Can you stop being such a good trader already? I mean, every time I look at your charts and they end up being almost 99% accurate I get angry that I can't be as good. :-p
Kidding aside, thanks for posting the charts and congrats on yet another good call!!
UnknownUnicorn1403495
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@EXCAVO What kind of sorcerer are you? All of your predictions are true. I wish I saw these before putting half of my money in OMG. And now can't get out :(
WhiskeyDeltaBravo
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Perhaps it will go to 50%. Lots of cryptos have been showing much more contraction than would be expected because of the volatile nature of this nascent tech. I would suggest partial buy-in at the 50% and wait for further buy-in below the 50% retracement level. BTC is also on its way down right now and most of the cryptos are in a bear market.
Broom
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@WhiskeyDeltaBravo, I agree, most coins have been retracing much further than 50%, however, OMG has alot of staying power and hasn't seen any of those types of retracements yet. Definitely wouldn't surprise me though.
WhiskeyDeltaBravo
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@Broom, We will see. I suspect that OMG is about to have similar retracements. Perhaps not as severe as some, but it will have a substantive pull back. If you flip through the charts for all major cryptos - about 100 or so... you will see the same pattern... spike after ICO and then a strong pull back. OMG has had a good strong run and now it is likely to have the same retracement fate as the rest. What is your target buy in?
Broom
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@WhiskeyDeltaBravo, May as well wait for the 50% at this point... we are close enough, then again at the .618
@Broom, I suspect we could see 78.6% retracement point. Doesn't hurt to have some limit buys in at the lowest end of the demand zone. People are pouring into BTC in anticipation of the split and picking up BTC Gold for free. I see more downward action across the alts for the next couple weeks and then a rebound as folks buy back into the alts after the split with their new gains.