Qtum
QTUM RangeQTUM has been trading higher on two exchanges leading in volume and price - bithumb (7.9x volume lead) and coinone (.7x volume lead)
You would probably want to pay attention to those and see how the price is arbitraged.
There is not very defined "Support" "Resistance" levels due to the drastic swings on this chart, but there are areas where we can see price consolidating. These also almost match with Fibonacci so I have setup Red/Blue Fibonnaci Support/ Resistance Faded lines to use. Also I have placed a resistance downtrend, and uptrend support which may be flawed a bit but the swing resistance seems to be tested right now.
I would probably wait for more indication before making a trade on QTUM. The % won't be large on trades at this point unless you can catch something with leverage or see something happening on a bigger timeline.
QTUM +38-44% target $92-95 completing within 3-6 hoursTwo formations here. First is the C&H formation with the handle currently forming. This gives us our 44% target.
The handle is also a bullish pennant, which gives us our 38% target.
Overall, looks like it could hit $92-95 within the next 3-6 hours.
Qtum VS Bitcoin Rising To Form Double Top?Qtum managed to break above the descending channel and 200 Moving Average suggesting that is it ready to continue trending upwards. QTUM/BTC producing higher highs and higher lows while trading within the ascending channel.
The overall trend is definitely bullish and Qtum should be moving higher to test 227.2% Fibonacci retracement level applied to the corrective wave after the descending channel breakout. This resistance is based at btc 0.0056 which is very close to the previously formed top in August last year.
The btc 0.0056 is the very first strong resistance for Qtum and it would be interesting to see the price action around this level, which should provide more clues about the further direction of QTUM/BTC. At this point, Qtum could continue trading within the ascending channel and could even move back to test the 38.2% Fibonacci support, which in fact has been already rejected. In the worst case scenario price could drop towards the 200 Moving Average, but only break below it should invalidate bullish outlook.
QTUM Price AnalysisAfter days of downside, Qtum spiked in anticipation of the UBTC airdrop. Since then, we've been accumulating around the 330-370k satoshi mark. The indicator is signaling a bullish divergence, however, if the fan doesn't hold, I'm looking to accumulate around 280k and under. Down the road , I think upside potential outweighs the downside. Let's wait and see!
If my picks help you out, don't hesitate to share the love!
Eth: 0xF6451592D017dd29111d97b21F108F1e566F60b6
Btc: 3Qxd68TUeA3uVNSXizmDCbx5KhNUqngD7D
This is not investment advice, just my perspective on things.
QTUM worth looking into (Alternative Investment)QTUM has greatly suffered during the past 2 weeks but seems in track to break the 52 USD price even though he doesn't have an increasing volume.
The longer trend since mid-december will be crossing the rebound from end-december soon if we follow both trends, which makes it the first target in the days to come. The second beeing the all time high that was reached two weeks ago.
Furthermore, the QTUM has benefited from rise due to short extreme buy volume and very low sell volume. Which comfort me in the thought that people investing in QTUM hodl in a more longer term and a faith in this currency. Another spike might happend again very soon if we follow a Fibonacci time retracement that almost perfectly applied to the previous spikes. Even if we don't follow that theory, the current trend might attract investors who will search for new opportunity in the beginning of this year.
Last but not least, QTUM is build with a bitcoin core (if you allowed me to say so) which means he can benefit from a BTC rebound that might come.
Analysis done by The Foil
03.01.2018 20:58
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QTUM Forming Cup & Handle and Hopefully Ascending into BreakoutA lot of people say they buy low and sell high. But believe it or not, there are traders that make a killing buying breakouts at all time highs.
Why? Because an asset that moves up, consolidates then breaks up, the asset can take off with no resistance above it. In crypto, this happens at an extremely fast pace so breakout trading can help you generate quick profits without having to keep capital in an investment for months.
QTUM is setting up for a good mid or short term trade. (I like it for the long run too)
You can see the cup formed and now the handle is forming. We are now consolidating just below highs. QTUM is building up energy and constantly testing that .00400 resistance line. The resistance is like a brick wall, but every time we hit that wall, we are taking away bricks (eating sell orders). Then it comes back down and takes another run to take out more bricks. Eventually, the wall comes down and its open skies above.
When I'm looking for a breakout, I like to look at the hourly chart and see this kind of strong consolidation. There is more risk when you buy a breakout that has had less consolidation (say a 5 min or 15 min chart).
I set up fib levels to give me an idea of potential pullback areas because it certainly could pull back much further before it breaks out.
You can trade this in several ways.
1. Invest (Long Term) - Just buy and have patience and add if it drops.
2. Swing Trade (Mid Term)- Buy near the bottom of the ascending triangle line. And just stop out if it goes lower and look to add at the 50 or 618 fib
3. Break Out Trade (Day trade) - Wait until it breaks out over .004 and then put a stop under the ascending trangle or last dip on a 15 minute chart.
Short term target is .0052 which would be a 25% profit. Often when they break, they can get to that measured move within 24 hours before they take a break and pull back.
DYOR and if you take this short term, realize you can get stopped out.
$ETH double bottom Reversal, amidst weaker Bitcoin. BULLISHSelf explanatory in the chart itself.
Very good outlook for ethereum, who hasn't had that much chance to shine for the past month as Bitcoin (and even litecoin and ripple) take the spotlight. Things look like they're about to change in this double bottom formation that's about to complete. I will be adding more in my longterm bag as well as short term break out trade
Beyond Ethereum, I'm even more excited about the prospect of #altcoins. If you don't know altcoins, those are the cryptocurrencies other than bitcoin, and includes things like ethereum ripple, litecoin. These are the big cap major altcoins
Now the mid and small cap altcoins are the ones that are really going to explode. I'll name a few, hopefully you know them. $neo, $qtum, $nem, $trx (Tron), $KNC (Kyber) and even smaller caps $powr, $qsp, $wabi, $BRD (bread), $MSP (mothership)
If you haven't already gotten some of these in your portfolio, I highly suggest you check them out at the biggest cryptocurrencies exchanges out there right now.
Over here at Binance--> www.binance.com (use this link to get 50% off trading fees for you to save more!)
Or Bittrex--> bittrex.com (sorry no promo links for this one :( )
Or for the really adventurous ones that want to hunt really low cap coins (so called undiscovered gems), there's Cryptopia, a small cryptocurrency exchange that contains many very unknown coins with HUGE potential. Riskier though! --> www.cryptopia.co.nz (Again, use this link to.. I'm not sure what this referral does. I think you'll either get discount for trading fees, or some free tokens.)
As always, invest and trade only what you're willing to lose. Don't forget to have a great life and enjoy yourself this festive season!!
QTUM/BTC - Expect more from them in 2018!Merry Christmas everyone! Hope you guys are having fun =)
Looking forward to Quantum's upcoming projects and collaborations.
You notice the diagonal lines of the Gann Fan act as support and resistance.
Combining with fib retracement, the price is currently supported at 23.6% retracement.
It is a little pricey if we are looking at the current dollar value of about US$45.
However, I feel that if you are buying alts, look to investing in a good coin for a long period rather than trading short term.
Good luck and wish you guys a great year ahead!
QTUM Flag"Combining a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM), Qtum merges the reliability of Bitcoin’s unfailing blockchain with the endless possibilities provided by smart contracts.
Designed with stability, modularity and interoperability in mind, Qtum is the foremost toolkit for building trusted decentralized applications, suited for real-world, business oriented use cases. Its hybrid nature, in combination with a first-of-its-kind PoS consensus protocol, allow Qtum applications to be compatible with major blockchain ecosystems, while providing native support for mobile devices and IoT appliances."
-https://steemit.com/ethereum/@mining1/why-quantum-qtum-will-replace-ethereum-and-bitcoin
Market is mostly in Asia, goals to take over the role of bitcoin, ethereum, and privacy based platforms, 850% plus price increase since its launch early this year.
Seems like there is a large sell wall right now in QTUM on the binance exchange, the "flag" seen above is stuck in an oscillation for now and I'll be waiting to see if it tries to break out.
See if anymore news arises in the coming days to show that QTUM is worth buying.
Litecoin 5 Wave exampleHello friends and happy Hodling. As get closet to the new year we are all in shock still why our litecoin is not going up! After our beatifull wave 3 we see are still in deep retracement and might be still for the next couple days/weeks.(multiple weeks highly unlikely).
I have used multiple gann fans to show you critical support levels to watchout for. We have been battling at these levels for weeks now! keep fighting!