Mika_k

OMGUSD Long opportunity

Long
BITFINEX:OMGUSD   OmiseGo / Dollar
Good evening everyone. I hope you caught my link play, and were able to get out with a decent amount of profits. I am back with another play, this time featuring OMGUSD .

I have really enjoyed OMG these last couple of weeks. The wave structure is looking really clear, and it is a lot easier to read than some other coins like ETC.

Elliottwave analysis: If you've been following my omg posts, you know that we have just finished a larger term Tripple three correction, and are currently starting the wave three of the larger trend. The price action from the 21st of september tells me that the 1st and second wave of the larger term 3rd wave have been completed. If everything follows my t.a, we will be seeing some huge movements towards the upside in these next coming weeks.

Bitcoin has been making some really bullish moves, so I am going to take a very bullish standpoint on this trade. Something important to notice, is that the recent price action has been making a triangle formation and we are so close to breaking out of it. I don't believe that this is an elliottwave triangle, but instead, the classic technical analysis one. A break above means that we have a lot higher to go, and a break below might mean that it is just not yet time to move up. I plan on laddering into this trade, buying some right now, and more if we breakout.

All in all, this seems like a great trade and I hope you can get in.
Have a nice day.

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