TradingView
crypt0whale
Sep 6, 2017 4:56 AM

OMGBTC wave 5 off elliot wave cycle after ABC correction Long

OmiseGo / BitcoinBitfinex

Description

First and foremost, it's too late to chase it!!!

-Prime entries were points 2 and 4 on second set of elliot waves in purple.
- Fibonacci levels are respected and projected here in this analysis.
-Stoch RSI is turn up.
-OMG has a great presence in the market.

Do not be suprised to see this coin rally for new highs.

I keep it simple. Let's see how my analysis pans out.

Trade closed: target reached

If you played this trade with me you should be in profit... remember to move up your stop loss to lock in guaranteed profits.

Follow me for future charts and ideas!
Comments
perx
Close, close nice one!
janor123
I entered OMG between 0.0024-0.0027, debating whether to sell some now for NEO, or hold for some gains OMG value before selling for NEO. My dilemma is that, let's assume (best case) OMG rises: if I sell OMG for BTC now, I'll possibly make less BTC than if I sell later. However, the price of NEO is also cheaper now compared to what it will be later. So how would you go about making a decision like that?
crypt0whale
@janor123, Enter NEO below 500K
Supercell
On the 30 min chart looks like a rising wedge, would be very cautious here.
Wilddog
excellent thank you mate thats great , i,m on it and sitting now , its following your chart near exactly , this is great mate i really appreciate it
crypt0whale
@Wilddog, Thank you!
perx
@Incarnation, DANG :-)
crypt0whale
@perx, :) Press play
crypt0whale
@Incarnation, Thanks for sharing. I am just getting back into charting, however, I think my analysis will still prevail here. Let's wait and see.
More