QTUM - BTC - Short - Buy Point
QTUM should be able to come down before it keeps going on it's defining uptrend to new all time highs. I expect a buy opportunity at $36-38/QTUM while BTC is <$17,000.
I expect that an even lower buy in can be available if BTC continues onward and upward past $17,500.
My buy points are as follows:
BTC < $17,000
(1) 0.00247 BTC/QTUM -- 40% initial
(2) 0.00236 BTC/QTUM -- 60% initial
--Stop Loss = 0.0022 BTC/QTUM (sell all 100%)
BTC > $17,500
(3) 0.00205 BTC/QTUM -- 200% reinvest (100% initial x 2)
~~(4) 0.00185 BTC/QTUM -- 200% total holdings~~
If QTUM has already experienced a reasonable all time high and begins declining to a new support line, I would expect there to be potential buy opportunities at < 0.002 in the near future. If this happens, I will purchase a risky 200% of my total holdings in QTUM--effectively tripling my investment to date (#3), or sextupling my original investment amount (#1 & #2).
As always, be smart about your investment, set stop losses, and don't get greedy when you recognize both profits and a value that is near an upper trend line.
Cheers,
-Jordan
I expect that an even lower buy in can be available if BTC continues onward and upward past $17,500.
My buy points are as follows:
BTC < $17,000
(1) 0.00247 BTC/QTUM -- 40% initial
(2) 0.00236 BTC/QTUM -- 60% initial
--Stop Loss = 0.0022 BTC/QTUM (sell all 100%)
BTC > $17,500
(3) 0.00205 BTC/QTUM -- 200% reinvest (100% initial x 2)
~~(4) 0.00185 BTC/QTUM -- 200% total holdings~~
If QTUM has already experienced a reasonable all time high and begins declining to a new support line, I would expect there to be potential buy opportunities at < 0.002 in the near future. If this happens, I will purchase a risky 200% of my total holdings in QTUM--effectively tripling my investment to date (#3), or sextupling my original investment amount (#1 & #2).
As always, be smart about your investment, set stop losses, and don't get greedy when you recognize both profits and a value that is near an upper trend line.
Cheers,
-Jordan
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