I CAN'T DEAL WITH OMISEGO ANYMORE LADS

user I don't know how to break this to you but you know that this coin is up 2000% since august right?

It's still down so far, it just keeps on dropping man. It's resemblent of the slow, painful NEO bleedout, or Monetha. Man, those charts are depressing. I don't wanna be in those charts, capitan

It will when BTC hits $6k, sure.

THIS IS WHAT A CORRECTION LOOKS LIKE.

If you bought above 270 you're a fucking moron and deserve your bags. Get comfy fuckers, you're gonna be here a while.

What's the value of a logarithmic chart? I don't understand the difference between log and linear. Isn't linear a more accurate representation of how far price has comparitavely dropped/gained in real terms?

Its nothing like neo at all
You're a retard so just sell already it's obvious you don't have the balls to be in crypto for the long term

Keep chasing moon missions buying aths and selling at a loss you imbecile

I know but doesn't that mean it's not sustainable? That it's gonna fuck my shit up?

OKAY PAPÌ

PREPARE FOR THE INEVITABLE MOON MISSION AS SOON AS I SELL, I'M GOING IN

I'm actually not trying to fuck you user, you already bought high but do you see the potential for how low this coin can go?
Reminder that digibyte did a 90% retrace along with most other coins
this coin looks like it broke any hope of an uptrend on the daily chart already, like there's no more possibly memelines you can draw to pretend theres support there
I drew this line back in september and said if it closed below it OMG would be fucked

you can see it did a throwback and tried to get back above the line, but the support became resistance
usually it once this is confirmed, you get a really disgusting fucking retrace
Take a look and back test this simple single line support on the daily charts of sia, dgb, str, xrp - fucking anything really.

Once that major trendline breaks, its usually just donezo.

Figure it out yourself and stop making shitty threads on Veeky Forums because you don't know anything about investing and would rather follow the hive mind

NEO was driven by pure market hysteria. Then china happened and it dumped 60%, which was a little farther than the normal correction that would have happened normally. Now it's on its way back up from a healthy bottom.

What's happening to OMG is a normal correction. It's going to continue sinking for a while. Sell me your bags at the dip, my body is ready.

Damn dude

What's that line based on? How did you determine it?

Probs going to just sell, fuck my life

yeah you're going to get fucked beyond what you imagine if you hold.
please dont fall for the complacency meme, EVERY single coin has these bagholders saying "it just needs to cool off before the next rally! it cant just go up forever, let it consolidate here for a while!", but in reality their coin just dies a slow death
remember dgb, xrp, sia, and ethards. All of them are the same. None of them are unique, market cycle wise. Tech doesn't matter. team doesn't matter. they all obeyed the market cycled.

is ADX okay?

>Still comparing to dgb
Lmao. Keep drawing meme lines and trying to read stars

watch the buy and sell orders. It is sketchy. Looks like manipulation by whales

its just a trend line that many candles touch on the way up.
It looks a little weird in the other photo because I clicked daily there, but I mainly operate on the 4 hr for more detail, here's the 4 hour view (still dates back to coin release on bittrex)

the daily on the other chart also showed you a bearish ichimoku TK cross signalling you should close your longs...but that signal was 2 weeks ago, which is where the candles closed before my line. So you should've been stopped out a loooong time ago.

fair warning so you dont get mad: you are in possibly bounce zone right now. I'd vote on a deadcat bounce here as there is some horizontal support, but overall i still think drop potential is huge.

evaluate your risk to reward at this level and ask yourself if its really worth it.

> Partners with real world institutions
Sell, you ADHD downies

yeah it looked fine. It's still up quite a bit so it's not something I would buy, but if you're holding from the bottom of that consolidation you might as well keep holding.

>tfw bought as it was going up

yup, I've read shit like that countless times by people just as delusional as you about your coins tech and end up god awful bagholders
funniest ones were eth, neo close second.
>muh flippening!!!!!
before a fucking 80% retrace lmao

well, just a quick view on it, but if you somehow end up bag holding all the way down, just cut loss at 12k. break down past the old consolidation will fuck you hard. short term supports at 24k and 20k.

That's -50% from here but remember that 50% loss isn't really that hard to recover in crypto. it's just 100% on a new shitcoin and you're good. And yes, this is a really shitty stop loss, but you had a shitty entry so it's hard to get a good stop loss

80,90% loss is much harder recover from.

you fucking retard this isn't digibyte hahaha

Hey thanks user, I really appreciate your genuine advice. It's a little unusual to be receiving frank, informative information from someone replying to what is essentially (I concede) a shitpost.

I've made a decision: pic related.
If it drops below the 213K sat level, I'm out and watching closely.

thx. how do I learn like you?

Are you srsly shit talking eth
Lmao
Anyone non adhd autist who bought eth even at 400$ is set if they hold for a couple years
Same with omg

Do some actual research instead if drawing meme lines and obsessing over what's gonna happen in short term

zoom out on high time frames (4 hr, 1 day) and back test trading strategies.
I would just google price action and simple support/resistance and avoid anything too complicated. high time frame traders devour low time frame traders.
And just remember that 90% of the time, whatever you are fomoing WILL have a throwback and retest supports. So don't fomo. Ever.

if I had OMG right now, I would do the same.
There's a LOT of coins that are very low right now user, there's no need to focus on just one of them.

there is a large difference between investing and trading user. Doesn't take a genius to realize that people with lower income to invest, ie most of biz, will benefit more off trading. And I'm shit talking deluded fanboys, not the coin itself : )

i only hold about 80 omg coins. it's not a lot, but it is for me. I was considering hodling it longterm, do you think that's a good idea? i just want to try and forget about it for a bit

Okay boyos, we're almost at the 213K line - where I'm going to pull out what's left of my $5K initial investment (got around $4,400 left).

What should it be going into? Here's some coins I have no idea about but have been on my radar due to shilling here:
>WTC
>FirstBlood
>Blackmoon
>Verge
>Obsidian

Thoughts?
Suggestions?

This is basically what I decided. I'm still holding 300 OMG to hedge against some sort of surprise news, but I sold most of my stack for NEO and WTC. Best decision I've made yet in crypto.

I have confidence that this coin will moon hard when it swings back to bull, but for now it's in serious need of a correction.

If you're holding longterm, it's pretty much inevitable that it will reach new all time highs. Lock it away and forget about it. There's too much going for this coin for it to die. But for the people here who check their red candles daily, it's time to cut your losses and buy back at a lower price.

Hey user, with regard to this post What are some coins you're currently looking to jump into, or are there any you're long-term Hodling?

I really appreciated your advice before and would be grateful for any tips you may have. Not looking for someone to spell every letter out for me, I'm obviously willing to go and do my own research and make my own determination as to why I should or shouldn't buy a coin; but interested to hear your picks.

I think WTC is nearing its top for now. Wouldn't consider buying at this level.

Don't know enough about FB, OBS to make a guess.

Verge is going to do well, but not as well as you probably hope. Wouldn't hurt to throw $200 at it and let it sit for a couple weeks.

BMC is probably the best bet on that list, but it's a longterm hold. Luckily its sitting below buyback price (which current rumors peg at activating mid-November) so you're pretty much guaranteed some sort of profit by the end of the year. Of course, OMG is estimated to start bottoming out around the end of October, so you're playing chicken if you're trying to swingtrade.

>Thoughts?
>Suggestions?

Coss
everything else will make you shit, compared to coss.

long term, or forget about it for a bit? you need to pick one
Some of my bags are 3 months old and they aren't long term to me.
If you are investing, its for 5-10 years, and you should be fully prepared to see a 90% drop in your portfolio. Not that it definitely will, but thats something you need to be mentally ready for.

I dont want this to end up being me shilling my bags, so I'm going to name a few high liquidity coins that biz cannot really effect: ETH, XRP, DGB

Did I make fun of every single one of these coins' bagholders earlier in this thread? Yup. Doesn't stop me from trading them since they look good chart wise for me.

as for some shitcoins with higher potential profit, I won't name them but I'll tell you that there are a lot of coins on bittrex that look veeeery identical right now and are very low. They have been added to bittrex in the last 3 months, have active development, and are all holding 1-2 month+ bottoms.

Them all looking the same either means we are in store for a giant crypto crash or another alt season. stop losses are at just under all time lows, but that's because they're pretty close to those lows anyway. Good entry = tight stop losses.

good luck, I'm heading to sleep now

DELET

Lots of small buy orders still coming across though so that's a good sign.

Thanks for the advice man, I really appreciate the headsup.

When you say OMG is bottoming out at end of October, where do you get that from? Just your own trend analysis or is that a wider opinion I haven't picked up on yet?

Thank you my dude, I'm gonna go prowl low volume coins on Bittrex and see what I pick up

Adios amego

Yeah, I'm thinking of pressing "sell" and cutting my internet the moment I do so, so it just goes ahead and moons

My ID colour is foreboding of my destiny though

AHHHHHH WHEN THE PRICE IS LOW, YOU BUY! WHEN WILL ANYONE LEARN!

I WANT EVERYONE to focus on what this is now doing. A text book trendline requires 3 touches. which it had. that wick above the last red circle up there looks like a blow off top.

now this is what i want you all to look at and see, the green trendline which has been confirmed support has now broke, and the market has sold off every time it has tried to touch it. consistently lower highs after what looks like an exhaustion candle or blow off top.. and sellers appearing to be in control. chart posted is a little to high to see volume, but appears to show alot of trapped buyers.

to OP WHY ARE YOU TRADING WITHOUT A DECIDED STOP LOSS POINT? successful traders know when to exit before they enter a trade, and never do anything to that exit except raise the stop loss on a successful trade.

These reactions are fucking great. Keep it up, user.

This you idiots.

And EVERYONE is telling you omg is mid to long term holy shit what is wrong with you

Man i have literally not a fucking clue what that means, might as well have been Chinese.

I'm not some quantum-transient-trend analysis quasi-memetriangular linear-path traversing chart making pioneer, I just know a good investment when I see one.

I've always just bought and Hodl'd, which has always made me money.

I'm aware that OMG is a mid / long term Hodl. I'm aware that ideally I should just drop it in a vault and not look at it.

But I've dropped more than I ever have before, and I've got a weird feeling. The gay fucking stupid shilling of Jun and the team pissed me off and made me uneasy. The fact that the market is now immune to good news with OMG is not a good sign.

Plus, all these meme triangles are confusingly convincing that some shit's gonna go down - and that shit is OMG's price.

So I'm just thinking (this is for you ), despite the fact that I've always typically bought MORE when it went low (I scooped up heaps at $7.50), I've got bad feels.

Like I can see the potential for OMG to just plummet like a rock, similar to XRP or DGB. I can also see the potential for a slow, painful euthanasia over the course of months.

FUCK I DON'T KNOW WHAT I'M DOING MAN I KNOW NOTHING, WE ALL KNOW NOTHING. I'M JUST TRYING TO DECIDE. FUCKKKKK AHHHHHHHHHHH not gonna go pink wojak mode, but just want some guidance and external thoughts. Want others to state their understandings and rationalize them, to assist with determining whether my perceptions of the likely direction of this coin is in agreement.

But don't worry:
As stated, I'll let you all know as soon as I dump my bags so you can jump in on the inevitable moon. Similarly, I'll inform you all of when I FOMO back in so you can cash out before it inevitably plummets.

so you mean we have to sell now.
t. someone who bought at 6 and 3 dollars

Plasma bro. its why you probably got in in the first place.

Yeah but dude that's a full fuckin year (at least) away... how bad is it gonna bleed out till then?

And when it does get released, and OMG is at like$4.50, it'll moon up to around $8 or $9, and I would have still been in the red.

So wouldn't it make more sense to sell now (high), and buy back when it's lower?

I get your point man but my spidermandem senses are ting-gling

Is someone able to translate this into some kinda English?

I know - it looks sketchy as fuck and has been for ages, but I don't think 'muh whales manipules' can be explained for this coins decline

>
Bro I hope your trading this like a penny stock, with low amounts of money, because that reply was the most jibberish garbage i've ever heard period. maybe your drinking like i am, it is sunday night, bitcoins up since i got back in at 4081.. nazdaq futures are flagging hard as fuck on a 1hr chart.. and i'm beginning to realize everything i just said was russian to you. please look into some basic technical analysis areas. check out investorshub ihub whotrades and look into penny stocks to see what you should be avoiding with bitcoins (look into momo plays) so you don't get stuck holding the bag on runners. the key to winning on momo plays is being in before the pump starts. ((its a scam))

i trade professionally for myself, i make decent income and invest in rental properties that i can air bnb pretty much without dealing with garbage. i was where you were when i found stock trading about 15 years ago. don't learn the hard way, check the sources i posted and SELL IF YOU CAN'T AFFORD TO HANDLE A RETRACE TO THE SECOND CIRCLE, horizontal trendlines beat out angled trend lines every fucking time.
user i'm sorry but with whats posted on that chart, i can only contribute above info, i have no idea the time frame or volume profile. based on that chart, i would sell if i was up and buy at the second red circle trendline point only horizontal trendline.. if there was volume behind it. based on the chart, there is not enough information and i don't have this coin available on my trading platform. i only deal in bitstamp and coinbase. best of luck in your adventures and only put focus into bitcoin over the weekends when the futures market is closed.

Th...This one's for you....

Thanks for the headsup and the sources man, I'll be sure to check them out.

I'mma pull out on OMG, do some reading on what you just recommended and then find a good coin that won't ream me with apple stickers. Fucking apple stickers, man. It was the downfall of this coin.

do some research and you be able to play more able financial vehicles. there is no such thing as getting rich overnight, without inside info. then, your on a watchlist and you usually get caught.

>>t early 00's momo play chatrooms.

read into basic tech analysis, volume profile and fibonacci stuff. you'll be ok kid.

and tossing a lotto on some hot tip never killed anyone. never lotto more than you can't scratch off. best of luck.

Thank you, I really appreciate your help. Enjoy the fuck outta your Sunday night - I'm glad there's well informed and helpful anons still out there lurking this board.

Okay, It's done.

Everyone buy the fuck in; enjoy your moons

momo is like scalping right?buy if oversold and sell if overbought?

You ever played with FX? A lot of money to be made over these ways if you're patient.

you sold and it dumped
nice OP

Probably the best timed trade I've ever made

holy shit please tell me you have that pepe in a standalone image lmao

Yes, yes I do.

But it's too rare to give away the original copy. You can take this one though.

Sell OMG, buy link.

Selling ChainLink right now is like selling OMG when it was around $3. Look at what happened right after the sell off in the red circle. That's where we are right now with LINK.

What happened after that sell off? MOON!

And don't forget ChainLink has much better fundamentals than OMG too.

>tfw not on bittrex

ask me how i know you're a newfag

Been here since 2009, but how do you know I'm a newfag, oh wise one?

I should enjoy to hear this as well. We're waiting user.

Binance or EtherDelta. Binance is safe and user friendly.

Bittrex has become pajeet tier and hardly add any new coins.

They just started adding new ones again in the last couple days. LINK rumored to be coming soon which should be YUUUUUGE!!!

WTF is happening to omg...?

Hey I always see LINK and GAS being correlated.
What's the link (no pun intended) between the two?

>Okay, It's done.
>Everyone buy the fuck in; enjoy your moons

Some people draw lines, some people have fundamentals.

I buy on these posts because I used to be this guy.

how easy to transfer coinage to binance?

I dunno why you arent on bittrex. It makes Binance look like a joke

no the coin LNK isn't on bittrex

I think you're thinking of GAS & NEO

going to cash out before it goes into the 8s

Where's the goddamn double bottom!!!

This coin has cancer - possibly AIDS, but further tests are still being done to determine that.

Get out now until it goes into remission

Fuck OMG! Buy MTL now and thank me later

I just read this whole thread I am so glad I sold OMG last week and went 75% in on ODN wew

Sell OMG, it lost its hype for now. Buy NEO before China regulates crypto and you will be in to 3x your money.

The fundamentals of this coin are something even Warren Buffet would be interested in. Somebody get Warren Buffet on the line... Warren Buffet.

I invested way too much into crypto at the wrong time and have put way too many hours trying to rationalise market behaviour. It has certainly taught me a lot. Think about it, there's no bad news to explain this (is there???) - so it's likely pure hysteria. Please correct me if I'm wrong. This is one crypto with real-world potential.

It's getting well into the over sold zone at 1 mo res without any good reason. At 7 day res it is massively over sold. The further down it goes, the more likely it will bounce back after you sell. Then you'll really be pissed.

For once, Ima hodl until it comes back.. If it does. See you on the darkside of the moon amigo.

Source of rumour?

down down, prices are down

>bought at ATH
>wants to sell low

do it in true Veeky Forums spirit

data dash called it on saturday guys you can't have a 10x without a correct look at the 1day chart it hasn't had its major correction yet

who's data dash?

Disregard this, found it

youtube.com/watch?v=UPa4i7MUOXs

looks like its crashing now

thank god i sold