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OMGUSD trade ideas

OMG: THE ASCENDING TRIANGLEAlways think consider two scenarios in your trades; 1. The market goes along with your technical analysis + gut feeling and you are in the green, good job! Now bring your excitement level down, remove your initial investment on the first profit target, maintain the profit on the trade until 2nd profit target and close the trade. I set stop-loss and profit targets, I stick to them no matter what. If you are increasing your portfolio by 10 - 15 % on successful trades, you are making money. 2. The market doesn't go along with technical analysis + gut feeling and you are now in the red and losing money fast, what do you do? Most traders would go into hyperdrive mode re-analyse the technicals, doubt their decisions and inevitably alter the initial trade parameters. Personally, this is where I refer to previously established stop-loss targets and I stick to them no matter what. The market is against you and it was you that wanted to play with the big boys, welcome to the game, now give me your money. Stick to your stop-loss, stay away from the sharks. THE TRADE This is what I believe will happen; THIS IS JUST AN IDEA AND MY OPINION, NOT INVESTMENT ADVICE! SUCCESSFUL BREACH OF ASCENDING TRIANGLE IS MANDATORY FOR THIS TO WORK. Profit Target = 17$ Entry-Price: 14.75$ Stop-Loss = 13.3$ Any questions or critiques, leave a comment.
BITFINEX:OMGUSDLong
by VictorSoares
3
OmiseGo (OMG) again seems to form 100% up move to at least $28I intensively following OmiseGo since about 4 weeks and for me it seems like there will be a price of at least $28 in a very short timespan. About 2 weeks ago I got in at $7.50. Today OMG reached it's first 100% profit target since then. After about 2 weeks of struggle with some resistance levels. OMG is following the FIB levels of the last ATH upswing almost perfectly what gives me a really good feeling about new highs within the next days (or even hours?). Today a lot of people invested a shit load of money in OMG what builded a beautiful bull flag and took out the heavy resistance at around 10.50/11.50. Of course this people don't do that for fun. They do it for profit and because they know when the time comes to invest million of dollars. Only on Bittrex (where I trade, just use the Bitfinex chart here because it shows longer history) there came in more than 4 million dollar within 60 minutes! The overall market cap almost doubled the last 14 days as well. Also there is a lot of attention for OmiseGo because of the latest announcements (1) and because Ethereum Founder Vitalik Buterin mentioned it as his favorite in 2018 (2,3). Not to mention that the project itself is very promising (4). Maybe there will be a little down move to the area at around $12 where we could find a cheaper entry before it go up again, but this maybe will not happen at all. For myself this is a safe bet and I already added up another 50% of my capital at $13.50 to my previous investment. Let's see when this will reach the moon. ;) 1) twitter.com 2) twitter.com 3) oracletimes.com 4) omisego.network Keep in mind that you always trade at your own risk. So do your own research. Good luck! All thoughts and comments most welcome. Edit: sorry, reposted this idea because I used the wrong time unit in the chart posted before. All content is identical.
BITFINEX:OMGUSDLong
by r2d2One
5
OMG - shortterm down movement.OMG formed a classic Head & Shoulders pattern. Target is the green area between 7.5 and 8. Confluence with fib level .618 and longterm uptrend support. 4hr RSI is also pushing overbought and could need some down movement. If you are longterm focused, there is no need to worry, since the fundamentals of omg are still solid and undervalued. However, if you are a swing trader and looking for a quick profit, you can sell after break of the neckline at around 10 usd (or even short from there) and put bids under the neckline till the target area. My original idea of OMG going to 16+ still stands. This is just a quick downward movement anticipation. Good luck!
BITFINEX:OMGUSDShort
by UnknownUnicorn1127548
3
What The OMG!? Short edition.If you followed my The What OMG!? Long chart you'd already know about my short here. Horizontal resistance was bound to give great scalping profits and a good risk reward short entry for five waves down. Yesterday all the plebs screamed ripple was going to add an additional 300-3000%, today they screamed OMG would. The majority of the market loses, it was a bull-trap. I have been mocked, insulted and laughed at for both these short entries; do not get emotional. There is no right or wrong, only possible outcomes and risk-reward. This is not the end of the world, and I advise anyone that holds omg without margin to hold it here and add if it hits 12$. For now, this is my primary count, and I will stop out / take profit when it becomes invalid; perfectly possible.
BITFINEX:OMGUSDShort
by RichiRichi
9
OMISEGO $20 PROJECTION?!OmiseGo looks to be breaking a key resistance level anytime soon. From this, we may see a medium-term increase to the $20 Mark where will we see some resistance and consolidation before another movement upwards. This is quite a big move for the cryptocurrency, however, the market has been growing at an exponential rate as more Media outlets are consistently talking about the new tech. $20 is also perfectly in line with the 1.618% on the Fibonacci which is also a further indication that we could see a move up to this price. Orange - Resistance. Pink - Support. As always trade the lines accordingly.
BITFINEX:OMGUSDLong
by thomasfar6
OmiseGO Showing Bullish SetupBITFINEX:OMGUSD is showing clear bullish setup, since we saw a big spike down 2 days ago to around 78,6% Fibonacci retracement. So, from July to September we clearly see impulsive rally with five waves up into wave 1/A and from September to the end of November we see nice and clear three-wave (a)-(b)-(c) correction into wave 2/B. This is ideal pattern for bullish trend in Elliott Wave theory. So, we expect that "Omise will GO GO" towards new all-time highs into wave 3/C, where we see first target around 16 level, just keep in mind that bulls will be confirmed above 10 level!
BITFINEX:OMGUSDLong
by ew-forecast
7
OmiseGOnna Rip One In 2018 (OMGUSD C&H)Anyone who has seen my ideas before will know that I may be slightly obsessed with the cup and handle pattern, but it is just such a strong pattern. Bitcoin broke out of it's cup and handle early this year, and now look where we are. I see this as a potential play for OmiseGO. After topping out around $13.70 back in September (end of wave 1), OMG consolidated for about two months until bottoming around $5.50 (end of wave2). Since then its been on a steady rise, aside from the flash crash, which does not invalidate the pattern in my opinion. Even if the cup and handle fails to complete correctly for some reason, I still believe this is a good long opportunity for OMG, as we are obviously in a massive bull market. 2018 is going to be huge for all coins. We are in another expansion period similar to this spring, except likely longer and more massive, as most of these coins are moving on to there third waves. TP 1: $18.00 TP 2: $50.00 TP 3: $200.00 I based these test points off the fib circles drawn. $200 seems very possible as a potential wave 3 target. I expect the C&H to complete before January, but it may even complete before the end of this year.
BITFINEX:OMGUSDLong
by jwlondon98
14