Gold: 290k sats Don't tell anyone, but if BTC scenario gets less confusing (= it consolidates or starts another slow rise), I'll go for the gold!! Happy trading everyone!
by lukescream
1
OMGBTC technical analysis breakdownToday we breakdown the movement of OMGUSD based of Technical Analysis I hope you learned something today Follow me and get more of this kind from time to time. *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.
by SmarterFxCapital
2
OMG Bullish Trading RangeThis asset has held up very well over the last few turbulent weeks. If we take a look at the chart data, we can see the trading range is quite defined and its clear where institutional accumulation is taking place. What we want to do now is look for bullish divergence to the upside, and get involved once we see a change in market structure. OR, we can get a little riskier (which comes with more reward) by getting involved if we spring test the bottom trading range again. One of the most interesting things taking place on this chart is the declining supply (volume) evident over the last couple days. I take this as evidence of impending markup, which is usually followed by increasing volume at the break-out to keep gains in check. As for the USD value of this asset, please see my OMGUSD posts. The pattern is different, but there is also a clear trading range in that chart. However, the USD value of OMG is dependent on what occurs in the BTCUSD chart, so its important to keep the latter pair in mind.
Long
by Trader6127
4