nycgrowler

#OMG #BTC - Current support will determine next direction.

BINANCE:OMGBTC   OmiseGO / Bitcoin
OMG has had a nice run. My largest positions are still open. If support breaks (shown on chart), we will have the opportunity to buy lower. If the current support hold, I am confident we will see another leg up. In the latter instance, I'll add another position.

Note - the current support is significant. This price level has dictated resistance and support at various points in the recent and more distant history of OMG. The support also marks the current Kijun position on the 4 hour time-frame.

Scenario 1 - Bounces of the above-referenced support = I add new long position.
Scenario 2 - Support breaks down = I confirm, sell a portion of current positions and look to buy back at lower cost.

DYOR. Not financial advice. Good luck.
Comment: Support at the Kijun is being tested right now, as BTC goes up, down and in a circle. So far, so good. Support holding very well. Will update plans when this settles down.
Trade closed: target reached: Closed position as targets reached. OMG may have, yet another leg up. Looking to reenter after we see how this price level shakes out.
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