Get started

Quantum

$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 needs to get on its horse or we're going much lower!! QTUM has broken and closed below the trendline support as it still sits on support. If QTUM cannot trend higher here and break back above this demand zone, the EMAs will continue to drop and cause a bearish crossover. MACD continues to fall off a cliff and still has room to go below while RSI could retest the trendline before continuing lower. If QTUM cannot hold this demand zone, we could fall back down to the 38.2%FIB or even 23.6%FIB if Bitcoin takes a hit. Thanks guys
by CM_Trades
QTUM/ETH might bounce on support and break out of channelQTUM has been on the decline against ETH for the past 2 weeks, and has currently reached a support level (0.023450) that has been tested around December 13 (just before a run-up) and on March 18th (just before a +45% day). The price is currently bouncing on this support level, and is about to test the upper trendline of the downward channel started on April 30th. A breakout might result in a pretty profitable run up like the ones that happened on March 19th or December (you wish!!!).
Long
by raphaelgabbarelli
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.
Long
by whoisthelorax
3
QRL starting its next leg?Quantum resistant ledger (QRL) is an interesting project which for a lot of people is a longterm hold. As the name implies, the developers are foccussing on establishing a fully quantum resistant cryptocurrency. At this point, this might not seem so interesting, because the era of quantum computing is yet to come. But looking a few years down the line, quantum resistance could become very important. Hence, this coin might be one of the very few that is really future-proof. So with every news item about the future of quantum computing and how it is getting closer and closer, we might see more interest in QRL as well. Looking at the volume, we do indeed see that after the initial listing the volume died down, but has picked up somewhat during the last few months. This also caused a breakout from the yellow dotted trendline and now we have seem to have started a new upwards trend. At this point, QRL has retraced to around the 0.0618 fibonacci level and approaching the lower trendline. We might see a reversal and start of leg 3 in the coming week. The StochRSI also indicates that we could go up from here and the RSI is pointing upwards as well. The MACD looks neutral, but the lines are starting to converge. For now, I'm waiting out and will only enter the trade once all of these indicators and price are confirming an upwards move. Will keep an eye on QRL coming week.
Long
by heiders
3
Quantum rally or dumpQuantum was trading in a range. It broke out and has a good potential. It is now testing the upper part of the previous trading range. A few scenarios now are moon or dump. If it closes below the yellow line it could go back to the lower end of the previous trading range. If the upper end of the trading range supports it, then quantum could go to the following targets. mid term and long term. so the next 2 hours are decisive on the 4h chart. purple: resistance yellow: trading range orange: uptrend arrows: targets, mid term and long term trade smart!
BITFINEX:QTMUSD
by varil_shmoney
QTUM worth looking into (Alternative Investment)QTUM has greatly suffered during the past 2 weeks but seems in track to break the 52 USD price even though he doesn't have an increasing volume. The longer trend since mid-december will be crossing the rebound from end-december soon if we follow both trends, which makes it the first target in the days to come. The second beeing the all time high that was reached two weeks ago. Furthermore, the QTUM has benefited from rise due to short extreme buy volume and very low sell volume. Which comfort me in the thought that people investing in QTUM hodl in a more longer term and a faith in this currency. Another spike might happend again very soon if we follow a Fibonacci time retracement that almost perfectly applied to the previous spikes. Even if we don't follow that theory, the current trend might attract investors who will search for new opportunity in the beginning of this year. Last but not least, QTUM is build with a bitcoin core (if you allowed me to say so) which means he can benefit from a BTC rebound that might come. Analysis done by The Foil 03.01.2018 20:58 ---- Disclaimer: The content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. I write for analyzing, learning & discussing general and generic information related to investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. I do not provide personalized recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
QLong
by TheFoil
2
QTUM/BTC - Expect more from them in 2018!Merry Christmas everyone! Hope you guys are having fun =) Looking forward to Quantum's upcoming projects and collaborations. You notice the diagonal lines of the Gann Fan act as support and resistance. Combining with fib retracement, the price is currently supported at 23.6% retracement. It is a little pricey if we are looking at the current dollar value of about US$45. However, I feel that if you are buying alts, look to investing in a good coin for a long period rather than trading short term. Good luck and wish you guys a great year ahead!
Long
by lyl89