Hello traders!
Today we will talk about OmiseGO (OMGUSD) and its price action + wave structure from Elliott Wave perspective.
Some cryptocurrencies were in a massive and impulsive rise since March and one of them is also OMGUSD, in which we clearly see a five-wave bullish cycle into wave A/1 on the weekly chart. We know that after every five waves, a three-wave...
Another chart. I have too many other charts to put here, which I will add in description later. There is a lot going on behind the scene. Bitmex 100x leveraged trading has had a clear impact on the cryptomarket. Other leveraged trading options at Bitfinex for alts are playing a major role and have resulted in wicks which are not ignorable. Currently the alts...