Zebre_Trader

The most obvious trade you can make

Long
Zebre_Trader Updated   
BITTREX:OMGBTC   OMG Network / Bitcoin
Hello guys,

OMG is the only coin that hasn't rallied yet, and for a very good reason. It was a whitepaper coin with nothing concrete. The game has changed now, OMG is working on becoming one of the biggest crypto currency in Asia.
Now, more than ever, I am very convinced about it going up really high.

Fundamental news :

- A fork is incoming. They call it "hardspoon", but basically, OMG holders will be airdropped 1/1 ratio a cosmos coin. We have seen the effect of such forks on lesser impactful coins such as zclassic and ethereum classic. We have seen the effect on NEO/Ontology, and Monero.
This is a no brainer, like every fork, this will go up massively, and right now it hasn't, so it's the best place to buy.

- Massive South korean partnership signaling that Omise GO not only now will operate in Thailand and Japan, but in South Korea as well. Ripple's market cap reached 80 billion, now it's no longer far fetched for OMG. Banks don't really partner with non serious projects. Omise is an already established payments company, and their OMG project is incredibly ambitious, and their project is ahead of schedule.


From a fundamental point of view, I warned you and have been warning you for ages, on twitter. OMG will be the next coin to do the Ethereum rally to 20-30 billion market cap.


From a trading point of view:
- We have seen a confirmation of a trend reversal, these are usually signaled by massive pumps and dumps, and higher lows and higher highs. Right now, it's correcting from the massive pump to 0.00142 satoshis, I predict that it will drop to 0.00129 before a next rally to the next fib level.
Comment:
I give signals on twitter first, then here.
Targets :

Buy zone : 0.00129 -0.00131

Hit target ( signaled on twitter ) : 0.0014500
Target 1 : 0.00154870
Target 2 : 0.00163
Target 3 : 0.001775
Target 4 : 0.0019450

It can go higher, but we trade safely
Comment:
Obviously we are trading the hard spoon for now, so we're not going to hold after the spoon. You can, if you believe you will gain value from the Comos coin. I honestly rather just trade the hard spoon, and accumulate more OMG's for when Plasma is out.
Comment:
I have checked the order book on bittrex and binance
It is very thin on the sell side, and very dense on the buy side. This is also, a small signal, that we are going up
Comment:
I'm inclined to say skip the first target and head for the second directly. A massive wave 3 Elliot wave pump is not out of the question.
Comment:
Congratulations on the profits.

I took out my profit around 0.00152. I don't think we'll see the 0.00164 today with the weekend coming. I'm expecting some bear action
Comment:
Ok, I guess I was initially right the first time. Wait for consolidation then buy. I expect some weekend turmoil
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.