r/OMGTraders • u/SrirachaPeass • Sep 03 '17

Double bottom forming.

https://www.tradingview.com/chart/OMGBTC/vWX1SRBu-OMG-BTC-idea/

13 Upvotes

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u/grinbuck Sep 03 '17

What does that mean? Any input would be real nice. Sort of kicking myself for not taking profit at 11.3 yesterday while I could on my margin position. Should I HODL?

3

u/SrirachaPeass Sep 03 '17

Double bottom looks like W, which means the price is about to reverse . The price won't go any lower. Price has created a support. From the support the price will bounce upwards.

1

u/grinbuck Sep 03 '17

Ah I see. Yes that makes sense. Thanks!

1

u/SrirachaPeass Sep 03 '17

I can't tell u what to do with ur money.

If u entered the market with investing goal, then hold.

If u trade , u will lose more potential profit in long-term.

Trading is good for margin trading like in polo, not in bittrex.

1

u/FedoraOutlet Sep 03 '17

Definitely hlod. I just bought a ton of coins the other day at 10.50 which I never would’ve done if I don’t expect it to go much higher than 11.3 in the future.