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Qtum

$QTUM #QTUMBTC Extensive Technical Analysis- Day Trader ExplainsHello Lads and Ladies, Welcome back to TJs Daily TA session. Today, we will be looking at the trading pair of QTUM/BTC, requested by the Traders of School of Sparta. This trading pair has been making people a lot of money in the last year and it seems like that it will do it again very soon. I will tell you what I see, how I will make my own trade and explain how this might play out in a long term and in a short-term set up. To start off we need to identify where we are in the market and what happened before, so we can understand where we are headed and what we might see in the future. We are using the daily chart because only here we are able to correctly see and identify the trend. The reasoning behind this is that we do not want to trade against the trend and actually be able to get with the directional momentum of the chart. Looking at QTUMBTC we can immediately see that we had a very strong and continuous downtrend form many months up until we came to a form of support and confirmed it after bounces, then broke the trend with a nice double bottom structure indicated in the yellow circle. Yet, as we know the crypto has not moved a lot in the last few months and is lacking of the correct volume and volatility. Therefore some coins and charts have a rather sideways going chart and action, here we see the same example again with QTUMBTC. Sure, a sideway action could be short-lived and just "small stop" in the chart, yet it is holding itself for quite a long time there and keeping its support while everything else is going up, especially its oscillators and indicators. Therefore we can say with a 80% certainty that it has bottomed out and is now in an accumulation of all of the coins that got sold over the huuuge downtrend. We have seen sudden pumps and continuations of the pumps, yet nothing really significant yet. Which leaves us with the most likely possibility that people are buying a lot of it, yet not pumping it high enough to gain attention and have a really big breakout due to FOMOers and unexperienced traders. Opportunities like these are not there very often and only traders with experience get to trade it and fill their pockets with a lot of BTC when the accumulation ends and the price starts moving upwards. A view behind the scenes - "unfilled expanse" When looking at a chart, the market structure and its movement creates an expanse on the chart of which you can actually calculate its surface. Now, the bigger the expanse is above the chart, the higher you have a "pull" of the chart, connected with a high buy pressure. On the other hand, the bigger the expanse is below the chart, the higher is the pull down which is connected to a higher sell pressure. Looking at these areas can help a lot while understanding the look behind the scenes. This works on small as on bigger timeframes and will be a topic in one of my next live-sessions. From a rookie look, one could simply look how many possible targets above are there and how many possible targets are below. With QTUMBTC we see that the targets above are many and wide spread, where we see here as we saw in NEOBTC as well, that there is only one target left below and breaking it would mean a complete breakdown of the market. THE THING IS, with each day and week moving sideways, we have higher and higher expanse which then at some point in time will have a TOO STRONG pull and the chart will break out and start moving upwards, while doing so gain momentum and maybe even enter an exponential phase. As a small side note, after the last bigger push, we have now had a 61.8% retracement and are basically in the perfect position to see the next impulse move, which might or might not be the first move to break down the downtrending structure. Funnily enough this 61,8% retrace is at the exact price of 0.000618... Based on all of the above I will make my trade like follows QTUMBTC / Binance BUY 618 - 575 - 550 - 520 - 500 Targets 800 - 950 - 1275 - 1400 - 1750 - 1850 - 2000 - 2200 - 2400 - 2700 Stop Loss Close Below 450 Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group. Cheers, TJ
Long
by KongTrading
[QTUM/BTC] COULD BE A REAL SURPRISE [ 50-250% PROFIT]#QTUM / BTC ( Bittrex ) Buy Range : 0.00059-62 Stop Loss : Not recommend Target 1 : 97425 Target 2 : 153132 Target 3 : 270262 WEEKLY CHART : - RSI touched oversold zone and now its pushing high - MACD is lossing bear momment and starting to show positive action DAILY CHART : - RSI touched very oversold zone and shares a bullish divergency - Supported by EMA20 - Downtrend broken and new pattern spotted - CCI turned into GREEN - MACD continue climbing and sharing positive action 4 HOUR CHART : - RSI looks overbought but it could extend positive mommentum - MACD and CCI looking to do another leg up after small retracement - RSI divergency visible on this timeframe too. - EMA20/MA50 below candlesticks and MA200 is being testing right now. - Big volume action on the last hours - Ichi cloud broken and offerin support
Long
by MikeCryptoSignals
QUTUM partners with Amazon as Trade Volume goes ballistic Yesterday, on the 17 October, QTUM has announced a partnership with Amazon Web Services (AWS). The goal of this partnership is to establish Blockchain-as-a-Service (BaaS) through AWS. This partnership could be huge for QTUM as AWS users as well as developers will be able to develop and run smart contracts through Amazon Machine Image. These services will be focused primarily on creating the bases for enterprise-grade solutions, an identified need within the BaaS model of AWS enterprise customers. As know, QTUM has a hybrid platform, which can merge a bitcoin alike blockchain with the Ethereum Virtual Machine. This certainly will make it much easier to build dApps on a wider scale. “Qtum is one of the most decentralized entities on the internet and AWS is one of the largest cloud providers in the world. It is a perfect combination for users and the enterprise. We look forward to continue making Qtum’s smart contract and Dapp technology available for what is arguably its most in-demand market, the enterprise,” said Qtum Co-Founder Patrick Dai. However, rumors are; what if this partnership is simply overhyped, and in reality means that Tron (QUTUM is a brainchild of Tron) is purchasing could computing power from Baidu? Well, the day of announcement, QTUM made a 16% gain over the Bitcoin, with the huge spike in volume, which might indicate the starting point of recovery after the massive selloff. Nonetheless, price didn’t manage to break above the btc 0.000650 resistance, that is a 361.8% Fibonacci retracement level. While the daily close remains blow, QTUM/BTC uptrend expectations might be a little premature. If/when the resistance is broken, price should be able to reach the key resistance level at btc 0.001120, which is simultaneously a 38.2% and 525.2% Fibs. Only clean break above the key resistance shall indicate on the beginning of a longer-term uptrend. Yet, price remains under selling pressure, even after the QTUM announcement of the Amazon partnership. Does it suggest that such a ground-breaking partnership doesn’t mean much for investors? Only time will tell, but if price breaks below the btc 0.000523 low, tested on the 15 October, the bearish trend will likely to continue, down to either btc 0.000374 or 0.000228 support level. Support: 1. 0.000541 2. 0.000374 3. 0.000228 Resistance: 1. 0.000651 2. 0.000881 3. 0.001120
by CryptalDash
Things You Might Wanna Know About $QTUM. Bottom Line?I published a quite many "long" category charts at the moment, not because of bias, but because of it indeed the buy season! QTUM sounds like Quantum for me... and quantum for refer to quantum computer. A Super computer which one day is way better than what we have today. Nope. They're Not. What is QTUM? QTUM is a coin that separating the settlement and computation layers of blockchain allow for greater flexibility. Qtum’s stacked approach enables multiple virtual machines or run environments to operate on top of the blockchain. They're getting ready for the business. As QTUM on have 101 mills total supply, minus 15 thousands, it actually have 89 mills on circulating. The fact that you need to know that QTUM has a predicted cycles which right now it's already on the very bottom of it screaming: BUY MEH BIAAATCHHH!!! QTUM is a solid project until today, but just like most of the project on the game, the chart is quite suffer in bear market. After a very long wait in the game, this coin can be pumped anytime soon. So still have a chance to accumulate right now. Don't miss the train. This bag will be boring as I recognize them as slow market lately but, it'll be pretty much worth it. Follow targets on the Fibonacci. If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
Long
by blockchaindedi
1
QTUM has no resistance aboveMany alts are forming bottom now and QTUM is one of those that always was considered to be a good investment but fell like ETH and many other favorites. What I like bout QTUM is that it has so small resistance above when you look at daily chart. It doesn’t mean it will make 200% in one day but the road to that target shouldn't be too hard. Currently the price is at breakout point, which is around 620. It will either breakout from here or fall back to 600-610. I will be catching it below.
Long
by WiseAnalyze
1
This Coin Is Attempting A Reversal The TRADE: A tight stop loss trade looking for about 5 day holding at a ~ 10% target. Get in sub 625 with stop loss of 610 If stop loss hits and you still seek to make the trade re-enter at 590 or 600. Target 700. DISCUSSION: This coin seeks to be making a reversal as we can see on medium range daily chart: The U shaped reversal pattern on the daily signals to us a potentiality of a continued upward channel movement within two potential domains: ( see image below ) 1. the yellow channel region is the region of highest positive sentiment concerning bullish behavior. 2. the green channel region (top and bottom green lines) is the low grade positive sentiment concenring bullish behavior. If we can see an increase in volume over the next 72 hours we will should see positive motion maintain within the yellow band. Elsewise we will extend sideways action within the green channel. A trade opportunity is made on a weekly time frame as well with the apparent bottom forming. What is required is that a volume increase emerge. The Coin has experianced massive clear out and the bag holders are present. No doubt they want to see their positions clear however the steep drop down leaves it likely that only the longest term holders have positive power to inject without high risk of loss. Thus... we require that the "small scale traders" can keep this positive momentum going, however that requires increased volume. Keep an eye and go for this trade...
by Altcoin_Ninjas
BullFilter showing bullish divergence & long opportunity on QTUMAnalysis: Correction ended, and accumulation nearing final phase. Spikes in volume combined with bullish divergence are showing the fingerprints of a pre pump situation. Breakout from this channel expected near term. Entry Point: General Entry is this range is fine, just look for a local dip/low. Looking to go long in the range of 530 to 550. See detailed screenshot below, using Bottomfinder to find best local entry. Take Profit: The dashed red lines represent target take profit levels. We suggest cashing out 10% at T1, 35% T2, 50% T3, 5% T4 (or let it ride if it still looks bullish). Stop Loss: Stop Loss suggested at 480, which is below the liquidity pool likely located in the 500-525 range. Upon completion of T1 move stop loss to entry point to secure a risk free trade. Additionally continue moving stop loss up by one target each time a new target it reached. i.e. when T2 is reached, move stoploss to T1 level. This way you can ride out dips with no anxiety and automatically exit the trade in profit should you not be around to monitor!
Long
by theheirophant
A trading opportunity to buy in QTUMETHTechnical analysis: . QTUM/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.016700 to 0.013950). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.016700) Ending of entry zone (0.013950) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.020200 TP2= @ 0.023570 TP3= @ 0.028240 TP4= @ 0.037080 TP5= @ 0.044220 TP6= @ 0.051400 TP7= @ 0.061560 TP8= @ 0.074510 TP9= Free
Long
by ForecastCity
A trading opportunity to buy in QTUMETHTechnical analysis: . QTUM/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.016700 to 0.013950). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.016700) Ending of entry zone (0.013950) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.020200 TP2= @ 0.023570 TP3= @ 0.028240 TP4= @ 0.037080 TP5= @ 0.044220 TP6= @ 0.051400 TP7= @ 0.061560 TP8= @ 0.074510 TP9= Free
Long
by ForecastCity
2