Comparison between OMG first run and ADA run
Hello guys.
I was interested in the shorter picture, now I'm looking at the larger one. We're obviously still correcting in the alts markets and any signal now is a fake breakout and we got burned trying to trade some. Thus most traders aren't signaling anymore till this fiasco is over.
I did a comparison between the Omise Go first run and the current ADA run, why ? Because both of these projects shared two things :
- Incredible hype and a whitepaper with a promising project
- No product
Last OMG's downtrend dropped to the 1.1272 line compared to ADA which I believe will do the same. That would be a correction towards a very magical Fibonacci number.
Best action to do right now is to keep in Bitcoin. Don't get mad that you didn''t sell. I sold at 11700, but I bought back at 10800, then it dropped to 9500. There's just too much at stake when you are bullish on something, so don't worry about USD value, and worry about long term.
I was interested in the shorter picture, now I'm looking at the larger one. We're obviously still correcting in the alts markets and any signal now is a fake breakout and we got burned trying to trade some. Thus most traders aren't signaling anymore till this fiasco is over.
I did a comparison between the Omise Go first run and the current ADA run, why ? Because both of these projects shared two things :
- Incredible hype and a whitepaper with a promising project
- No product
Last OMG's downtrend dropped to the 1.1272 line compared to ADA which I believe will do the same. That would be a correction towards a very magical Fibonacci number.
Best action to do right now is to keep in Bitcoin. Don't get mad that you didn''t sell. I sold at 11700, but I bought back at 10800, then it dropped to 9500. There's just too much at stake when you are bullish on something, so don't worry about USD value, and worry about long term.
Comment:
Bare in mind that a buy right now is not that bad if you don't care about seeing your money go down a bit. This thing will go up and blow up hard, so at this zone, this is a good buy. But it's not the bottom
Comment:
Confirmed
Comment:
It took a detour, but it's heading there !
Comment:
Target hit. Downtrend is over