BITTREX:OMGBTC   OmiseGO / Bitcoin
We may be seeing what is potentially an elliot wave ABCDE correctional pattern. Look for the price to bounce off of the support line off the triangle (which would be E of the correctional pattern). If it bounces you may look to enter just above the support line and look to sell just previous to the resistance line of the triangle. If the price cleanly breaks through the resistance of the triangle, we may see a continuation of the uptrend and a new impulse wave. The immediate re-tracement of the impulse wave bounced off of the .5 fibonacci level. However, whats important is a continuation of an uptrend. Price targets may vary. Using a fibonacci extension of the first impulse wave I have a target as shown on the chart. This is a long term play, and if a bounce is seen off of support and through resistance look for a continued uptrend. Place a stop-loss below the triangle. Do not enter into a long trade unless you see a bounce off support and if it breaks resistance be careful for fake outs and look to rsi to confirm the trend. You want to see a clean and strong break through resistance and clearance of the previous swing high.
Bình luận: I see some hidden bullish divergence keep and eye out for a break through resistance around point D
Bình luận: Bounced off point D next test of support critical
Bình luận: Around here COULD be good entry, check out the bullish divergence. I also adjusted the trend line as that may be what we are looking at (possibly).
Bình luận:
Bình luận: ...still needs more volume
Bình luận: Refer back to initial chart. I expect H & S pattern to complete and my target entry is around ~..00163 - .00166. Place stop loss under the support zone.
Bình luận: exited, will wait to see it resistance retests, more volume needed
Bình luận: look for retest of resistance and and break through previous swing high
Bình luận: Beginning to see an increase in volume and hidden bullish divergence on the 1 hour. Watch here for a potential break of the resistance line.

Bình luận: Bitcoin price is dropping and sell walls are growing. Would not recommend buying here.
Bình luận: Its the moment of truth!
Bình luận: Have some bullish divergence. Lets see that volume now.
Bình luận: No volume.
Bình luận: Volume rising, macd cross on the 4 hour, rsi looks great, lets go!
Bình luận: Adjusted stop loss, lets see if we can find some support above the triangle.

Bình luận: I hope my charts have have helped if you want to to send some love! :)
Bình luận: If the ATH is broken than I have adjusted my target to reflect the height of the triangle from the breakout point which also corresponds with the fib extension 1.618 of the triangle.

Bình luận: This is a --conservative-- target if it breaks the ATH.
Bình luận: Updated target
Bình luận: If my charts have helped, please feel free to help support my charting and research! I appreciate all of my followers.

BTC: 1PA4eqQf9VH15r8GSox7FLmtnrX1edBH4G
I am trying to get a good read on the charts? Is it beginning it's downward trend or is it forming a cup and handle. Any helpful info will help me learn. Thanks!
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@seifer101, Hey, really sorry for the delay, the price seems to be stuck at the ATH, dangerous place to buy, nice place to take profits, news and volume will play a large role is relate to higher price movement.
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seifer101 MajesticCabbage
@MajesticCabbage, Thanks for your insight!
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@seifer101, no problem
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What happened ?
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@MarRob, The triangle took longer to complete than expected. Volume finally kicked in.
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What is a good exit point?
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whole lot of lack of volume across the alt crypto's.
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Hi , in reference to your last comment of the post . Do you expect it to break the triangle in the down direction and then back up ?
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@MarRob,


I see hidden bullish divergence if volume rises im bull. I'm waiting it out we'll see.
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