commonretrace

Equitable Setup OMG/BTC Confluence

Long
COINBASE:OMGBTC   OMG/BTC
OMG/ BTC is developing a lot of confluent signals right now.

First, on the daily:
- MACD bullish divergence ushered in a nice rally showing bullish convergence on the follow through
- Peak of rally formed X on a potential bearish crab or butterfly harmonic pattern
- A and C of harmonic have the potential to form the third rising valley, ushering in the C to D wave
- C on the harmonic corresponds to a historical support/resistance where the chart made a major peak in a previous cycle

Then, on the 4 hour chart:
- Bullish divergence on both oscillators ( RSI & MACD ) ushered in the A to B wave of the price harmonic
- Heading towards C about to go negative on MACD , looking for a negative peak of MACD island at C for a mostly positive C to D wave

I think trading C to D is very equitable and I will be setting:

Entry: 0.00017832 - 0.0001975

Stop Loss: 0.00017347

Take Profit #1: 0.00023607

Take Profit #2: 0.00024624

Take Profit #3: 0.00027349

Take Profit #4: 0.00033471

This is not financial advice and I am basically an idiot fingerpainting. I'm not at all telling you to do what I do.

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