QTUMBTC trade ideas
QTUM Where's the support? Short-mid opportunity.Qtum is entering the oversold area on the RSI, its on a previous support on which it had a nice bounce. The lowest support of qtum is still yet to be verified (by a 2nd attempt?) so be carefull entering. Use a stoploss. There's a decent risk to reward ratio.
QTUMBTCHey Friends, This is my TA using ADX indicator which uses three lines to tell both the trend direction and the trend strength. When the +DI is above the -DI, buying is stronger than selling.
The ADX line helps determine the strength of the trend. An ADX reading above 20 (some traders use 25) indicates a trend is present and attention should be paid to the +DI and -DI to
determine the direction of the trend (see above). When ADX is below 20 a trend likely isn’t present, and therefore trend traders may wish to avoid trades in the asset.
It appears to go sideways for an hour or so.
MACD will cross soon.
Oversold
ADX is showing pretty good strength. DI- and DI+ will cross soon.
Please wait for the candle to close. I will update you guys in about an hour or so.
Qtum Updates!We bought QTUM in 4hr time frame as when the first candle turned to green and I'm looking forward to earn the profit almost 80% of what I invested. For the who want to jump into this trade I advice to enter into a trade when we confirm that we have cut away that 200Ma which is now acting like a resistance and its a pullback in some other time frames like 30min and 1hour.
I will be long hold this coin it reaches the target i have show into the chart. This is not a buy signal but its an update of how does the QTUM keep on holding the trade.
I will be updating with the charts whenever it holds the moving averages and keep going higher as you can see the moving averages got bunched up in 4hour time frame.
All the best in your trade.
QTUM return?I try to forget about fundamental analyse but still keep returning to it from time to time (each time loosing money because I ignored technical alerts). QTUM here is one of my favourites. I was lucky/wise enough to sell it on 1st of February just before it started falling to where it is now - 60% in 45 days. Wow... thanks God I thrown away this HODL word from my lexicon =)
So now QTUM is bouncing between to SR zones born back in December (as well as Fibonacci levels that are working here as in a textbook). And I feel it has a potential for return. If it bounce from 178400 (maybe even 168000) and go above 188200 that will be a buy signal for me. Next alert zone at 196000 and than 202000. If you do quike trades these would be your sell points. If long.... well, I wouldn't be so sure about the long trend with such a volatile BTC 1.20% but who knows. After all QTUM has its own full node in SPACE!!! =)) no no no, don't think fundamental. Only the tape has it all. No need for news ;)
Check out day TF chart.
P.S. That ain't no financial advise. This is only for personal purposes helping me finding my weak and strong technical analysis sides. Trade on your own risk.
Qtum (Qtum) Update: Qtum is ready to launch!
Last few hours, Qtum has made a very impressive move. A noticeable volume spike was observed and it dramatically changed the trend. It seems that Qtum has successfully completed a long wedge pattern.
On the chart, the volume spike is appeared at the end of wedge, and it successfully breached the downtrend. The MACD is dramatically curved up and shows a positive signal.
If the Elliot impulse starts steadily, the Qtum will be priced at 0.0077 BTC (extensions in wave 5 are expected).
One thing to note is that if sudden price increases persist, you should pay attention to the change in RSI. When the RSI enters the overbought situation, it should prepare for a sharp decline.
Last chance?Qtum chart situation is quite interesting. There is the chance for a nice reaction. If it falls further then it might go down to the all time low.
I tend for the bull side. But this is more or less a 50/50 here...
However volume is very low. I guess if crypto (lead by BTC) regain popularity the volume will increase. The result: big green candles!
COOL Bounce :)Yeah this was a cool bounce :)
i have opened a position at 0.00158
My targets are 0.00245
Good luck
BAYOR
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.
Everything is a Cup & Handle - if you're brave enough QTUM C&H on 1 week chart.
Not the most beautiful C&H i've seen so far - but if TA still works in this insane market i believe we could see a massive Movement on QTUM in Mid April.
#NFA ( no financial advice )
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
QTUM BTC after huge eliot waves comes fight between the bulls and bear ,, after bouncing between the support and the resistance ,bears raped em ... but you need to kill your enemy not just raped ... so bulls made a last pull back and then died like a heroes and come standard correction so ,, the bears took all the meat , and are fleeing one by one , The new steers growth up so we can look here for some fresh breakout ^^ gl hf
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.
QTUM AccumulationI will be accumulating QTUM at around .0021-.00225 (yellow rectangle) . It has found some support at the .5 retracement level and the 7day moving average is curling up towards the 77. The RSI is steadily climbing, signalling confidence/continued buying activities. The MACD has a bullish crossover as well as showing a W formation (double bottom on MACD = Bullish?). The Squeeze momentum shows negative momentum is about to wrap up and we may see some positive momentum.
On top of all the indicators, I've drawn a descending wedge based off trend lines of recent highs and lows. If the formation can hold and a breakout happens around 3/7, then I estimate a 17-40% gain (purple rectangle) , a run up to the next resistance level of .0029-.003 (.786 retracement and big even/previous support).
On the downside, if QTUM breaks down from this wedge, we can see a test of the .382 level, .0019 and the big even .002 support lines. If these break through over the next few days, I will be looking to add on at around the .236 area highlighted in the yellow rectangle. That seems to be the last major support and if we break THAT, then QTUM has fully reversed back to the lows of early December. ( Which would warrant even more buying probably as I am bullish on the project/team in general).
*Disclaimer* This is not investment advice and this is for my own documentation purposes of my journey as an amateur crypto technical analyst :)
QTUM oversoldQTUM Currenly is oversold and we are in the end of downtrend channel , the volume is already started picking up, so here is my targets
