QSPBTC trade call
I am very bullish on QSP and will be looking to take a couple of nice long positions to fill my bags today.
BTC is hitting alot of previous structure around 9200-9500 for the last few hours, if we break out there, it should go for a run to 10-11-12k for a big resistance there.
If btc plays out there will be some great trade oppotunities to pick up some good quality alts at rock bottom prices.
QSP has been trending down but still in an overall bull flag pattern drawing closer to the end of the pennant, a btc pump of 10-20% will most defintely see qsp tank to lower support.
Alot of previous support around 2500sats how ever a rapid price increase of btc will see qsp break that support for sure and head down to a lower level, my target is 2350sats, how ever i will run a tight stop incase the drop is harsher than expected and ill pick it up at a lower level 2200-1800.
Im happy to sit on it for a long run rather than taking an easy 10-20%, i can see an easy 50-60% here if it hits my target bottom this will show a rsi divergent bottom which could indicate a nice trend reversal which could see us hitting previous highs of 5000sats mid term.
BTC is hitting alot of previous structure around 9200-9500 for the last few hours, if we break out there, it should go for a run to 10-11-12k for a big resistance there.
If btc plays out there will be some great trade oppotunities to pick up some good quality alts at rock bottom prices.
QSP has been trending down but still in an overall bull flag pattern drawing closer to the end of the pennant, a btc pump of 10-20% will most defintely see qsp tank to lower support.
Alot of previous support around 2500sats how ever a rapid price increase of btc will see qsp break that support for sure and head down to a lower level, my target is 2350sats, how ever i will run a tight stop incase the drop is harsher than expected and ill pick it up at a lower level 2200-1800.
Im happy to sit on it for a long run rather than taking an easy 10-20%, i can see an easy 50-60% here if it hits my target bottom this will show a rsi divergent bottom which could indicate a nice trend reversal which could see us hitting previous highs of 5000sats mid term.
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