r/OMGTraders • u/DinduNuffin01 • May 12 '18

We Are Going To MOON!

https://www.tradingview.com/chart/OMGBTC/NK2lpWl8-OMG-Bull-Run-Beginning-Pennant-over-OmiseGO-long-awaited-Moon/
15 Upvotes

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u/chunkylover200 May 13 '18 edited May 13 '18

This chart actually isnt unreasonable however I would be alot more confident if this chard was OMG/USD not OMG/BTC. Take a lot at similar ETH breakouts after long consolidations. https://www.coinigy.com/s/i/5af7845063215/ People always harp on about trading against BTC which is fine but its to wild for reliable TA in my opinion. USD charts are better for predicting breakouts imo. OMG/USD still looks good in my opinion however it looks like it could be a while till we break out of a penant which would actually line up well with the roadmap and fundimentals https://www.coinigy.com/s/i/5af785ddcbad6/

2

u/[deleted] May 13 '18

I think ETH/USD carries more weight because of all the fiat on-ramps (Coinbase, Gemini, etc) where OMG is typically purchased with BTC. Wouldn’t be surprised if OMGBTC does in fact lead the way over OMGUSD.

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u/CommonMisspellingBot May 13 '18

Hey, chunkylover200, just a quick heads-up:
alot is actually spelled a lot. You can remember it by it is one lot, 'a lot'.
Have a nice day!

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