SUMMARY
My previous OMG Update showed the below chart where price was ready to breach the downward pointing symmetrical triangle. Price was $7.16 at that time.
Sure enough, price breached the symmetrical triangle and currently sits at $9.50! That's a 32% PROFIT! Now, it's just starting! The longer term target remains $32 but on the shorter term, I can OMG can see all time new highs!
The OMG/BTC pair is a bit behind the OMG/USD pari, as we now know, this is quite typical of altcoins. Expect price to surge upwards putting in the Elliott Wave impulses! Target remains 0.0034 BTC!!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
Follow me on Twitter for Real Time Alerts!!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**