Very constructive base building over the past month here in OmiseGo. Risk/reward levels aren't that great, but current environment across all coins likely won't allow anything better before more attention comes to OMG. Slow entry into it with tighter mental stops can work. Current USD value around $8.70, should see ~$10.00, decent level for profit taking if you're just swinging short term moves. However, strong moves above $10 and ATHs near $15 could be possible.
Posted a recent blog post on where I saw Bitcoin moving short-term (thebitnote.com/holiday-bitcoin-prices-beginning-to-rhyme-with-the-summer/) and how the rest of the coins may behave - so far, many coins are behaving very well on Bitcoin price appreciation, in line with a shift in sentiment on Bitcoin vs. rest of the market. Keep that in mind when trading them, as their moves may become more long-lived and stable over the next few weeks.
Posted a recent blog post on where I saw Bitcoin moving short-term (thebitnote.com/holiday-bitcoin-prices-beginning-to-rhyme-with-the-summer/) and how the rest of the coins may behave - so far, many coins are behaving very well on Bitcoin price appreciation, in line with a shift in sentiment on Bitcoin vs. rest of the market. Keep that in mind when trading them, as their moves may become more long-lived and stable over the next few weeks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.