QTUMBTC: ARE YOU READY?Hello friends,
QTUM already accumulated for a while, It's looking pretty good right now, if it's able to break the wedge with a decent volume it's definetly going up.
Also RSI is acting as support at level 50.
I set my stoploss just in case the wedge gets invalidated.
- THIS IS NOT FINANCIAL ADVICE -
Qtum
QTUMBTCThis is how I see QTUM now. We are now in the second wave and it is in a huge falling wedge, and we have just finished wave D. IMO we are now forming wave E, in which, either the target will be slightly under 0.786 fib lvl (0.0014 sats, which is the subwave 2 of wave 1, a strong support zone) or we will just hit at the 0.786 fib lvl and made a beautiful double bottom and bounce out of the freaking falling wedge. Thus, either way, we will first go down to retest 0.786 fib before forming wave 3.
again, it is not financial advice or FUD. I still believe QTUM is going to make a beautiful wave 3 up to area around 0.006-0.007 sats. Thanks.
qtumeth 4/4BB band is squeezing so hard and this indicates there will be some big movements in these few days. Coincidently, it is now squeezing into a symmetrical triamgle, just FYI, a symmetrical triangle is a continuation pattern in the graph, so there is a high probability we might see a breakout from the triangle. Again, it is not financial advice, just a random stupid fucker practicing on chart.
QTUM/BTC ready to go!?It is approaching a critical resistance/support fibonacci line, namely the 0.0020 price. This is evident as it has been sitting at this location for some time now accumulating volume. We have a definitive uptrend as indicated by the black trend line. The MACD is ready to go and the cloud is thin, indicating the potential for a breakout. Wait for a move past 0.0021 For more analysis check out
t.me
QTUM Daily TrendQTUM Daily Chart from the 3-31 CointheCrypto youtube video!
coinmarketcap.com
qtum.org
notes on QTUM
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As Requested! Cash Is King is here for you!I am sure you want to read this as there is a lot of BTC sitting in QTUM right now, loads of people asking me to look at this coin so here is the update.
We have been trending down now for a couple of months and we have seen large pullbacks like this before and we have then continued to trend down.
You can see we have formed a descending triangle and it looks as though we have gone into consolidation for the next move up, however indicators tell us otherwise.
If you were to look at the sells in Qtum you would say we are looking at breaking low out of the descending triangle and this was just a pullback and we will continue the downward trend to targets in black.
There is a chance though even though strength indicators are telling us we will see a drop that we do break high of the descending triangle the only reason I would say this as we will receive support from the .618 fib which may provide us a point we bounce from and we will see some volume flood in.. To support this move we need buys to come back in and momentum needs to remain over 45 on the RSI to give us the indication we will head that way.
We do not enter this trade until we were to break high of the descending triangle.
Indicators tell me we will break low and continue down, if this is the case and we break the red base line I would be selling and reentering down at the black targets.
Cash is King!
QTUM return?I try to forget about fundamental analyse but still keep returning to it from time to time (each time loosing money because I ignored technical alerts). QTUM here is one of my favourites. I was lucky/wise enough to sell it on 1st of February just before it started falling to where it is now - 60% in 45 days. Wow... thanks God I thrown away this HODL word from my lexicon =)
So now QTUM is bouncing between to SR zones born back in December (as well as Fibonacci levels that are working here as in a textbook). And I feel it has a potential for return. If it bounce from 178400 (maybe even 168000) and go above 188200 that will be a buy signal for me. Next alert zone at 196000 and than 202000. If you do quike trades these would be your sell points. If long.... well, I wouldn't be so sure about the long trend with such a volatile BTC 1.20% but who knows. After all QTUM has its own full node in SPACE!!! =)) no no no, don't think fundamental. Only the tape has it all. No need for news ;)
Check out day TF chart.
P.S. That ain't no financial advise. This is only for personal purposes helping me finding my weak and strong technical analysis sides. Trade on your own risk.
Qtum (Qtum) Update: Qtum is ready to launch!
Last few hours, Qtum has made a very impressive move. A noticeable volume spike was observed and it dramatically changed the trend. It seems that Qtum has successfully completed a long wedge pattern.
On the chart, the volume spike is appeared at the end of wedge, and it successfully breached the downtrend. The MACD is dramatically curved up and shows a positive signal.
If the Elliot impulse starts steadily, the Qtum will be priced at 0.0077 BTC (extensions in wave 5 are expected).
One thing to note is that if sudden price increases persist, you should pay attention to the change in RSI. When the RSI enters the overbought situation, it should prepare for a sharp decline.
QTM fight on supportQTM is actually on a very important support level (fib retracement 23.6% and also a swing trend line).
This level has been tested several times and till now it has shown enough strength to hold the price.
But with falling momentum (nearly no volume), falling coin prices generally, a RSI in negative zone and perhaps crossing long trend line - the danger is high that QTM drops below this important support.
In this negative case next halt would be a swing trend line at 19$. In the upgoing trend (dec 2018) there has been a very fast rise from 19 to 25$ - today it could go the other way round.
Stop: below the actual support
Buy: only if QTM fights back and crosses the upper limit of the descending triangle, with more momentum in its backpack.
QTUM King of horrendously low RSI levelsSo qtum's biggest move of 2017 came when the RSI absolutely hit rock bottom. An abysmal low 13 on the 4 hour and 16 on the daily.
Ouch.
Fortune favors the brave, however, and QTUM rocketed to new highs.
what can we learn from this?
1) don't buy until it REALLY hits bottom. i don't care if you haven't seen a daily RSI below 18 before. get ready to see one.
2) there is no guarantee this one will trigger a bull run. the fundamental difference between the previous bottom out and this one is that in the first option, btc was in a parabolic up move. Right now it is trending downward and so the sell off in QTUM, like all the alts, is a sign that buyers and even holders have left the building.
Instead of buy and hold, be prepared for buy and sell 15-30% profit.
3) QTUM is making HUGE partners in china. new fundamental developments could trigger a legitimate bull run.
Good entry areae have many things to talk about
The chart in front of us shows us support areas and resistance and the bearish and rising trends clearly
When we follow the process since the last rise on 7 December 2017
Our support and resistance areas are as follows
0.00144893 BTC Support area turned to resistance
0.00170056 BTC resistance area turned to support
0.00203104 BTC resistance area turned into support and considered a support area (resistance) strong price is now
0.00282399 BTC area resistance turned into support
0.00405990 BTC area resistance turned into support
We have a red candle that hit the stop loss and broke the upside move on March 7, 2018
This candle pulled out the traders from the market
The price now responds to a strong support area at 0.00203104 BTC and the price reached below the 30 point line on the RSI
We expect the price to rebound from that area gradually until we reach the strong resistance zone 0.00282399 BTC
The probability of a break and breach of the support area is 0.00203104 BTC The prices will be limited between the new support area at 0.00170056 BTC
The point of entry is now good, and it is preferable to buy gradually and support the purchase from the bottom in the case of a drop to the areas that have already been injected
QTUM BTC after huge eliot waves comes fight between the bulls and bear ,, after bouncing between the support and the resistance ,bears raped em ... but you need to kill your enemy not just raped ... so bulls made a last pull back and then died like a heroes and come standard correction so ,, the bears took all the meat , and are fleeing one by one , The new steers growth up so we can look here for some fresh breakout ^^ gl hf
QTUM falling to the Support level1-Day Chart:
QTUM seems to love the downtrend so much and I suppose on the daily chart, the price will fall lower to the support level at the 0.0018 area. It will act as support on the downway.
RSI is below 50 indicating a downtrend. The MACD is falling down, giving a sell sign. Clearly, QTUM isn't oversold on traditional technical measures such as RSI, MACD, and Moving Averages and more, so that is one warning flag.
The falling trend that has been support since the rally started in Feburary continues to hold indicating the market rally will continue. However, volume is below average, a sign that the downtrend can continue.
4-Hour Chart:
We fell into a bear market as the price dropped below 0.0033 area. The price fell through the rising ex-support level and the 100EMA and MACD crossed below zero.
Conclusion: I will wait the support level to decide when the best time to open a long position.
QTUM/USD Is Showing a Trade Short Opportunity 100% + ROIHello, Trading View,
This opportunity has been going on for a while now. It was looking like a rectangle at first. But sense it did not hold it self up at the support line. It is less likelely that this is a recangle formation. Sense the market changes pretty spuratically. This is a higher risk trade. Just as an FYI. There is still that change that it will go long once it reaches the red line. We have to see it make a notable break past the 2nd resistance line to be considered in a full trend continuation pattern.
Once it reaches the lower support line. IMO, you should close the trade and re-evaluate the situation.
Buy-in: 26.43
Target: 18.17
Stoploss: The Red Box
Thanks,
Stoploss123
StopLoss123
When you feel like stopping. Think about why you started.
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