QTUMBTC trade ideas
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
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
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.
QTUM - Good Short Gains, Even Better Long GainsINTERPRETATION
BINANCE:QTUMBTC consolidation period possibly complete & prepping for another bullish run for short-term profits. Possible target extrapolated using previous bull runs. Lots of progress & growth in project that has generally gone unnoticed makes QTUM undervalued as the price will likely continue to advance making it a healthy hold for long-term profits.
BUY SIGNALS
- T&K bull cross
- Price-T&K bull cross
- Price-Cloud entry & breakout
- Increasing momentum
CAUTIONS/CONFIRMATIONS
- Price crossing 38.20% fib line @ 4105 should provide assurance in bullish run
POSITION
Entry @ 3200 (Short Target @ 5500)
Qtum (QTM) - Preliminary Buy SignalsBITFINEX:QTMUSD Strong candidate as future blockchain platform makes it high in demand.
POSITIONS
Bought position @ 3700 (HIGH RISK ENTRY)
BUY SIGNALS
- T&K bull cross
- Price-T&K bull cross (nearly complete)
INTERPRETATION
This was more of a spontaneous early buy & preliminary scan. Although there are limited buy signals, I consider it appropriate to take an early, high risk position as I believe QTUM has the capability to secure the bull run. In the scenario it is rejected, it a viable long-term hold that will yield positive results despite initial loss.
CAUTIONS/CONFIRMATIONS:
-Price-Cloud entry & breakout through next red cloud to confirm suspected bull trend
- next cloud has fairly thick cloud; selling pressure may be too much to break through resistance
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QTUM RangeQTUM has been trading higher on two exchanges leading in volume and price - bithumb (7.9x volume lead) and coinone (.7x volume lead)
You would probably want to pay attention to those and see how the price is arbitraged.
There is not very defined "Support" "Resistance" levels due to the drastic swings on this chart, but there are areas where we can see price consolidating. These also almost match with Fibonacci so I have setup Red/Blue Fibonnaci Support/ Resistance Faded lines to use. Also I have placed a resistance downtrend, and uptrend support which may be flawed a bit but the swing resistance seems to be tested right now.
I would probably wait for more indication before making a trade on QTUM. The % won't be large on trades at this point unless you can catch something with leverage or see something happening on a bigger timeline.