Gmanns777

OMGUSD: CD leg of Gartley is in play! Oh My GOD :)

Long
BITFINEX:OMGUSD   OmiseGo / Dollar
Really nice looking Gartley is setting up on OMG. In this case we are looking to trade the CD leg. Risk:Rewards looks great

I'll post an update with Entry & Stop levels once I have my order in.

Lets see how things play out.
Comment: CD leg is looking good... it took a while but we have some real movement now.. I like what i see so far. 78.6 is D, lets see if we get there.

Comment: OMG still heading up to D at 78.6... lets see how long it takes to get there

Comment: Price spiked up through 61.8 fib level (B of Gartley) this is a very positive sign that price will get up to D at 78.6 fib level to complete the pattern.


Once price gets closer to D i will update on what my plans are.

Comments

Well played and well trade!
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Gmanns777 bloodleach
@bloodleach, lets see if it gets up to D, looks good for now :D
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bloodleach Gmanns777
@Gmanns777, Yeah sure... but in profit. I would advice you to run short stops.. I If BTC doesn't hold this level it could mean another wave of retrace for ALTS including OMG and KNC. Who are both strong atm
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Gmanns777 bloodleach
@bloodleach, cool thanks
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Great video @Gmanns777 thank you for sharing... I would assume you are considering BTC to find a final low about the same period so that everything can settle right?? Or do you think this scenario can play out independent from BTC movements???
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Gmanns777 JorgeG_PerezGarza
@JorgeG_PerezGarza, Thats a great question... while i think its possible it could happen independtly it would be great if BTC pattern completed as that should have a positive impact on the market in general. Fingers crossed :)
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Love new video. That I can learn from u. Thank.
Reply
Gmanns777 nuieskater
@nuieskater, my pleasure... let me know if there is something i can explain more clearly
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