Many of you probably aren't familiar with a trading strategy called basket trading. I got first introduced to it from my Forex trading days and immediately saw its value. I apply that to Crypto trading to minimize my losses and keep my trades stable and less volatile. It also allows me to harvest profits as targets are reached.
Here are the facts about the...
It appears OMG is coming back to life .... slowly ... waiting for it's chance to rise from the ashes. To be reborn. Quietly, so no one notices.
Well, did. If you got in pre $2.30, then enjoy. It's only up from here. Then eventually down, but mostly up.
I've marked the support and resistance lines, so let's enjoy the show!
Of course this is't financial advice!
OMiseGo price has been moving in a range for more than two weeks since April 11th, channeling from 4.20 ~ 4.90. This is a good movement because the longer the ranging channel, the more reliable the breakout. Therefore, our task now is to wait until the price breaks out of the range. After a breakout, we will then enter appropriate entries to chase the trend. An...
OMG prob go down one more time and then run for its next move. We will she this in a few months. A little more short then it will move to the up side.
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More details of the market trend are available here:
Exit 1 $5.36
Exit 2 $5.55
TP Target 1 5.5%
TP Target 2 9.25%
I'm doing something a little different now. I'm posting what my entries and exits are. I plan to sell 50% of the coins at Exit 1 and another 50% at Exit 2. My overall plan projects over 10% of gains in the next 48hrs. However, I...
OMG Network is ready to make a move to the upside as our Proprietary Oscillator is positively divergent with price. You can see that the RED arrows are showing a series of lower highs through December- February. On February 24th a lower lower was made that started a series of higher lows and higher highs (Yellow arrows showing higher lows and Green arrows...
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
If you press play on the previous chart, you'll see that my wave count is off. The 5th wave hit way sooner than my predicted area, it's right above the wave (3) top. We've gone below the .238 fib line and currently we're sitting right...
OmiseGO OMG - can hidden bullish divergence avoid breakdown?
The huge weekly support trend channel was broken to the downside and a conformation can occur within the next weeks.
But a hidden bullish divergence on RSI and MACD might lead to a fakeout and a recovery.
What do you think?
Drop me a nice comment if you'd like me to analyze any other...
#UMAUSD #ForthUSD #dotusd #xlmusd #godsusd #blzusd #krlusd #mansusd #ampusd #omgusd
Here are some of my absolute favorite coins today. All look to be primed, pumped, and ready to move up soon! Enjoy this entertainment piece.
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0.5 acts as a very strong support for price, previously in quite a small period of time the price has touched this level (0.5) and successfully rebounded
It looks like the third touch is coming
The MACD is in a kind of megaphone state, the next upward tick of the indicator will be a larger one based on this structure
I think OMG has what we call an Irregular top pattern in EW. This is when the 5th wave finishes & the ABC correction starts but wave A is very shallow , fails to correct the 5 up. This leads to the B wave extending higher than the 5th wave & then the final C wave moves to correct from the top of wave B. I also think we had a classic 1-2, 12345 wave extension which...
$OMG has had one of the worst drawdowns in altcoins since November. I lean towards a strong bounce to make up for the quick move down.
Over the next weeks/month(s), I think OMG should bounce back to retest resistance up in the $11.72-12.60 range.
I've marked out key dates for changes in price action. Entry at $3.79.
Let's see how it plays out.
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Buy X amount of an asset in the spot market. For example, we buy 1 SOL/USD at $100 for 100 USD.
Short the same amount X of the same asset in the futures market.
For example, we sell 1 SOL-0625 June at $120, which expires in 90 days and is trading at a 20% premium. Our spot...