SUMMARY
OMG is also displaying a similar price chart pattern as BTC, ZEC and BCH and just about all coins out there. This is because sentiment is pretty uniform! This is also called "All the Same Market" trend. You see this in stocks and commodities as well. Often, the charts of the SPX will have very little difference to the chart of the DOW.
OMG can also be counted in an impulse from it's recent bottom (i,ii,iii,iv,v white) to make up the sub waves of Wave 1 (blue). The requisite a,b,c, (red) correction is placed and has actually put in what appears to be an impulsive motive ((i) (ii) (iii) (iv) (v) white). The key to give greater confidence tha the bottom is in is for OMG to start makeing higher highs
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
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.
haejin..did you know trading view has some elliott wave tools on the left such as impulse and correction and triangles? It allows you to quickly place the points and saves you time instead of having to place each number and letter..just thought I would mention this to a fellow Elliott Waver..MotiveWave is supreme, but it does a good job..cheers friend
Ha! There it is! thanks! I'll definitely use these!
:) @haejin and @shawnster....it's almost comforting to see my master learning something....Thank you for your teachings....remaining humble always!
cryptosim...thanks for chiming in..I've followed EW since 1995 and it saved me from the dot com bust and 2008 crisis..to me it's much more effective in mid to long term counts..daily counts are harder to master for me..haejin is very educated on the important basics of the rules which made me read his articles and watch his videos further..another thing that I like about crypto so far is that the futures markets haven't entered into it yet, which doesn't make it a mess...yes it will bring new money and interest which is good, but man the EW counts get all messed up..that's why i like this arena today...cheers
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