alanmasters
Long

OmiseGo Prints Bullish Divergence [OMGBTC](52% PP)

BINANCE:OMGBTC   OmiseGO / Bitcoin
OmiseGo ( OMGBTC ) is one of those big altcoins that tend to produce big trading volume on a daily basis.

Right now, OmiseGo is sitting at number 32 on the list of Top Altcoins by Market Cap.

This list is available on CoinMarketCap and now lists over 2116 cryptocurrencies. Less than two years ago it was below 1,000... The market is growing FAST!

Now, back to OMGBTC ... Let's take a look at the chart:

  • We can see that support was broken, purple line sitting at 0.000352, but the price quickly bounced up after that.
  • We have increasing overall volume .
  • A break above EMA10.
  • And bullish divergence showing up on the MACD and RSI .
  • These signals can support a nice set up for a trade.
  • REALLY IMPORTANT: These signals are good and can be strong, but know that the market still moves on its own. So the signals can confirm and this become a profitable trade, but they can also breakdown and a loss can be generated from this trade.
  • So it is a good set up, but still there is risk involved.
  • Please keep this in mind, before you put your money into any coin.
    Thanks a lot for reading... Here is your trade:


    Trade: OmiseGO

    Buy in: 0.000350 - 0.000370

    Targets:

    (1) 0.000430
    (2) 0.000450
    (3) 0.000470
    (4) 0.000550

    Stop loss: Close weekly candle below 0.000320.

    Capital allocation: <10%.


    FROM CALM TO LOVE (MEDITATION)

    It can become relaxing all of a sudden... From rush to peace.
    You can go from disorder all around, to learning to breathe.

    Patience is a tool that you can use to help you win.
    Patience is a tool that you can use to help you grow.

    With patience, you can reach the feeling of calm.
    With calmness, you can encounter an eternal moment of love.

    That's how meditation works...

    You start breathing deeply, and you end up going from calmness to love.

    Namaste.
Comment: Buy in: 0.000360

Targets:

(1) 0.000430 -Reached 14-Mar. (+19%)
(2) 0.000450 -Next target.
(3) 0.000470
(4) 0.000550
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The jan 28 weekly candle close was .000318 and the stop loss was .00032. How come you were not stopped out then?
Thanks!
Reply
Ahh, I had to read your warning a few times to realise the intention aka meaming.

This trade seems really strong but you wanted to point out nothing is 100%.

Even with the most bullish signs the bears can win so to say.

OMG is a strong alt coin with huge baking/hype. Those like TRON we like to trade with a big profit most of the time because the bulls are so strong with them. They are time and battle tested and proven solid. ( compared to the rest of the alt coins )

They wont drop more than the market at worst and they always swing back up.
Reply
AndersBitcoinSorensen AndersBitcoinSorensen
@AndersBitcoinSorensen, I want to add one thing. It is a strong coin yes, but the upside vs the down side. I see why Alan wrote what he wrote. At best you win 50% at worst you lose 20%. Then 180% vs 20% is a better trade upside vs downside wise.
+1 Reply
alanmasters AndersBitcoinSorensen
@AndersBitcoinSorensen, Thanks a lot for sharing.
Reply
Nice thank you Alan. Your 1&2 targets are generally very succussfull and accurate but 3rd and 4th targets did not occur. Recent samples are XVG and SNT
Reply
Zenter Zenter
@Zenter, is this way more profitable like when we hit the 2nd target in SNT or XVG, sell it and invest any Coin which did not rise recently like OMG
Reply
@Zenter, There are many different strategies, and which one you use really depends on you and your trading style and needs.
Reply
@Zenter, These trades are still active, in profits (money UP after buying in) and running... It takes time... PATIENCE as I always say.

Namaste.
+2 Reply
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