QTUMBTC trade ideas
The end of sorrowQTUM had just touched the bottow of the falling wedge. This could be the real bottom, we would finally see some upward movement soon!
QTUM 1D Falling Wedge pattern close sooni believe we will see a heavy movement within the next few days on qtum.
there a a few reasons i believe this.
* qtum added to bithumb with almost no effect
* added to bitfinex with almost no effect
* almost the same behaviour like Ethereum back in the days ( Nov 2016 - March 2017) just my 2 cents
* very good project with pretty solid development
* just because the TA said so ^^
QTUM loaded gun?QTUM has recently a few volume injections recently, with the last one propelling us into the 1h cloud. We found immediate support and are coiling making higher in the bottom of the cloud. It just so happens for this to be the 0.5 fib as well; major bullish signs.
In the bigger picture, we see a nice bleed and a possible approach of a break in the downtrend. Stochrsi looks to be strong with a crossover and ready for oscillation.
Considering these two factors, I would be bullish on QTUM in the short term, expect a breakout to possible 250-270 zone; could blast through it, who knows. Ideal entry if you arent in the trade is as close to the cloud as possible, maybe even average down to the 0.618.
QTUMBTC- QTUM is still in the accumulation phase
- possible partnerships announcement coming up in the next week
- scheduled to be added to a new korean exchange next month
- targets are marked for profit taking
- buy zone is in the accumulation area
- ideal to hold at least a week or two
- TRADE at your own risk
- set stop losses as necessary
Pitchfork scaffolded Fib extensionEarlier I posted a QTUM model fully exptapolating a cloned repro of an Elliott correction extended by a leading 3-drives pattern. I don't think it's going to happen that way again, but I was curious how much earlier wave anomalies affect subsequent wave patterns. This one has a somewhat more conventional correction phase, so I'll let them play out just to see what the reality looks like compared to novice-generated models. This one doesn't have the same symmetry, but that may work to its advantage once QTUM's wave starts to hit its stride.
I plan to produce a gallery of models bootstrapping various pattern combinations, but mostly from similar groups, to see how they generally perform over time. I'm pretty doubtful chaos can be modeled so simply, but I kind of like trying.
Pfork scaffolded Fib extension w/ 3-drives in ABCDFor this chart to be valid, I think we'd have to see another BTG-driven debacle after QTUM's next peak. This one simply cloned the evident 3-drives pattern flowing in to Elliott Correction wave off of the previous peak onto the next pitchfork/Fib-extrapolated Elliott wave peak and tacking the corrective waves on the end of the 2nd 3-drives pattern to yield an ABCD extension. In actuality, I don't think that 3-drives section will play into the correction next time, but I'm going to put the chart up for posterity just to see how over-reliance on an aesthetic ideal works out. Not well, I imagine, but I'll post another version for the sake of later comparison.
QTUM/BTC indicating a reversal pattern upwardQTUM/BTC is showing a falling wedge pattern that could be the beginning of a reversal upward. Keep your eyes on the price movement. I set a price alert at around 0.00148000 BTC.
QTUM is a great project backed by a solid team; this might be a great entry point.
QTUM Poised For Quantum JumpSeems like a Falling Wedge coming from an upwards pole. Nice entry over here for some big bull gains
QTUM/BTC: The Falling Wedge ContinuesSimple set up.
Bullish flag indicates we will see another leg up on the short term.
TP zone: .0022 - .0024
Re-enter .0015
QTUM idea in next days , may be do it QTUM idea in next days , may be do it
first target 205
second target 233
third target 263
fourth opened
qtumat support in falling wedge but remeber BTC fork will happen on the 25th every trade till then has high risk
