OmiseGo (OMG): The Jaws of Wealth Still Holding

in #omisego • 7 years ago

SUMMARY

Omisego (OMG) is still well within the broadening pattern known as the Jaws of Wealth. It too is in corrective mode and follows Bitcoin to a lower low; its pretty important for the bottom white support line to hold and provide the base for a sizable turnaround. The blue lines also trace out a broadening pattern and price is curently sitting on the blue support. IF this is to be a simple a,b,c correction, the c wave subwaves are labeled as targeting the white bottom support.

This chart shows pretty much the same but with a complex triple label as it would be unusual for the correction to end in a simple abc three wave. I wouldn't be surprised if Bitcoin finishes correcting and turns but OMG still continues sidesways, churning the price for a few more weeks. Prior correction shows exactly such mode. After the correction, OMG is expected to still target the upper white line of the Jaws of Wealth!

Legal Disclaimer: 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.

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7 years ago in #omisego by
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     7 years ago 

    Where's @haejin from? I like his writing style.

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    [-]
     7 years ago 

    Pigeon english may be a clue. Let me consult Watson

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    [-]
     7 years ago 

    lol, i was asking from where exactly.

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       7 years ago 

      Can someone please explain to me while this is being downvoted so severely? Let the man speak! #IBelieve

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      [-]
       7 years ago 

      It is because most of his activity is voting for himself and all his money comes from himself and another whale. He is also taking 3.67% of the SteemIt reward pool. This is causing Steem to not circulate through the market and could lead to Steem ultimate demise.

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      [-]
       7 years ago 

      I think I'm going to give @haejin another upvote

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         7 years ago 

        it's because he is making a dent in the income of berniesanders&co and their upvoting scam business like randowhale so they re trying to suppress him by force and spam .

        [-]
         7 years ago 

        Can i get rich from commentating on @haejin's post?

        [-]
         7 years ago 

        let us see his OMG report I love OMESIGO lol

        [-]
         7 years ago 

        I've been sitting on OMG for a few months now. I'm in it for the long haul for sure. They are quite an understated company in terms of marketing, i get the feeling at some point they'll just say 'alright, we've taken this massive leap forward, check it out' and then thing will go suitably bananas. I'm happy holding through whatever happens in the mean time.

        [-]
         7 years ago 

        Westerners who don't pay attention to the coins that will open up the Asian markets are just LARPing as crypto-traders. OMG has a lot of upside potential beyond the TA.

        [-]
         7 years ago 

        Nice one @haejin
        I just upvoted, started following you and what ever rewards I get from this comment, I'll split in two and send half to you for your beer winks
        Thanks for the information once again 😉

        [-]
         7 years ago 

        thanks for the update hope it holds up ;)