QTUM BTC Soon to make a decisionHi,
This is the first chart I've ever (really) done after learning so much recently. I'M NO EXPERT.
I submit this in the hopes of getting constructive commentary, discussion, fun and an opportunity to learn.
I would love some of the prominent Crypto chArtists here to give pointers, and especially illuminate flaws, mistakes and presumptions.
PROS
QTUM has had a lot of hype lately and has been called a direct competitor with NEO.
Both have been very bullish.
Both have stalled a bit with BTC's meteoric rise... BTC currently 43300.02 as I write this and ATH.
QTUM has less history to base technicals on.
Shape closely parallels NEO in earlier rallies.
I PREDICT people hoarding and hodling NEO due to NEO coins, which means less to trade. I'm still bullish NEO.
CONS
QTUM is younger and weaker than NEO
I don't know if it will generate the kind of residuals as NEO
QTUM completed an almost perfect head and shoulders formation at 7:30 am PDT August 14
ITS DECISION TIME FOR QTUM -
QUESTIONS
If BTC re-traces, (and it has to) will that encourage QTUM to rise again?
What is the time limit for that to happen before QTUM breaks down?
Thanks for your time and attention.
johann
