OMG is still in Downtrend and waiting to breakout.
OMGUSD 1) First wave from ATH to 0.5fibo. Support 6.4 2) Second wave from 11.51 to 0.618fibo support 6.98 Predict : Third wave from 9.63 to 0.786fibo Support 7.0
LONG buy in position 7.0-7.2 Stop loss 5.6 (20%) Target : 10.5 -11.50 ( short term) 60%gain , 16.5-17.5 ( long term) 150%gain.
If it drops before 7.0, next huge support 6.0 which is unlikely to happen.
OMGBTC pair Support fibo0.382 Price 0.0132 Support line Price 0.00121-0.00124
Stop loss : below 0.00120 Target Back to Mean 0.0025-0.00259
There seems to be lots of chatter in regards to altcoins being sold off leading up to the BTC/BTG softfork next week with traders accumulating as much BTC as possible in order to get 'free' coins. Given that an altcoin sell off may very well occur have you factored this into your trading plans or do you disregard fud/chatter and just trade based on what you seen the charts are doing?
carsonsw
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@mooneymoonman, I trade from what I see while Considering these factor . Same time you can see LTC going up dramatically. BTC pair is affected by BTC .i expect BTC going up to 6xxx .aroind 10%-15% more.