SlumcoinMillionaire

SlumcoinMillionaire

Bitcoin has been in consolidation mode since our ATH and the lowest dip to 6k that followed. I am anticipating a rough next 10 days where we dip to somewhere in the neighborhood of 7k to form a higher low, followed by a sharp bounce back up to the resistance of the pennant. With some follow-through buy volume I think we will see 3-4 long green daily candles that...

SlumcoinMillionaire Updated 

The Head and Shoulders pattern that is forming on the 4H and D charts could have huge implications for the short and mid-term price movement of BTC. The short squeeze on 4/11 that propelled us to these ~$9k levels was also able to help BTC break through the mid-term bear channel resistance from ATHs (BLUE line on the log chart). Price action in the last three...

SlumcoinMillionaire Updated 

Here is a simple chart showing the route that I think OMG/ETH will take in the next two weeks. The ATH for this pair is around 0.045 and I think we're seeing a parabolic move back to those levels (and beyond). I believe the value of the OMG project was priced into the initial climb to ATHs back in August and September 2017. After a large correction back to...

SlumcoinMillionaire

These last couple of weeks have been great if you’ve been following OmiseGO. There hasn’t really been any deception in the OMG/ETH chart and the swing trade I opened last week has developed perfectly up to this point. I’ve closed 20% of my initial position at 0.025, and my second sell order for another 20% closed at 0.0285 in the middle of today’s rocket of a...

SlumcoinMillionaire Updated 

The bull flag trade I initiated last weekend is starting to play out perfectly! With the announcement that the hard spooned Cosmos OMG tokens will be tradable and stakable, I believe that people will be FOMO'ing into OMG to essentially receive double the tokens. There will be an announcement 2-weeks prior to the airdrop snapshot, and OMG holders will have to...

SlumcoinMillionaire Updated 

After further analysis of the Bull Flag chart that I posted yesterday, I have decided to place a buy order at 0.0205 for a swing trade on OMG/ETH. I believe that there is pent up demand and interest around this project that will lead to a parabolic increase in price once more information is announced regarding staking, partnerships that are currently under NDAs...

SlumcoinMillionaire Updated 

OmiseGO Community is anticipating news next week and has been holding its ETH ratio in a very bearish market. For these reasons, I remain bullish in the short term and plan on trading this pair. If there are any announcements of partnerships that were previously under NDAs once their ewallet SDK goes live on Honte, I plan to play a . Look for a bullish break...