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vakkob
Dec 7, 2017 9:02 PM

OMGBTC Long

OMG Network / BitcoinBittrex

Description

Major buy signals from MACD and CCI.
If it manages to break out of the triangle (which i think it will) the first target point will be 0.0012 Resistance level, and second target point would be 0.0020 if first resistance is broken.

Please share your ideas.

Comment

signals from *RSI and CCI, not MACD.

Trade active

Target point 1 is Reached, it was a nice 120% profit.



As you can see on the daily chart now, it still looks very bullish, in my opinion we will slowly reach our Second TP, which is 0.002.

RSI and CCI still have a room for growth

Comment

Stop loss now should be set at 0.00085
Comments
Biatec
Man we know that TA doesn't work at shitcoins. Only strong fundaments will save our asses, and those fundaments will appear in Q1 & Q2 2018 as we know. Todays little pump was caused with a news, that OMG might be listed at korean exchange Coinnest.
vitamaltz
@Jar0, why are you spending time on TradingView if you don't believe in TA? This community is full of people who are making good use of TA to do quite well.
Biatec
@vitamaltz, I don't spend to much time here on TW and it is so, at least for me, that HOLDING works better, than day trading in cryptospace. OMG will skyrocket when there will be working product on the table. But till than it is in mercy of BTC (so as other alts).
vitamaltz
@Jar0, that doesn't mean money can't be made by analyzing the behavior of the coin right now.
vakkob
@Jar0, Of course FA is always much better in a long term perspective and TA means almost nothing, but trading-wise TA makes most sense in a short term.
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