QTUM BTC coming off the low, is it the 1ne?Deep retracements across the board following the straight rip down on BTC rejection from 10k. Some alts have already hit these low retracement targets. This is a big test for them to hold the lows and see continuation. Good for a swing near term if we can hold the pivot.
Quantum
Qtum does what Bitcoin wants on Binance - QTUM/USDTIf you want to know what $qtum Quantum is doing or is going to do, just ask Bitcoin. It failed at $25 when $btc failed at $10k. If bitcoin dips below $8900, expect quantum to dip below $19. If bitcoin dips below $8200, expect qtum to dip below $15.50. Let your bulls loose under $19. It's gonna be Pamplona out there if it dips under $16.
QTUMBTC: ARE YOU READY?Hello friends,
QTUM already accumulated for a while, It's looking pretty good right now, if it's able to break the wedge with a decent volume it's definetly going up.
Also RSI is acting as support at level 50.
I set my stoploss just in case the wedge gets invalidated.
- THIS IS NOT FINANCIAL ADVICE -
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.
QRL starting its next leg?Quantum resistant ledger (QRL) is an interesting project which for a lot of people is a longterm hold. As the name implies, the developers are foccussing on establishing a fully quantum resistant cryptocurrency. At this point, this might not seem so interesting, because the era of quantum computing is yet to come. But looking a few years down the line, quantum resistance could become very important. Hence, this coin might be one of the very few that is really future-proof. So with every news item about the future of quantum computing and how it is getting closer and closer, we might see more interest in QRL as well.
Looking at the volume, we do indeed see that after the initial listing the volume died down, but has picked up somewhat during the last few months. This also caused a breakout from the yellow dotted trendline and now we have seem to have started a new upwards trend. At this point, QRL has retraced to around the 0.0618 fibonacci level and approaching the lower trendline. We might see a reversal and start of leg 3 in the coming week. The StochRSI also indicates that we could go up from here and the RSI is pointing upwards as well. The MACD looks neutral, but the lines are starting to converge. For now, I'm waiting out and will only enter the trade once all of these indicators and price are confirming an upwards move. Will keep an eye on QRL coming week.
QTM bullish setup, patience neededQTM jumped last weekend but fell back soon afterwards.
Still, it's trading within an upward channel. I would consider this a bullish accumulation phase.
In case of breakout, I expect at least the height of the range, roughly $80, as the first target. The crucial test would be $100. That will depend on the overall crypto market, I think.
Quantum rally or dumpQuantum was trading in a range. It broke out and has a good potential. It is now testing the upper part of the previous trading range. A few scenarios now are moon or dump. If it closes below the yellow line it could go back to the lower end of the previous trading range. If the upper end of the trading range supports it, then quantum could go to the following targets. mid term and long term. so the next 2 hours are decisive on the 4h chart.
purple: resistance
yellow: trading range
orange: uptrend
arrows: targets, mid term and long term
trade smart!
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/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!
Quantum BUY AnalysisIf High Holds, BUY When Price Retraces To $20.50. Close 50% At $33 TARGET And Let The Rest Ride.
Symbol: QTUM/USD
BUY PRICE: $20.50
TARGET PRICE: $33.00
BITTREX:QTUMUSD
QRL LONG Buy (1250%+ Earnings Potential)Another opportunity, Quantum Resistant Ledger (QRL).
Buy-in: 0.00007000 - 0.00009300
Stop-loss: 0.00005989
Forget about the stop loss, this only needs to be looked at, ever, if the coin is crashing down, when we are trending UP, please, focus on PROFITS, focus on the targets.
We are here TO MAKE MONEY, not to STOP LOSS.
Target:
(1) 0.000155
(2) 0.000183
(3) 0.000262
(4) 0.000378
(5) 0.000607
(6) 0.000710
(7) New ATH
Indicators:
- All bullish indicators are on the chart.
- Main strategy: BUY LOW, SELL HIGH (It works)
Remember something simple, when you enter one of my trades.
There are only two possible options, and three possible steps.
The two options you have are the following:
1) Sell for profit
2) Sell for a loss
YOU CHOOSE
The three steps are:
1) Buy
2) Hold
3) Sell
IT DOESN'T GET ANY EASIER THAN THAT.
There isn't anything that can be done.
This is the easiest business in the world.
Wow my god, who knew trading was so easy, let me try again.
I buy, then wait and then sell.
That's it.
"Ok, I understand Alan, let's move on. I already bought my coins, I am on the second step stop, you keep on telling... TO JUST HOLD".
Of course, until the time to SELL for profit, comes!
Namaste.
* Trade active @ 0.00007883
QTUM - A Quantum Leap Forward After Another?Interestingly, after an intense rally up to $31 last night, BITTREX:QTUMUSD seems to be consolidating pretty well. It's always hovering above $27 USD which serves as a support level at this point. Here, we can see that a pennant is forming hence the spike in price when it broke out but dropped back inside due to low volume. It's going to be interesting to see what would happen in the next few hours. Will BITTREX:QTUMUSD undergo a major correction or is another quantum leap awaiting for us?
Catching up to doHere we see a clean break out of the wedge on a daily chart - no doubt we are headed higher - at least to test the 78.6
QRLBTC possible 100% in profit It is risky trade probably like most of them. We can see here that the pair tried to breach solid support created by Daily GAPS but failed. This price action is suggesting that the pair should look for more space and move higher as there is not much resistance just before 0.00030000 mark.
10k psychological number, pair played with it for three weeks and eventually decided to move in other direction. If we switch to weekly chart this level wasn't pierced by any of the weekly candle which is suggestion that 10K has been defended.
QTUM - Quantum Make or Break
So I wanted to do a nice write up on QTUM and why I like it for long term, but it's late and I'm tired so I'll just do this technical part and then I'll come back with a fresh chart another time. I'll just say that I like the idea behind the tech, which is to combine BTC transaction security with ETH smart contracts. Do note, that I have recently discovered there are question marks about one of the founders, so do some homework. I'm in the process of reassessing whether or not this will be a short or long term move for me.
So for this chart, QTUM actually broke down further than I had anticipated. That being said, it still is not something unusual when you look at the fact that it has now touched support on the primary trend line. If it breaks through this support, it should continue downward. If it breaks out, then we could see a fresh move upward after a nice correction. Note, that they are supposed to launch their mainnet sometime in September, so if you are interested, I suggest reading up and look into the team as well so you are sure you are comfortable.