iera

Christmas in July - OmiseGO

BINANCE:OMGBTC   OmiseGO / Bitcoin
Well, August. But what a show it has been, the last year has been awesome and I loved every second of it. Its easy to enjoy all of this when you have a stack you believe in (hardly look at) and just trade for the fun of it. I love getting rekt as much as I love getting gains. A good entry or a well placed fib is amazingly rewarding and I just love the charting aspect of crypto, the games behind the curtains and simply watching the market move.

Anyway, this chart right here is another screaming buy that seems to can only turn out badly when this entire market fails and I just don't see that happen.
It has corrected quite a while with all kind of drops but this is the first real double bottom that has formed on the way down.
And OMG already did a cupping correction 5 times before so I can see this one work out similar and then maybe, just maybe, OMG will go up some more

First target is quite modest; 0.000949
Second target is 0.001749 and 0.002049 all the way up to 0.002649. Full bull brings me to 0.003249 and 0.005249. But that is a long time away.

I'm happy when I exit at a very reasonable 0.000949 because this entire market still is shaky. Still a good entry, exactly on the 0.114 fib (A fib that has worked out more than not).
And there's some bullish RSI that lines up with the cup, but this would never be my main buysignal. The 0.114 is everything to me

Cheers and good luck, keep stacking
Comment: 4 hour, the way I'm going to watch it unfold. Notice the bullish divergence on the RSI.

Comments

Cupped a little, then dropped dead because BTC. OMG has been dancing in the 3 USD range for months. And is probably trapped down here till mid 2019
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out