Crypto_Ed
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$OMG one more leg down to complete correction?

BITTREX:OMGBTC   OmiseGO / Bitcoin
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On the bigger TF, I'm bullish on OMG but on shorter TF I'm starting to think we might see one more leg down. Bearish divergence on MACD is one the reasons.

I expected yesterdays correction but the bounce is not convincing me (yet).

We might get a bigger ABC correction from the blue box in left picture toward (4), from there we should bounce to (5).

Breaking the yellow trendline invalidates these thoughts.

Happy trading!

評論: Price went a bit higher as expected but due to weakness in btc, I'm expecting that the ABC correction will be made.
Raised the blue box a bit due to the higher bounce.

評論: Target reached, I added to my position.
Lets get back to business and bounce!

評論

I think we broke the trend line an hour or so ago. Clear sailing to 5 now?
+1 回覆
mooneymoonman Foster306
@Foster306, 5 as in $5??
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verslus9999 mooneymoonman
@mooneymoonman, look on second chart 1-2-3-4-5.
+1 回覆
Foster306 mooneymoonman
@mooneymoonman, No, the number 5 on his chart.
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mooneymoonman Foster306
@Foster306, thanks.
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verslus9999 Foster306
@Foster306, btc going down, everything going down for a while
+1 回覆
spot on man! could have risked a bit more and shorted some extra but sure....
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Cheers man!!
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Totes Agree
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