OmiseGo Full Chart Analysis + AlanMasters TOP Signals Detailed

BINANCE:OMGBTC   OmiseGoChain / Bitcoin
OmiseGo (OMG) Overview

OmiseGO (OMG) is a public Ethereum-based financial technology for use in mainstream digital wallets. OmiseGo enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies. Designed to enable financial inclusion and disrupt existing institutions, access will be made available to everyone via the OmiseGO network and digital wallet framework.Omise, which serves business customers in Japan, Thailand and Indonesia, currently operates an ecommerce platform that lets companies take payments from customers online. It has a full-featured white label payment management platform for these businesses. With OmiseGO, and the OMG token, Omise aims to simplify the barriers to payments by removing the need to own a bank account.

OmiseGo ( OMGBTC ) Chart Analysis

Here we are looking at the chart for OmiseGo ( OMGBTC ) on Binance. We are going to be looking at it from late 2018 until today and focus on the main signals that I look for to find out bottomed out altcoins, or in a potential reversal zone.

It is all pretty simple and easy, and we use the same signals almost always as they work pretty well in general, but we also know about chart patterns, candlestick reading, price action, and so much more...

  • Bullish divergence on the MACD (purple arrow). Notice the price of OMGBTC going lower. Now look at the MACD (the first indicator below the chart) and notice the price moving up... That's it, bullish divergence .
  • MACD Bullish crossover (green circle). On the same indicator, the MACD , notice how the MACD (blue line) crosses up the Signal (orange line), I call this bullish crossover... Most likely it has another name in the books but this one easily gets the message across.
  • RSI hit oversold and is trending up. The last indicator at the bottom is the RSI . When it goes below 25 we call this "oversold". This is a buy signal on its own.
  • Low volume . Volume is still low, this is a bearish signal. You want to see above-average volume when you see a bounce of this type... But this can also mean that volume will come up later and that there is still lots of room left for growth.
  • Break above EMA10. We use EMA10 (green line) as the main resistance/support (depending on where it is sitting compared to the price action). Below EMA10 = Bearish . Above EMA10 = Bullish .

These are some of the basics, you will see these over and over and over. I came up with these by looking at the charts for hours and seeing how the candles and indicators behave, then practiced to see if I made the right conclusions... I made it all up.

In another trade idea, we can take a look at candlestick reading which we also use commonly.

Feel free to leave a comment, follow or like if you enjoyed this content.

Jul 24

Of course not.

You can grow endlessly and to the infinite in pure love and bliss.

Pain is a feeling that can be enjoyed, like everything else...

But like everything else, is also a choice.

Is pain necessary for growth?

Only if you believe that living in suffering is growth.

So no... Pain is not necessary, you can achieve everything you achieve with pain utilizing the feeling of love.

You will receive all the same benefits, plus so much more.

So instead of accepting pain as part of your Soul growth, start loving yourself and see how everything goes.

Jul 25
Comment: Thanks a lot for the support. :)
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Related Ideas

OmiseGo time is come alanmaster
Thanks for the educational content! Always good to read you
+1 Reply
@syncopium, It is my pleasure.

Thanks a lot for the comment.

+1 Reply
Good work, keep it up!
+1 Reply
alanmasters Cryptotrader_123
@Cryptotrader_123, Thanks a lot, appreciated.
Thank you for this. What are the blue and yellow bars on the right? Is that sell/buy action volume and how do you determine how to draw the green arrow that's going up?
+1 Reply
@Beytrader, It is an indicator called VPVR.

The green arrow is for illustration and I draw it based on experience.

Strong coins and going strong together, see charts for similarity.
+2 Reply
@appileh, Thanks a lot, I'll take a look at those.
+1 Reply
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