Sorry about deleting the other post forgot to clean up the chart haha
Ok so... unfortunately my last post for OMG did not work out.. or well.... it finished its Eve formation but did not push past the confirmation marker so because of that I'm going to go ahead and create this new post to show the latest and greatest TA. Anyways BTC -4.10%took a dump this morning as we all might have noticed but OMG did not along with a decent amount of other alt coins. Yay Alts! That's besides the point but from what I'm currently seeing we have a Bull Flag pattern in the making that's coming to a very critical point. My prediction is that it will drop to the 132k range which will be the .5 on the fib scale as well as the touch on the RSI Indicator trend line .
Now with the Bull Flag ; according to said math and all that jazz it looks like we could be seeing a target of around 154k sats 2.01%. If it does indeed hit said target I will come back to this post and create an update with future targets. We are still technically in a Bear market so I don't like getting to far ahead on the charts. Anyways the Bollinger Bands are also showing a squeeze (not a huge squeeze) but a stagnant squeeze none the less and I posted screen shots of where we've seen this before within the Eve double bottom .
Some of you may say its a cup and handle but I do not and let me explain why... The reason being the volume within the middle of the cup. Within a cup and handle pattern you want to see a lower volume when its at the bottom and as you can see we don't have that going we have a lot of volume at the pit of the cup.
Happy Trading hope you all enjoy my TAs and give me a follow/like for the posts you agree with and as always this is not advice on whether to buy or sell just an opinion based on indicators so trade responsibly.
-CryptoLeroyJ out!
This is showing the touches I was talking about on the RSI Trend line should lead us right into the tip of the flag!
Ok so... unfortunately my last post for OMG did not work out.. or well.... it finished its Eve formation but did not push past the confirmation marker so because of that I'm going to go ahead and create this new post to show the latest and greatest TA. Anyways BTC -4.10%took a dump this morning as we all might have noticed but OMG did not along with a decent amount of other alt coins. Yay Alts! That's besides the point but from what I'm currently seeing we have a Bull Flag pattern in the making that's coming to a very critical point. My prediction is that it will drop to the 132k range which will be the .5 on the fib scale as well as the touch on the RSI Indicator trend line .
Now with the Bull Flag ; according to said math and all that jazz it looks like we could be seeing a target of around 154k sats 2.01%. If it does indeed hit said target I will come back to this post and create an update with future targets. We are still technically in a Bear market so I don't like getting to far ahead on the charts. Anyways the Bollinger Bands are also showing a squeeze (not a huge squeeze) but a stagnant squeeze none the less and I posted screen shots of where we've seen this before within the Eve double bottom .
Some of you may say its a cup and handle but I do not and let me explain why... The reason being the volume within the middle of the cup. Within a cup and handle pattern you want to see a lower volume when its at the bottom and as you can see we don't have that going we have a lot of volume at the pit of the cup.
Happy Trading hope you all enjoy my TAs and give me a follow/like for the posts you agree with and as always this is not advice on whether to buy or sell just an opinion based on indicators so trade responsibly.
-CryptoLeroyJ out!
This is showing the touches I was talking about on the RSI Trend line should lead us right into the tip of the flag!
Trade closed: target reached:
Target 1 was reached but was reached so fast was unable to do targets 2 and 3 sorry everyone closing this and will reassess at a later date.