SUMMARY
OmiseGo (OMG/USD) Pair has at least a stop at $20.82 before hitting the $32 Target as shown below in the chart. The blue circled Elliott Waves outline the projected price pathway and these are only the subwaves to higher degree white wave (i)! The symmetrical triangle, as noted in prior OMG update is impregnated within the JAWS of WEALTH broadening triangle pattern. If the $32 target is hit, 450% profit potential is to be had!
The OMG/BTC pair is sporting a fine looking Bullish Downward Pointing Symmetrical Triangle! What a beaut! I've labeled the Elliott Wave impulse set that runs up on the left of the chart and the requisite red a,b,c corection. Price has broken out of this triangle and I've included the blue Elliott Waves as price projection towards 0.0034 BTC or 240% profit potential.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
Follow me on Twitter for Real Time Alerts!!
--
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Nice post! Upvoted
Great post Haejin. Learning so much. Books ordered! Please could you do a youtube review of OMG. ty!
Thank you sir...will hold what I have...trying to ween down my coins...tired of chasing every "hot" tip...too many to follow...sticking more with your analyses and a certain base of BTC...LTC...ETH...BTS...NEO...DASH...IOT...XRP....and a smaller stable of others... need to simplify this...taking too much time...record keeping is getting crazy and upcoming tax bill scary!
You don't need to follow every tip. Just pick the ones you find best and set your positions and just hold and wait. These tips are all 2 or 3 months length so it don't make sense changing position on every Haejin new post.
Thanks for advice...basically went from the big three starting a few years back...saw the rise and fall of ETH...cashed out most along the way...wanted to spread my risk over more coins and maybe catch the next high flier...then saw the rise and fall of most altcoins...had this portfolio of too many coins...many in the red...and now have a better sense of what ones I will keep in storage no matter price is short term and a few others to trade with...just got to point it isn't "fun"...too much like a second job...
You should try cointracking.info it makes tracking all your trades ,gains and losses easily. There are a bunch of tools. On it. It's better than block folio IMHO.
Thanks...I do use that...just find my buy and selling doesn't always get into system correctly...transfers get messed up and just too many transactions...time to simplify...will hang my dream on BTS per Haejin's suggestion rather than 25 other coins that may "pump"....
Resteemed :-)
I'm glad you stay on top of these. Maybe I'll figure them out soon.
I grabbed XBC and now I will ladder in on Omg following Heajins tutorial and so far so good.
Haejin what is the name of the wave analysis software that you are using? I tried a few trials and I didn't like them. As always thanks!
tradingview.com. Interactive Chart. Register with email, and its free.
Thank you!
Excellent. This would make a nice addition to the recent Neo pump.
Check out my post for more information on OmesiGo! https://steemit.com/omisego/@mmosely0/omisego-to-moon