Data from Cointelegraph Markets, Coin and TradingView confirmed Bitcoin’s best day in over a year as hour gains topped 7%. At press time, hours after rising to $12,, BTC/USD crossed $12, to only see resistance at just below $13, If OMG mange to stay within the rising channel then we may see $10 or even up to $21 in a month or 2. If BTC dumps then OMG will lag a long with many other alt coins. Trade OmiseGo against BTC (OMG/BTC) with SatoExchange. OMG/BTC price: h Trade Volume: $44,,
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If we dip to lower green line - buy again. As simple as that. We have all of the signals that I look for in place here. Downtrend still intact, but reversal hopes are getting stronger on higher timeframes. After the 3 wave OMG started the correction wave. I think it completed AB and now it is in the C wave. In C wave it will correct 4th wave and down again to 5th wave. Then the C wave will over. It will take a bit time to finish ABC pattern but next it will start to go up!
I will watch the momentum change at the bottom to be sure the correction is over. If you Omisego appears to break another downwards resistance trajectory. I put a potential resistance line for the next target should the pattern repeat itself. There's a possibility for some retracement and a bit more sidewards trading.
The latest for the breakout would be probably around mid Looks beautiful. Bitcoin is the first cryptocurrency and worldwide payment system - the true OG. This means it is the first decentralized digital currency, with a system that works without a central bank or administrator.
The network is peer-to-peer and the transactions go between users directly, without an intermediary. These transactions are then recorded in the public distributed ledger called the blockchain and verified on the network through the use of cryptography.