QTUMBTC
Accumulate for Nov 1st - Coincide With Bitcoin-Self explanatory chart
-Begin accumulation at these levels
-Personally holding for long term/reassess when QTUM releases a new roadmap
-High potential for short term profit - essentially awaiting volume
Hold anything in the top 10-25 or big 5 and you will do more than okay...
BTC chart published over a month ago - for reference.
Analytics QTUM/BTCThe project has big plans for the future obviously. It’s indicated by today's coin listing at Poloniex. However, this did not have a serious impact on the rate. The price is in the zone of interest of the Buyers now. The historical chart shows that it was a powerful growth momentum at this level.
This asset is very fast – it’s growing and falling rapidly. The resistance levels indicated on the graph are very weak. The chart shows only two zones where the price was delayed:
0.001873-0.002167
0.000707-0.000650
Pay attention to how the trade in these areas: an asset with very high risks, so do not forget to put stops in both directions.
We remember that there are two levels where the price fell in an upward trend.
0.000400
0.000200
The rate of the coin is smooth, which should alert even more - the price can move powerfully in any direction.
QTUMBTC: the rise of the altsQTUM among some other altcoins provides a great opportunity for solid gains in a couple of months. With respect to bitcoin it is at the historical low of around 0.00062. The long position in QTUM now is rather similar to a long leveraged position in bitcoin, but with buying QTUM you wouldn't be risking of being liquidated if its price will drop even lower. As an option this could be easily improved by placing stop order at around 5% lower from the the entry point. However, one should be careful with that, because the volume at the moment is relatively low, so tight stops are way too sweet targets to collect before the rise.
QTUM - break out approachingQtum is still falling but the recent signs are encouraging for the bulls. The price action has been declining for three months now as the trend line keeps the price below it. Since the beginning of May, Qtum is creating lower lows and lower highs, which means a downtrend is taking place. However, it is testing the trend line more often now which is one of the signs of an incoming breakout. If that happens and the price closes above the trend line, it is expected to see higher price in Qtum in the coming days/weeks. The first resistance to be tested is 23.6% Fibonacci retracement, followed by the 100 DMA around 0.001320. Any move below the trend line again is a signal that a false breakout has occurred.
$QTUM, Channelecption…
Weekly
Looking at our trend timeframe we see price continuing in normal downtrend behavior. Qtum has now reached it’s last major support o major exchanges according to tradingview. Looking for a weekly reversal at this level, if no reversal sitting on hands until we see a weekly reversal for BTC.
QTUM is in a falling wedge - reversal is comingSeven months have passed since QTUM entered a downtrend on the higher timeframe. The series of lower highs and lower lows has created a falling wedge and trapped the price action within it. A falling wedge is a reversal pattern. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. The price action stays trapped for a longer period of time within the wedge and a huge amount of energy is accumulated, waiting for the price to break out of the wedge and collect all stops. In addition, the RSI on the H4 chart is deeply oversold, which adds more weight to the potential bounce in the coming days. If the price breaks the wedge and starts rallying, look for a test of both 100 and 200 MAs on H4 chart as well as two horizontal resistance levels that acted as support in the past. The coin is so oversold that a potential reversal offers a great R:R for the traders. Any long position must be protected with a stop beneath the wedge support.
$QTUM testing support yet again, potentially bullish.I've been swing trading $QTUM paired with $USDT on Binance recently with some decent gains. Decided to re-enter tonight at 7.68/7.70 with a stop loss at 7.3. It has some bullish potential given the fact that its oversold and there's some divergence evident on the oscillators (top). I'm looking to possibly pick up 5-8% over the next few days. If it heads south I'm not fussed as I've taken some nice profits lately and a minimal hit if my stop loss gets taken out is the cost of doing business as they say.. As always, TA can give us reasonable probability trades, however they don't always work out and as such, RISK MANAGEMENT is KING. I'm looking for where I see the risk in any chart and how to minimize losses. Do this and the rest takes care of itself. Swing trading Alts paired with USDT versus Bitcoin has been the best decision I have made in recent times. Check out turbotraderpro.com for the tops and bottoms alerts indicators I'm using.
QTUM/BTC - Is this already the bottom that we were waiting for?
Hello Lads and Ladies,
Today we will be taking a look at QTUMBTC. A very interesting coin with high potentials. Nevertheless the key question is as always, when and where.
To keep this just as long as it needs to be, we will take a look at the daily chart. Here, we can see very easily that QTUMBTC has been in a very steady and strong downtrend since the beginning of the year and has not bounces many times.
Right now we are it hitting at substantial support lines, which tend to be questioned and broken in the last few weeks.
To have a better understanding and look at it we will change now to the 4h chart -
Here we can see the outtake of the last month on the 4h chart. It shows us that the downtrend is strong and we have basically one bear flag after the other respecting support lines for a few days and a strongly decreasing volatility.
Once again we are right now within a new bear flag that we are basically looking to break towards the next support and buy zone. This buy zone is set there because it strongly looks like that it is very likely hitting a strong support and an historical average range from which it has been experiencing huge bounces.
To be more exact, we are right now at the area of 105k satoshi and are looking to hit the next support of 98k. In favour of this support we have as well a strong psychological support at 100k satoshi. Buying QTUMBTC in this area would actually be a good starting point for a long term (4-6 months) investment, since the long term targets are way above 500% for QTUMBTC.
Nevertheless, we are looking for short term trades and a trade off this support line with a relatively tight stop loss is looking pretty good. Depending on the market moment and the structure it creates, the targets lie between 7% and 24%.
Now, taking a look at the indicators, which depict the historical average range mentioned before, we can clearly see them being in high favour to our expectations.
Looking at the 4h RSI, we are right now located at 33points which leaves us still a little space to the 20 point line, which has been letting QTUMBTC bounce many times before. Taking a look at the Stochastic RSI, which basically gives us a glance behind the scenes of the RSI indicator, we can see it being located at a pretty high level, which shows us that it is very likely for it to go down. Here the expected bottom of the Stoch RSI would be equivalent to the 20point RSI and the range of 100k to 98k satoshi.
Yet, why should we be seeing a bounce now? The daily indicators, show us the reason.
Looking at daily RSI we are located at 22 points which is very near the 18point line, which almost always lets us expect a bounce of at least 20%. Moreover, looking at the Stoch RSI we are very clearly at the bottom, even about to form a double bottom, speaking in favour of the expected bounce.
The small range of the daily indicators are exactly equivalent to the little range o the 4h indicators, which would then give us multiple timeframes being located at a very substantial bottom and very strong supports.
IN NUMBERS -
- BUY @100k-95k
- SELL @105k - 111k - 120k
- SELL @leave a small chunk for above 120k if it still looks bullish.
- SL @92k-90k
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Cheers, Tomas
QTUMBTC: Three crucial info to keep in mind The price action for QTUM (QTUMBTC) as shown in this analysis is from December 18, 2017 till present date. Commentary is provided below based on the annotations that are numbered on the chart.
(1) ~0.002918 and 0.00243 is anticipated to provide resistance on a breakout to the upside of the falling wedge (diagonal). ~0.00276 (green dotted line) indicates a price level where QTUM previously found support.
This gave way to more bearish action on February 20, 2018. Based on the principle that previous support can become resistance and vice versa, further evidence is provided that QTUM might encounter a wall of sellers between 0.002918 and 0.00243 as ~0.00276 is within the region of resistance mentioned above.
(2) A falling diagonal (wedge) pattern established since May 11, 2018. This pattern is bullish (albeit not 100% of the time) and any breakout to the upside should be expected to return back to the origin of the wedge which is ~0.00217. This is not too far away from resistance i.e. (1) above.
Establishing a long (buy) position as soon as QTUM breaks to the upside of the wedge is less conservative than waiting on a breakout above the wedge and price action moving above ~0.001358. Either scenario is even better if confirmed by bullish momentum.
(3) ~0.00102 and 0.00061 marks the support region for QTUM as identified in this analysis. The falling wedge does intersect support region so it is crucial to watch and see what comes up next for QTUM before making any decision especially going long (buy).
A break below the lower line of the wedge and also lower line of support (0.00061) implies more downside potential for QTUM.
QTUMLong-term deal
A strong support area was broken between 0.00150000 BTC and 0.00120941 BTC
Purchases are now made from current prices as the price is strengthened on the downside
Best buy when price reaches 0.00063 BTC to 0.00062 BTC
Always follow the strategy of placing a pending Aumer on a block with 75% of the purchase value and keeping 25% for long term goals
The expected profit ratio is 530% starting from 0.00063000 BTC to 0.00400000 BTC
Selling goals start from
0.00120000 BTC
to me
0.0040000 BTC