QRLBTC trade ideas
QRL's Decision timeIt seems to me that the correction is finished and I'm looking for a potential breakout to the upside.
Looking at the recent upwards move and its correction, and using Fib extensions my next long term target is towards $8 but that's a long way to go.
Lets first look at a smaller time-frame: I see that $QRL bounced strong after the last dump, which gives me a calculation for next target which is projected on the chart. We might have started a new uptrend which leads to that $2 but I need to be convinced more before I'm more sure about that. Therefore, I want to see breaking it out of this downtrend. Once broken out, we can buy.
Happy trading!
QRLBTC possible 100% in profit It is risky trade probably like most of them. We can see here that the pair tried to breach solid support created by Daily GAPS but failed. This price action is suggesting that the pair should look for more space and move higher as there is not much resistance just before 0.00030000 mark.
10k psychological number, pair played with it for three weeks and eventually decided to move in other direction. If we switch to weekly chart this level wasn't pierced by any of the weekly candle which is suggestion that 10K has been defended.
QRLBTC Underestimated Asset, will blast soonit may take time, but a safe trade for holder's reward could b much impressive.
forgotten or underestimated no idea, but its a beast in this price.
theqrl.org
medium.com
Decide your profit @ 0.00017 , 0.00022 , 0.00030 , 0.00040, 0.00080
Depends on your patience
QRL entry zonesQRL (Quantum Resistant Ledger) got dumped hard when a team member (lead dev) went against them. They publicly acknowledged what happened in a July 28th blog post, causing the dump.
It found a new floor, and they've since rebuilt and added to their team. Development and communication channels are active.
This update caused the spike you see that has since retraced a good bit: medium.com
Their mainnet (it's currently an ERC-20 token) is due in Sept/Oct, and if it goes well it offers real upside for this token.
With risks of quantum computers, QRL could prove an interesting test bed for resistant features that could later be soft-forked into other coins.
I don't think this will take over the world, but it's a good project, and I think still oversold. 12.6k sats looks like a good entry. 10k sats looks even better. 20k sats seems like a reasonable target, with more upside based on how their mainnet launch goes.
QRL Market CycleThe emotions of a market cycle.
For many it's is still under the radar.
It's purpose not understood by the masses.
It's price still undervalued.
Genesis block coming in 1/2 Months
Block times will be between 30-45 seconds,
and there will be no minimum staking amount.
Secure offline staking will be possible
using deferred stake signatures,
with accounts secured by XMSS signatures.
The messaging layer will utilize lattice-based cryptography
(more details on all this in the whitepaper).
Quantum Resistant LedgerLong story.
Most Crypto out there is vulnerable to what Quantum computers will be able to do in the future.
$QRL However will tackle this problem by using new sorts of encryption designed to be unbreakable by quantum computers.
Skeptics may say that Bitcoin will deal with this problem by swapping out hashing and signing algorithms in the future but trust me when i say that when the masses start worrying about this problem it's already too late.
QRL is currently an ERC ETH based token that will be swappable for the actual coin on main net genesis block ETA = September/Oktober.
Testnet is currently in the last stages of active development.
Unlike most of my setups this is a long term that most of you crypto fans should probably look into.
Do some research in quantum computers and you will probably be shocked as well.