Predicting OMG Pumps

Investment legend WD Gann is known and ridiculed for his supposed astrological approach to trading, where planetary cycles and zodiac signs could be used to predict the markets. Gann's approach also included and probably more likely was based mostly on mathematical study of squares and Fibonacci numbers, which of course are well-appreciated here on TV. Many tools attributed Gann are available on Trading View, and many traders use them - although they are seeming too esoteric to garner many likes.

One of the more simple methods is to simply be aware of the mysterious and magical 144 time unit cycle. OMG seems to be showing this Gann / Fibonacci cycle pattern in which the magic number 144 can be used to predict market cycles. I've charted the 144 day cycle going back to 2018, offsetting the lines so you can see the dips more clearly. At the end of each 144 day cycle, OMG dips and then pumps. We are experiencing that pump now, where OMG is outperforming other alts in recovery.

Looking forward, the next cycle will end Sept 29, at which point we could see another crash and pump. Where will we be at then and how big will the current pump be? Of course, that depends on the market. Looking back over the last 3 years of 144 day cycles, there's some evidence to help. Obv, in a bear market, the pumps are modest and in a bull market they are epic:

2018 BEAR MARKET


2021 BULL MARKET


What I take from this is actually not so much about the pumps as it is possibly a good tool to predict the dumps. In the week or so following the point I've marked, the drops are significant before the cycle begins again.



For what it is worth in the current crash, the bottom is likely in according to this pattern. We should expect this pump to last a bit and then... well, let's look again on Sept 29th :)