QTUMUSDT is good for a scalp trade.BINANCE:QTUMUSDT
QTUM did have a good raise last days. Today it shows many of bullish sign that makes me confident to give it another try. The bullish signs are including:
- Double bottom pattern on daily chart.
- MACD, macd line cross up zero line.
- The Tenkan-sen crossover the Kijun-sen (of Ichimoku Kinko Hyo).
There will have a small pull back of QTUM due to strong Fib. 61.8% resitance decline, there will be a good chance to buy QTUM on next correction.
Buy zone: 2.9 to 3.1 (Fib. 50% and Fib. 61.8%)
Sell targets: 3.3 and 3.6
Stop-loss: Below 2.8 (Fib. 23.6%)
P/S: This is not a financial advice.
Qtumlong
QTUM - Inverse Head and ShouldersQTUM's daily has a nice inverse head and shoulders set up. We have an obvious left shoulder and head with the right shoulder already starting to curve upward toward the neckline. Divergence can be seen on the indicators. This makes a great entry point as the price action is already headed in the right direction.
QTUM Weekly Momentum Up + SqueezeWeekly momentum up during a weekly squeeze.
If price trades above the dotted pink a bullish move up to higher targets is possible (highlighted by pink arrows).
I would keep an eye to see if QTUM makes higher weekly lows + whether weekly squeeze fires long (stops squeezing).
BTC -QTUM -Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10
Date : Since 2017 ( 3 / 10 )
Volume 24 H : 15000 BTC( 6 / 10 )
Available Markets* ( 8 / 10 )
Social Media Rate ( 7 / 10 )
Ranks **27 ( 8 / 10 )
Website ( 7 / 10 )
Type a decentralized #Blockchain application platform
Overall ( 7 /10 )
Between 50,000 - 58000 are the best level to accumulate for a long term investment.
As long as BTC stays above $5800, We found the bottom for most of the alt coins.
96% down from ATH in USD value.
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points
Trading Plan: QTUM 25% !!QTUM Making Bullish Channel and Now Buying Zone.
Buy 590-600
Sell 670, 730 & 750+
Stop Loss 540
Let See , What Will be Next Move.
I hope that Price can fly From Buying zone.
Share Your Opinion in Comments.
if You Satisfied With My idea Then Dont Forgot To Hit Like.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
QTUM/USD 770% potential growthHello!
QTUM now!
I was surprised when I saw this template
ITS NOT financial advice!
Saved you 94% loss on QTUMit's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot appears you buy, if a green dot appears after that green dot you hold your investment.
if a red dot appears you sell your position. easy as that.
shorter time frames will be choppy.
larger time frames will be smooth.
$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
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Cheers, TJ
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!