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QTUMBTC

QTUM King of horrendously low RSI levelsSo qtum's biggest move of 2017 came when the RSI absolutely hit rock bottom. An abysmal low 13 on the 4 hour and 16 on the daily. Ouch. Fortune favors the brave, however, and QTUM rocketed to new highs. what can we learn from this? 1) don't buy until it REALLY hits bottom. i don't care if you haven't seen a daily RSI below 18 before. get ready to see one. 2) there is no guarantee this one will trigger a bull run. the fundamental difference between the previous bottom out and this one is that in the first option, btc was in a parabolic up move. Right now it is trending downward and so the sell off in QTUM, like all the alts, is a sign that buyers and even holders have left the building. Instead of buy and hold, be prepared for buy and sell 15-30% profit. 3) QTUM is making HUGE partners in china. new fundamental developments could trigger a legitimate bull run.
Long
by whoisthelorax
3
Good entry areae have many things to talk about The chart in front of us shows us support areas and resistance and the bearish and rising trends clearly When we follow the process since the last rise on 7 December 2017 Our support and resistance areas are as follows 0.00144893 BTC Support area turned to resistance 0.00170056 BTC resistance area turned to support 0.00203104 BTC resistance area turned into support and considered a support area (resistance) strong price is now 0.00282399 BTC area resistance turned into support 0.00405990 BTC area resistance turned into support We have a red candle that hit the stop loss and broke the upside move on March 7, 2018 This candle pulled out the traders from the market The price now responds to a strong support area at 0.00203104 BTC and the price reached below the 30 point line on the RSI We expect the price to rebound from that area gradually until we reach the strong resistance zone 0.00282399 BTC The probability of a break and breach of the support area is 0.00203104 BTC The prices will be limited between the new support area at 0.00170056 BTC The point of entry is now good, and it is preferable to buy gradually and support the purchase from the bottom in the case of a drop to the areas that have already been injected
Long
by zomlot
1
QTUM falling to the Support level1-Day Chart: QTUM seems to love the downtrend so much and I suppose on the daily chart, the price will fall lower to the support level at the 0.0018 area. It will act as support on the downway. RSI is below 50 indicating a downtrend. The MACD is falling down, giving a sell sign. Clearly, QTUM isn't oversold on traditional technical measures such as RSI, MACD, and Moving Averages and more, so that is one warning flag. The falling trend that has been support since the rally started in Feburary continues to hold indicating the market rally will continue. However, volume is below average, a sign that the downtrend can continue. 4-Hour Chart: We fell into a bear market as the price dropped below 0.0033 area. The price fell through the rising ex-support level and the 100EMA and MACD crossed below zero. Conclusion: I will wait the support level to decide when the best time to open a long position.
by LudwigStirner
1
Qtum Looks Set For A RallyThe last two months the price of this digital asset remains in the accumulation territory. I expect that within a few days Qtum's price will grow by 15-20%, which means that the coin will again face strong resistance level at the price range of 0.004. If you look at the daily chart, you will see that the popular indicator MACD makes a bullish crossover that will also push the price to the resistance level. At the same time on the 4H TF this indicator doesn't feel confident which show us the possible bearish crossover and it must be a fake signal. Qtum's RSI is far from oversold and overbought territory, which allows room for further flat trading between support and resistance level.
Long
by LudwigStirner
Clarify the direction of the QTUM currencyASLAM ALYKOOM Note here from the beginning of December 20, 2017 and prices are moving Incidentally between levels of resistance and support For 24 days, the BTC 0.00282 support line was too strong to be breached Now prices are facing resistance line 0.003406 BTC If breached, prices will move to a new resistance line at 0.004232 BTC It is a very strong resistance line that has been rebounding from more than once If breached it will be the first target at 0.005000 BTC
by zomlot
Qtum entry and exit strategyQtum seems to be forming a bullish pennant. Entry point is at the bottom of the pennant, risky movement is buying at 3000 sat, with a stop loss under the next fib ret (2800sat). More secure movement is to wait until support of pennant is confirmed, then buy around 3100 sats. Balanced movement is to buy 50% of your allocation at 3000 sat with stop loss at 2800sat, wait for testing and bouncing from resistance, then buy the other 50% around 3100-3200 sat. If qtum manges to touch the top of the pennant before the 16th of Feb (Start of Chinese new year) extra caution should be taken, profits should be taken around 3800 sats (25% to 50%), then buy back close to the support line. Between 16th to 23th of Feb. pay attention to volume, if is enough to break the pennant top resistance then it is a good idea to prepare another order to buy more qtum, but wait for a retest of the previous resistance that then should became a support.
Short
by Josuerg33
1