OMG: what do I do ?!
hi.
In essence, this chart applies to several Alts i.e. LTC.
Only my call for ETP seems to be hanging in there - just - and probably would have made a much better move with it's timely new listing on the european exchange, if it were not for these testing times.
So, as money drains from most major alts it's a rough time for holders ... and possibly a great opportunity is approaching for buyers.
What I see here is a desending / falling wedge that will soon hit fresh supply (light blue lines). This pattern is a reversal pattern. No doubt the first of these supply levels will cause a pullback probably smaller than the previous retracements. But in 2 days or more - depending on candle formation - we may have the signal for a price switch. We can only wait and see ...
... and the way things are going, I would not be surprised if there is a dramtic price spike downwards to hit the sub 4 level structure and supply. So long as the OMG team have survived this drain - what a bargain buy!
For those holding - hang in there, what else can you do? Eventually we will climb back up to the MIDAS support channel. It might even be a quick rush up with fresh btc profits! Who can tell?
All the best.
In essence, this chart applies to several Alts i.e. LTC.
Only my call for ETP seems to be hanging in there - just - and probably would have made a much better move with it's timely new listing on the european exchange, if it were not for these testing times.
So, as money drains from most major alts it's a rough time for holders ... and possibly a great opportunity is approaching for buyers.
What I see here is a desending / falling wedge that will soon hit fresh supply (light blue lines). This pattern is a reversal pattern. No doubt the first of these supply levels will cause a pullback probably smaller than the previous retracements. But in 2 days or more - depending on candle formation - we may have the signal for a price switch. We can only wait and see ...
... and the way things are going, I would not be surprised if there is a dramtic price spike downwards to hit the sub 4 level structure and supply. So long as the OMG team have survived this drain - what a bargain buy!
For those holding - hang in there, what else can you do? Eventually we will climb back up to the MIDAS support channel. It might even be a quick rush up with fresh btc profits! Who can tell?
All the best.
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