QTUMBTC trade ideas
Trading Plan: QTUM 25% !!QTUM Making Bullish Channel and Now Buying Zone.
Buy 590-600
Sell 670, 730 & 750+
Stop Loss 540
Let See , What Will be Next Move.
I hope that Price can fly From Buying zone.
Share Your Opinion in Comments.
if You Satisfied With My idea Then Dont Forgot To Hit Like.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
QTUM May Provide Nice Gains SoonWe haven't covered $QTUM in a while, so let's get to it.
So, from first glance, QTUM/BTC actually looks promising. Why not?
Let’s take another scrolled out look at the price action now:
Relative Strength Index (14)
Zerononcense Balance of Power RSI (Custom)
As we can see here, the indicator is trending heavily downwards, which indicates distribution (selling). Whenever the line turns red below the purple overlay (“oversold”), then we can begin looking at whether there is some accumulation on the chain.
Until that point, it appears that this is yet again a ‘wait and see’.
Conclusion
The positive thing here is that the downtrend has definitively been broken on the daily chart for $QTUM.
However, there is still some price action that we need to wait for before we can publish an idea in which we definitively enter into the trade.
Until that point, this is worth setting a couple of well-placed alarms on and waiting.
Qtum newsInteresting move here. Half of the large upward move earlier was from buying pressure and coins dumping. Looks to be some price suppression. Bollinger bands are expanding nicely though. QTUM has also partnered with AWS china. Much of the same type of announcement TRX made recently these projects need more computing power. Qtum is aiming to create blockchain-as-a-service for enterprises. Global Node count is at over 5,000, Half in china.
QTUMBTC LONG. SUPPORT ABOVE WEEKLY OPEN BLOCK AND QTUM IS READYLower timeframe levels will be posted in a chart in comment section for further analysis.
Low timeframe structures can aid in minimizing risk by understanding invalidation levels.
The Higher timeframe context gives us the big moves (reward) the lower timeframe can
give us great entries and tighter stop losses (minimal risk).
This understanding is what makes a great trader, it's all risk to reward in the end.
Good luck,
The TRADRZ Team
Original idea by Ribz
QTUMBTC LONG. SUPPORT ABOVE WEEKLY OPEN BLOCK AND QTUM IS READYLower timeframe levels will be posted in a chart in comment section for further analysis.
Low timeframe structures can aid in minimizing risk by understanding invalidation levels.
The Higher timeframe context gives us the big moves (reward) the lower timeframe can
give us great entries and tighter stop losses (minimal risk).
This understanding is what makes a great trader, it's all risk to reward in the end.
Good luck,
The TRADRZ Team
My Quantum (QTUM) Trade I've been watching QTUMBTC since the Amazon China partnership, which is indeed real as far as I know. If this had happened during last year's bull run, it would have spurred an instant 100-300%.
www.coindesk.com
It has struggled since to get out of this accumulation range, but it has HUGE upside potential and thought it had a good risk/reward ratio, so I took some of my BAT profits and entered a small position a little below 600 satoshis. We COULD form a big compound inverse head and shoulders soon (shown in red on my chart). This is an interesting hybrid BTC/ETH coin with some long term potential, although some interest has really dropped off lately. Currently flying under the radar, which is what I like! It is well off from its all time high both in BTC value and in USD value. It reached $80 during the bull run, so it could easily 20x from here if BTC returns and the coin sees some more use. We'll see what happens!
BUY:
586-620 Ideal entry (I bought around 595)
620-650
STOP below 586 or the light blue trend line on my chart.
SELL TARGETS:
800 First target
1000 2nd Target May take some profit here.
1500+ I will definitely take some profit here, hoping it makes it. I'm looking for this to be a low risk-high reward trade. We need more volume though.
4000+ all time high
This is not financial advice, nor am I a qualified financial advisor. I'm posting this chart so you can follow along with my trade (and for my own personal growth and trading education).
-Victor Cobra
QtumBTC Potential Buy OpportunityQtum trading in Bullish channel and price bottomed out with a formation of incerse Head and shoulder pattern.
The pattern target is stated on the chart.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: Possible Support LEVEL
GREEN: SELL TARGETS
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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
QTUM/BTC - New cycle around the corner! I'm bullish on Qtum. This is MY trade idea, and I'm sharing this with you.
Qtum had a correction that wiped over 90% of value. Things are starting to change, we are now seeing how the supply is being absorbed at the "value zone". Panic selling has stopped abruptly, and instead of lower prices, we see a significant increase in demand. Less supply leads to higher prices.
I think this is a good entry point (~0.000624), but you could wait for confirmation once the uptrend crosses 0.000724.
Targets are marked on the chart, but I will be locking profits as price goes up.
Thumbs up if you agree with this idea.