OmiseGO has been on the downtrend for a while now after forming a head & shoulders pattern on the chart. It has dropped from it's highs of 320K satoshi's all the way down to 166K satoshi's, or about $7.70
I'm a staunch believer of the potential of OmiseGO, but I did sell about half my stack a while ago when I noticed the downtrend. I am now looking to buy back in, for significantly cheaper than I sold! I feel like we are about to approach the bottom of the dip which should be the ideal buy-in opportunity to profit the most when it goes back up!
The question now becomes: what level will we bottom out??
I have set my buy orders at 158K, 155K 145K and 135K (last one 'just in case') satoshi values, hoping to catch the bottom! I'm curious to know what you all are thinking! Do you agree with these levels or do you see more downtrend in the near future?
Are you buying in too?
Disclaimer: I could be wrong of course, always do your own due diligence and research!
Hard to say, I can see it dropping lower but you never know.
Outside the top 5, for now, everything is being dumped for BTC with the upcoming segwitx2 and possible hard fork shenanigans. Just like in August expect a lot of volatility in most of the alt coins.
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So much dumping going on. Sad life of an altcoin hoarder.
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Set my Buy Order at 150k.
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Oh god we are so close to 150K I am having such a hard time controlling myself not to buy right now! I actually bought a few at 160K, just so I wouldn't miss out in case it doesn't drop further.. !
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Yeah really hard time, but i guess BTC will hit the 4700$ Resistance soon, and that will be the Point where OMG drops to the 150k.
Just my personal opinion.
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I caved in and bought. Not so sure it will drop further, although I still have buy orders at 135K, 145K and 150K just to be on the safe side. I currently bought in about 30-40% cheaper than I sold so not too shabby.. decided I would rather have that, than get too greedy over acouple percent extra and miss out!
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hah ! well, good call! It just dropped to 150K so I guess your orders went through. Another one of mine did anyway :)
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