$BITFINEX:QTMUSD Strong candidate as future blockchain platform makes it high in demand.
POSITIONS
Bought position @ 3700 (HIGH RISK ENTRY)
BUY SIGNALS
- T&K bull cross
- Price-T&K bull cross (nearly complete)
INTERPRETATION
This was more of a spontaneous early buy & preliminary scan. Although there are limited buy signals, I consider it appropriate to take an early, high risk position as I believe QTUM has the capability to secure the bull run. In the scenario it is rejected, it a viable long-term hold that will yield positive results despite initial loss.
CAUTIONS/CONFIRMATIONS:
-Price-Cloud entry & breakout through next red cloud to confirm suspected bull trend
- next cloud has fairly thick cloud; selling pressure may be too much to break through resistance
POSITIONS
Bought position @ 3700 (HIGH RISK ENTRY)
BUY SIGNALS
- T&K bull cross
- Price-T&K bull cross (nearly complete)
INTERPRETATION
This was more of a spontaneous early buy & preliminary scan. Although there are limited buy signals, I consider it appropriate to take an early, high risk position as I believe QTUM has the capability to secure the bull run. In the scenario it is rejected, it a viable long-term hold that will yield positive results despite initial loss.
CAUTIONS/CONFIRMATIONS:
-Price-Cloud entry & breakout through next red cloud to confirm suspected bull trend
- next cloud has fairly thick cloud; selling pressure may be too much to break through resistance
Note
POSITIONhold current; buy @ Price-Cloud bull entry & breakout
CAUTIONS/CONFIRMATIONS
- Price-Cloud bull entry & breakout
- pattern formations
INTERPRETATIONS
QTUM continues to trade sideways below the cloud w/the T&K lines interchanging. Clarity of bull/bear chart formations should help show some clarity on where QTUM wants to head. My personal buy signal will be when QTUM price enters & breaks above the cloud; this resistance has been a challenge.
Trade active
POSITIONEntry @ 3600 (Target @ 6000)
BUY SIGNALS
- bullish pennant completion
- T&K bull cross
- Price-T&K bull cross
CAUTIONS/CONFIRMATIONS
- Price-Cloud entry & breakout (confirms bullish buy signal)
- expanding volume confirms breakout
INTERPRETATIONS
This is an early entry. Safest option is to wait for possible pullback. Stop-loss should be placed at ~3000.
Note
PROBLEM WITH UPDATED GRAPH UPLOADTrade closed manually
THREAD CLOSED DUE TO FAULTY GRAPH UPLOAD. QTUM ANALYSIS WILL BE CONTINUED ON FRESH IDEA PAGE.
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.
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.