Good luck trying to catch OMGBTC's parabolic rise

21 באוג׳ 2020

The title says it all. OMGBTC is extending the parabolic rise it started in May, this time on an even more aggressive manner as just in August alone it has gained +500%!

It has even broken above the multi-year bearish trend-line of Lower Highs and the 1D RSI is on an Ascending Triangle.

Typically it is very difficult catching such aggressive rises, the MA50 won't be touched until the very peak. I believe the best shot we have entering this is once (if) contact is made with the 1D MA20 (yellow trend-line).



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