QTUMBTC trade ideas
QTUM looks to be shaping up for a sweet Valentines day QTUM is a Chinese coin that's designed to integrate the BTC and ETH blockchains, it's in the top 30 market caps, and in addition to having a working product the code contributions haven't fallen off completely.
All the same, the fundamentals of any of these alts may or may not mean jack shit. Plenty of seemingly decent products die every bull cycle and never see daylight again. Temper any optimism you may have, as pure hype has been the #1 fundamental for any of these shitc- er....altcoins thusfar.
So, looking at the TA it's been ranging in around it's ATL long enough to just barely eek out a cloud twist on the 1D. The PA will encounter the bull Kumo in mid-to-late Q1, giving QTUM the potential to be a superb Valentines day surprise. Setting up orders at the bottom of the bear Kumo on up to the green box could be a prudent setup for a position trade.
While this bear market is slowing, it isn't over by a long shot and QTUM; like nearly all alts, makes its big moves on the back of the crypto 'blue chip': Bitcoin. While some coins, like WAVES for example have made large moves independent of BTC, the price history of QTUM doesn't suggest this is likely, even though it has had some bullish action lately and the ATR is showing a bullish-ish signal.
As always none of this is advice, merely observations at most. Keep that risk management heavily in mind, especially playing the hype-based alt markets .
'If you ain't makin' mistakes, you ain't makin' decisions' -Ace Amin
QTUM - Marching Orders are UP!Looking at the 4hr chart, QTUM is in a nice ascending channel. It is currently bouncing off the lower boundary of the channel confirming it as support. This could be a great area to buy as there is a lot of room to move upward in this channel. My target will the top of the channel around .00065-66 and I'll have a stop-loss at .00056 which would be a clear break of support.
Qtum/Btc has it bottomed????Looks to Me like Qtum/Btc is coming out of its bottom. It is trying to finish off the reversal pattern its been putting in. But by the way the market is you need to be cautious. Right now it seems like Qtum/Btc is trying to finish the head part of the inverse head and shoulders reversal pattern its been doing. If this is the true bottom and the true inverse head and shoulders then it still needs to put in the right shoulder which should have it pull back down some. Dont be too aggressive in this type of market. Let them prove to you that its truly bottomed and wait for bullish confirmation before jumping in. With that said if your planning on a long time investment with Qtum then getting in down in this area is not a bad idea (for most of the coins that have retraced almost all the way back down) that is if it doesnt die lol. Thats why its imperative to follow up on how everything is going with the cryptos you invest in. Like always take your time and protect your crypto
----If you would like to learn technical analyses the correct way just send Me a message----
------If you have any coins that you would like Me to check out just leave a message and I would be more than happy to check them out for you------
------If My charts have helped you and you are feeling generous-tips welcomed :) thanks------
Btc- 1HrzkkMTJZHvLxgutmNT9qNAussZwSBrf8
Ltc- LNhiQ2uEjUhy8UwmXUk1sgA9ZSXqSBkKRV
Eth- 0x85a2db972B76b8d8eAB52F77aB499CD5F74eDfaF
Bch- qr44ltflnphqprc34lmg9nz5zcr6dy0wdcqvx3q9u8
Iota-XTFHKGXUVPTQXFKLWDILPIYASLUIMK9GIJOGXACLEIPIOJI9LVYPGWDYCREXZCEYZ9MZLJJXPYDMRWWTYOYRKBZCCW