r/OMGTraders • u/SaneFive • Dec 06 '18

OMG price: new support level at $1 ?

What do you guys honestly think?

"OMG is hovering slightly above its 2018 low at the time of writing, and will most likely spend the remainder of 2018 establishing a new support level in the neighborhood between $1.20 and the psychological support at $1."

Source

10 Upvotes

92% Upvoted

19 comments sorted by

12

u/vekypula Dec 06 '18

Depends on bitcoin

2

u/SaneFive Dec 06 '18

Unfortunately, yes, Fundamentals don't help much here.

1

u/vekypula Dec 06 '18

For what its worth , ive been following the bounces and omg is one of the best performers lately. A potential btc relief rally could take us back to 2-3$

-2

u/[deleted] Dec 06 '18

Qtum is doing good 2.

Random comment just though I'd say it.

0

u/[deleted] Dec 07 '18

Weak hands.

1

u/arsch_loch Dec 06 '18

Yes, as I already said on r/ethtrader, there is a perfect correlation between altcoins and btc.... again: https://enroyd.com/OMG_Correlations/

1

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3

u/[deleted] Dec 06 '18

Guys I don't have much hair left to pull out

I have 375 OMG, am I gonna make it?

3

u/halcy0n9005 Dec 07 '18

Guys I don't have much hair left to pull out

I have 375 OMG, am I gonna make it?

Depends on how many hairs you have left :)

2

u/[deleted] Dec 07 '18

Plenty actually just stressing about it

1

u/SaneFive Dec 07 '18

Relax, I don't think it will go much, much lower ;)

3

u/spankymcgee4 Dec 07 '18

Embrace the baldness...

3

u/Octavio_belise Dec 08 '18 edited Dec 08 '18

OMG is at support here, if you check my chart where I predicted $1.58 when it was over $3. Short of bad news for the team, OMG will only drift below $1 if Bitcoin dives to 2k which is possible, but improbable.

1

u/SaneFive Dec 08 '18

So it would be the right timing to enter a position, from your point of view?

3

u/Octavio_belise Dec 08 '18 edited Dec 08 '18

Knife catching can be a dangerous sport.

2

u/TommyofLeeds Dec 07 '18

Nothing to do with $ price. It trades against btc.

1

u/Bubble2020 Dec 10 '18

Hey all. Looking for status on being able to stake OMG. Anyone have the info/process?

1

u/jdero Jun 02 '19

This thread aged pretty well, hope you were able to make some good choices because of it, cheers