OMGUSD trade ideas
$OMG OMISEGO NETWORK TO REACH $100 THIS YEARHello.
Not going to explain in detail why this idea is relative and has high probability of success.
We are in WXYXZ pattern and wave Z just started.
Make sure to take profits at the top, because this is what is coming after targets are met:
This is not a financial advice!
Why would you short OMG!? To make money even when the market falAll you ever see on social media is people panicking when your favorite coin begins to tank.. Why are serious traders ok when the markets fall? Because they go short.
Here we did a perfect short making money as the markets fall.. Of course none of us want to see the value of our crypto go down do we, but its enviable, so when it does we may as well keep making money.
Omg was breaking in a downward channel with clear top and bottom support and resistance lines. Once we fell into resistance that was our signal to sell short.
Once we fell through the EMA we improve position and sell more to go short.
Our exit targets are easy, previous price action history are the points we need to watch out for.
STOP LOSS... Anywhere back into the wedge where there was support. Minimum risk and high reward trade.
for more exciting trades keep following me here and check out my profile.
Happy trading everyone
OMG to the MOON - Rocket Launched - ENTRY LEVELS - LONGOMG is out of the downtrend line, heading to a higher future. Just volumes are not so big right now, so we still have time to jump in. Just be aware if we go out of a pretty steep uptrend line, it should be broken.
TARGET IS $5.152
Here you have OMG entry levels:
$3.905
$3.523
$3.233
Taking profits on OMG by scaling outSo we nailed a perfect entry on the OMG trade, that is only half the battle. I see more people messing p their take profits tan they do their entries. Usually greed will want you to keep the position open and then it starts falling and falling and you panic sell leaving a lot of profits out there on the table. There are various strategies you can use and i will share with you my strategy here in OMG.
As Crypto is a 24 hour market, going to bed with trades open can be a nail biting experience which leaves you without sleep. That is another conversation all together.
This is how i am handling OMG.
I already know i want to play this swing to $5 and beyond, that doesn't mean i have to let str sit there while the price goes up and down, i can trade the entire swing.
So for this play, i entered at $3.25 and i had my targets set. Once it started to go i placed a stop on my entry to protect that price point.
As bed time approached i placed a take profit order on my first TP zone with 33% of my trade, i kept the balance as a stop on entry.
When i woke up i saw the 1st TP sells were executed and the trade kept moving. I then placed a second Take profit area on another 33% and the balance i move a stop loss up to lock in profit.
Once that 2nd target hit I'm still riding 33% of my original trade. With this i place a trailing stop with a margin of 7 cents.. Long enough to hopefully stay out of the way of a wick and close enough that it moves up as the price goes up. This will raise the stop loss until my orders hit leaving me 100% out of the trade.
What if it goes up you say and i think i got out too early? Well i don't chase, i wait for a consolidation and once that breaks my triangle i renter and do the same thing over and over until we reach the top...
Then we go short and make the money on the way back down as well.
I would love to hear your various exit strategies...
Pump 1 Pump 2 now Pump 3 starting?Lets see if history repeats.......See chart for details. RSI and Stoch RSI almost the same as in Pump 1 and Pump 2.
OMG/USD is going to $13 after retracementOMG/USD is going to $13 after retracement . 21 W EMA at ($3.1) should be your SL if you are in
update still not lateas i sais bestchance to buy dip if you buy ex 1000omg with 2.2 2200usdt used but after just some day with 3.5 had 3500 if doesnt want to hold to 4 next 8 final after 2month 20$ give him 19k profit always no need to go in btc and top ranks
Idea path Using a potential inverse head and shoulders along the existing upper and lower consolidation triangle S/R as well as a Fib Speed resistance fan from the ATH to the ATL which has provided hard resistance and support numerous times thus far.
Invalidates if it doesn't follow the inverse head and shoulder, if it does these would be the potential key levels
best opportunity without doubt buy i buy soon and in loss 20-30bucks but patient hope to crypt o market one day completely seperate from giants rich guys and work thechnically
Have You Seen The Potential Of OMG/USD?Welcome everyone,
My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life.
Let's Talk OMG/USD...
Both counts I'm following for OMG are corrective counts that have further downside. The difference between the 2 counts however is the short term move towards 5$ prior to dropping. So far the B wave to 5$ is shallow for a B wave and hasn't even hit the .618 so this is likely the count I'm biased towards as it is the most probable given these acknowledgements.
I'm targeting the 1:1 extension because it lines up nicely with the previous support level and is a highly probable extension to get hit, so there will def. be buy interest there, however from a Fibonacci standpoint we only need to hit the .618 ext in purple. Tagging the 2.46 low for a double bottom.
That leads me to my next point, I don't think the 1:1 will get tagged if the bulls defend the low of 2.46. If we break under the 2.46 with a 4hr close then It's highly likely we continue to the 1:1 ext.
In summary, Longs above 2.46 seem like the strongest options for trade setups, however I'd like to see the reaction at 2.46 first and then happy to step into the trade as the upside has a great R:r.
Follow, Like, Share to support the channel growth.
Comment your thoughts below. Don't be shy!
OMGusd fakeout, back to 2,5$ and start try again OMGusd fakeout, back to 2,5$ and start try again or maybe it will go a lot more down . We will see. Buy low is under 2,6$
Weekly Hidden Bullish DivergenceDudes and dudettes, what we have here today is a major bullish triple MACD, RSI, Stoch RSI hidden bullish divergence on the WEEKLY which is a very bullish continuation to the upside.
First target: 11.13
Second Target: 14.44
Third Target: 17.76
Top of the trend line Target: 21 - 22
DISCLAIMER: If BTC decides to dump and OMG gets out of the trendline, you don't want anything to do with OMG.
Diversification into OMGPersonally i think this will melt faces..
With a clean bullish transition into 2.618 of the strongest available Fibonacci circle ring
Considering a long position at this point.
OMG- Semi-bullish zoneI expect near-term consolidation as there are some short-term resistance lvls that need to be cleared. Looking for momentum and volatility to pick up soon.
Steady uptrend and the cluster of technical supports below current price lvl indicate that OMG is one breakout away from turning fully bullish.
If BTC retraces again, it will be a perfect opportunity to accumulate some OMGS. Scale in slowly if you intend to market buy.
Just my two cents. Not investment advice.
