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QTUMBTC trade ideas
LSL Slingshot SetupHere is a trade setup that has occurred many times recently.
The profit is not always this immediate, but it can still lead to some very nice entries in a bull market.
This setup is very specific, and requires many conditions to be met. Firstly, there is a markup in price. Then it moves sideways.
This encourages longs to enter, as the price is increasing, and there is support at and below the sideways movement.
Then, the price breaks out above the sideways movement. Any shorts will be likely to cover, fearing a breakout to the upside.
This creates buy pressure at this level. More longs will enter, creating more buy pressure.
However, the breakout fails. The breakout trader longs are left in the red, and the shorts get a little bit more aggressive.
The price spikes down, below where the first sideways moved was happening. This causes longs to get liquidated/stopped out,
creating more short term sell pressure. Maybe some shorts enter. The sell pressure lets up soon after the longs are stopped out
creating room for more buys again.
The price begins to get marked up. After all, the longs were liquidated, creating a fire sale. The shorts have covered by now
or are covering if they're smart, because they're in the green and the price is going back up. There is only buy pressure now.
Then, the price spikes up. It had nowhere else to go.
Before attempting to trade this setup, go back and look at many different charts and see it play out. You are responsible for your
own trading. Make sure that you know what you are doing and always manage your risk.
QTUMUSDT is inside a rangeAfter a nice profit In Vip Channel, $QTUM.X is inside a range and the price is testing 0.786 Fibonacci level. IF the price will have a breakout from the range and from descending 4h trendiline, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
QTUM Pump coming Prepare yourselfQTUM has announced the first DeFi project on the QTUM blockchain. The team announced that soon new DeFi project will release on the QTUM chain. QTUM has big news coming in December and has a lot of development updates. The chart also looks good and we see a clear breakout from the downtrend.
Buy Zone: 1360-1390
Target: 1550-1730-1980-2250
QTUMBTC AnalysisThere are 3 sell signals present but the candles has reached at my support level (0.00012), so, if you haven't bought QTUMBTC, and if you really want to buy, you can buy right now.
Or, you can wait for EngineeringRobo's BUY signals to be present or you can buy when candles open-close above my resistance level (0.00018) for 1D.
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.