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Qtum / Bitcoin

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QTMBTC trade ideas

Don't rule out a QTUM breakout just yetIn the past few days, many of the MA's for QTUM was looking at the possible bullish pennant forming. This pennant broke down after a BTC correction, which was unfortunate to see, BUT I wouldn't count out another breakout just yet. It appears that QTUM is developing a downward sloping flag, with the prices following a downward channel. Within this channel, there is current support between .0025 and .0029. If you are still looking to find a good buying price, keep an eye on the chart to see if it will cross that upper resistance line. If it does, it would be good time to buy before another possible breakout! Cheers.
Long
by huwa2893
QTUMBTCQTUM has chances to be listed on Coinbase. We've already seen nice move in last week, but this could only be start of happy times. Setup for this trade: Enter trade after it breaks 0.0037 with targets at 0.0046 and 0.0055. I'll left part of trade for long term, since I believe in QTUM. On mentioned levels I'll just cash out some profits. Stop loss ... for start I'll put it little bellow 0.003 and adjust it if needed. If it won't break to upside, we could touch 0.382 or 0.5 levels and this would be nice price level to add to position. But this is material for next trade :) Good luck!
Long
by rludvik
1
QTUM/BTC falling wedge - Long term investmentQTUM/BTC has broken up a falling wedge in a downtrend (bullish reversal pattern) in the daily chart. This pattern has been built since mid-August. The MACD has hit a triple bottom and now looks ready to turn bullish again. BTC/USD also is currently building a rising wedge in an uptrend (bearish reversal pattern), which can indicate that the price of BTC will correct a little. This will also help QTUM/BTC to rise. We have recently seen many alt-coins go up into impressive run ups (ADA, IOTA, XRP, ETH, LTC, and so on). People are psychologically being attracted to strong moves in prices, and QTUM could be the next on the list. The price is currently testing the 23.6% Fib. retracement measured from the high August 11 (I didn't choose the ATH on August 10 because I think the Fib. levels were not as relevant as the ones I used). Price is also currently building flags in the smaller time frames (1h and lower), which are bullish continuation patterns. I think an entry point for this market would be now. My targets are the 61.8% and 78.6% Fib. retracements, respectively at 0.0034 (around +100%) and 0.0040 BTC (around +135%). The trade would be considered a failure if price were to re-enter the wedge. This is not financial advice, this is just my opinion. Any comment is appreciated.
Long
by Andratos95
1
QTUM Gearing Up For Another BreakoutQTUM is showing signs of another possible break out. After the huge outbreak we had a couple days ago, it is looking like we are consolidating into a downward flag. Even though this is a BIG indicator of upward breakout, I see this going two ways once the consolidation hits POINT 1: A) If we see another massive BTC 7.49% run that last for multiple days, QTUM will break out below the support line. We'll see a reset down to the support at .0012 and wait to see if another pattern forms. B) If this BTC 7.49% breakout only last for a few days and we see consolidation in the BTC 7.49% price, QTUM will break out above the resistance line. Look to take profits at .0018 (POINT 2) and .0021 (POINT 3) depending on how the price reacts to the resistance at .0018. Cheers.
Long
by huwa2893