QTMBTC trade ideas
Following on this trendfollowing on this trend , note current 24hr volume , watch for constant increments to indicate potential uptrend continuation
$QTUM Long-term ShortEntry @ 0.00217
Target 1 @ 0.00196
Target 2 @ 0.00180
Target 3 @ 0.00162
Stop @ 0.00228
QTUMBTC; falling wedge w bullish indicators; FA & TAEP: Below .00175
TP1: .002102
TP2: .002984
TP3: .003488
SL: .00165
QTUM has had a lot of volatility since it hit bittrex making huge ups and downs. On a fundamental level we have a currently about 20% of QTUM tokens now being staked, and that number is growing. New exchanges are and have been added (bitfinex, and some japanese and korean exchanges still coming), as well as WeChat and Qhola wallets in Q4.
Since we fell below the .002 price level we can see that we are not in a descending triangle, but actually a falling wedge. The majority of falling wedges to break upward so we have that in our favor. A much better set up than a descending triangle which normally break down.
At points 1. and 2. we see lower low in price, with OBV failing to make a lower low indicating upward movement. On the OBV graph the blue box marks where we expected it to go.
RSI shows an equal value compared to the last dip in price which is a weaker indicator for bullish movement, but a bullish signal none the less. We do see a series of lower lows in the RSI that are forming along a trend line. If RSI falls below this line it is an indicator that our trade was bad. Normally that would be a stop loss signal for me, but in this case we would be in the oversold region can add to our position on consolidation or when price forms a lower low. If you want to set a stop loss it can be at .00165. Expect RSI to form a double bottom on the daily chart as it has done in the past before moving upwards. This may be as late as October 25th after BTCG forks.
The reason I am not 100% long on this trade is because of BT2X fork upcoming in November. It is not yet clear if we will in fact fork, or if alts will rally after BTCG fork and before BT2X.
This is not trading advise, just my personal trade. Educational only. Trade at your own risk and do your own research.
QTUM longWith season goes positive for the alt coins and 25th October is getting closer, surprisingly good moves earlier than expected.
with the Demand zone holds well, the price is climbing steadily. There could be some drop on the resistances (red line) but the demand is expected to grow more after 25th October which would push up the price nicely.
Have your sl.
Note : I hold QTUM based on the above logic.
Huge wedge on QTUM, possible big breakout soonLarge falling wedge forming on QTUM/BTC, a possible large upswing breakout in near future, good to keep an eye on.
QTUM - uptrend is back - check it outQTUM has 'W'-ed and it has been confirmed. Watch for smaller trading opportunity. Do not bet the farm.
Easy money on QTUMThis is my thought. No need to explain this. you can see it , you can feel it and also smell it.
Its already in the edge of triangle . Just less than 3 days, you can see how much they respect that purple resistance so much . and more surprising about that , after bloodbath and crush that forever support, they already on track today.
FA: just remember that they will announce exciting news in the october as they said on end sept.
as i already said to you, its really easy money for us :)
tip:
BTC= 1DpnGCFLkUfpewwKyXVCxTCgiz8FpSwtFP
LTC = LVq8CGJZAiq5VPYH4QjfjbYrpoMtwhe3pH
ETH = 0x6c7042ef0149eab08c35de933dfb3d572def7363
QTUM BTC Bullish soon if it breaks this small resistance .. ! Qtum has really strong fundamentals it just needs a bit of time to turn bullish again
QTUM - Hi QT Cutie UM U CuteThe 1 Day RSI hasn't been on the floor like this since the release, solid product still in its early phases.
qtum going up Looks like qtum is hitting heavy resistance in a falling wedge. I will wait for a break out on heavy volume or for it to retest the bottom one last time. This is a great one to watch close.
QTUM - Waiting to hit bullish trend lineQtum is currently inside a bearish trendchannel (yellow line) heading any may reaching soon the bottom of the main bullish trendchannel (green line).
Reasons why it should decrease down to 0.002BTC:
MACD pointing down
4h closed below band (yellow marks)
Volume is decreasing (short term)
RSI pointing down (cannot show you RSI as a normal user can only show 3 indicators)
BTC is pumping, people pulling out their BTC to sell them into fiat at the right time
Reasons why it should bounce from trendchannel:
Increased compared to other dips
RSI is oversold (cannot show you RSI as a normal user can only show 3 indicators)
Volume is higher compared to last dip on the trendline
A lot of good news came up
So in general, you can buy at pre-pump price but monitor the current price. Less than 10% towards my desired entry-point.
If you buy in now, you have to take the risk it might go lower an retest support but dont have to buy higher if it is not retesting bottom.
I like the project, skilled dev team. Perhaps little bit overhyped but solid coin.
QTUMBTC: Still moving upSo QTUM has really defied my expectations in terms of price action for quite some time now. The platform is a hybrid of Ethereum and Bitcoin, and aims to offer the best of both worlds. Great idea in theory and they are attracting dAPPS from Ethereum already. The China FUD did it no favors, but they also missed the boat with announcements of exchanges that did not happen in the timeframe they claimed as well as the delayed token swap. Regardless of all this, the project is promising and I've bought dips. I am aware of one of the founder's potentially shaky history, but at this stage, I'm here to try and make some money by investing in projects with good potential. QTUM does seem to have potential at this stage.
From a chart perspective, I have not even looked at indicators, I'm mostly looking at trends here and how QTUM price action has progressed. After the initial strong run up, each peak has been progressively lower and each valley has as well. Recently that changed where we saw the support trend line reverse and begin to move upwards. Of course, Bitcoin disrupted that recently, but what I believe is important to note is that the bottom we had was higher than the previous bottom (purple arrows). Also, the volume during that sell off was not that great. This suggests that, despite the previous uptrend being broken, the overall uptrend is still intact. Hopefully, we will have further upside in the not to distant future.
Let's see...
