OMGBTC- Waiting for a COT on the 4hr

OMGBTC was one the coins that held up well against the Chinese news. Price is testing the 0618 level of the full move. A Fib analysis provides us with an indication of where we may head to if the trend resumes 127% & 161.8 overlapping price targets. We need to see a HH on than the last swing high on the 4hr to take this trade as the trend has not changed. Once a COT (change of trend) is confirmed by a three step pattern the Bulls will move in to take this long. If we break this level we are heading down to the next fib level before the Bulls come to play.











Please use caution when you trade - the plans I create are my thoughts based on past experience in the forex market, they are not advice.Feel free to donate BTC to my account if you happen to benefit from my plans.

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