HOW TO GRID TRADE:
The Good, The Bad and The Ugly (Tutorial #5)
DID YOU KNOW?
The cryptocurrencies you’re holding right now could be generating passive income. Even if you have small holdings or limited capital THIS can become very profitable with a little known strategy called GRID TRADING.
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Middle band of the Gaussian Channel will prove itself as support, as it was previously tested as resistance
While on the BTC pair for OMG a bottom looks to be forming which is also promising
The USD pair looks a lot more bullish than the BTC pair in my eyes
OMG Network has been in a declining trend like most altcoins this summer, but is nearing the end of this pattern. With general sentiment in the cryptomarket turning bullish, we can expect plays like OMG to make gains against BTC sooner or later. In the case of OMG, it may take less then a month since we are at the end of a descending triangle.
As seen from the previous mini pump, it accumulated first before the next big pump.
Right now we just saw the small pump and looking like going to accumulate again for a few weeks before the next big pump.
Gains of around 300% are possible.
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...