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, this might be the best buying opportunity1/ Volume is increasing, this is showing sign of accumulating.
2/ RSI bullish divergence on Weekly chart.
3/ There is no big bounce since 0.0025, and Qtum's price has been decreasing 600% since.
This is 1 of the chart that I'm so confident that we're about to see some significant bounce soon. The price might fall a bit more to the 400 SATs level but I don't see it breaks below this. I myself just picked up some Qtums, and will consider going big when its price is at ~ 450 SATS.
So how to play this:
Accumulate, put ~30% of your free Bitcoin in QTUM now. Then pick up more at these below levels:
0.000470.
0.000460.
0.000430.
take profit anytime you want, this bounce is at least 100% I can almost guarantee.
QTUM - More room to fallQTUM has touched a monthly support level. The next 2 major wicks were really close but it never touched. This is a sign that QTUM is in accumulation right now...
In my opinion, I can see QTUM fall a bit more based off TA and the market we are in right now. QTUM may even create some new support levels.