OMG Coin: Oh My God, it's about to CRASH !!!!!
OMG meets all the criteria that it's done climbing up and will now FALL DOWN!
The abcde triangle pattern is very nicely done and the last 5th wave counts crisp. So, watch out for an ABC correction that will reac far down to prior wave 4 levels! Note also the blow off top with a thin, bodiless candle stick that just finished wave v and Wave 5. That's an indication that buyers are tired and sellers are about to roll in. More importantly, look at the MACD. See how the red line connects the peaks? The last peak is lower than it's prior, but this lower peak brought prices higher than was done by the prior MACD peak. This is called a divergence of MACD from Price! This confirms that buyers are tired and worn out.
SELL! SELL! SELL!
Damn! I wish there were PUT options available on this one! It could be a mighty profitable short!
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.
nice to have your opinion :)
@haejin cool post congrats! overall Steemit is a platform where content is of much quality than tweeter , snapshot. and Instagram
We are in the right platform which is months away to start getting massively popular!
Regarding BITCOIN what is your advise...I jumped late to the cryptoworld...some predictions says that it will reach easily 10.000USD by the end of this year...would you buy? or focus in other cryptos with a lower purchase ration...my idea is not to trade but just buy and hold in the long term...
Thanks for the heads up!
Please only use to augment your own DD. Thanks for the read!
yeah it reached quite high, I sold a bit short :( could have made another third on the profit.
what do you think about $PAY (tenx)? People say $PAY follows $OMG's path
@haejin Great TA on all appreciated! Question on selling strategy and long holds. Got 500 OMGs around $0.90 and then have another 160 OMGs around $2.70. Seeing your TA above your estimating a possible drop, what's your opinion on my selling options. I'm trying to stay in to for the long run, so since i got in cheap should i hold on to the 500 Omgs and wait these drops out or it's best to take some profits here. Beers coming you way!!
very helpful tip here!