QuantUpdated Looks dubious for QNT.
A descending series of symmetrical triangles. Don't be surprised to see QNT visit the recent low of ~83.
I'd like to get a buy-and-hold on QNT when BTC bottoms out, but where will that be -- 30k? 25k? 20k? Lower?
A swing long on QNT is in the cards for me if BTC is at support when/if QNT hits 83-ish.
I'd like to get a buy-and-hold on QNT when BTC bottoms out, but where will that be -- 30k? 25k? 20k? Lower?
A swing long on QNT is in the cards for me if BTC is at support when/if QNT hits 83-ish.
Note
A new upper line to my stupid symmetrical triangle, in red:i.gyazo.com/6811bdbf54611e84847bebf16074d443.png
I'd like to get long and hold QNT for a return to 400 and beyond, but I'm not buying this "breakout" yet. I scalped it from 125-128. I still think BTC will go sub-30k and take QNT with it. The plan is to buy QNT for a long-term hold when BTC bottoms out somewhere in the 20s. In the meantime I am catching QNT knives
at short-term support in coordination with BTC at short-term support.
Why not just scalp BTC bounces, you ask? Because low-float QNT bounces are often twice as big, percentage-wise, as the corresponding BTC bounces. Plus I am learning how QNT trades, which will help me get a good entry for an eventual long-term hold.
I don't recommend these bad habits to anyone else. Posting here helps me focus on my trading experiments.. Don't take any of this as advice on trading or investing.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.