Andratos95
Panjang

QTUM/BTC falling wedge - Long term investment

BITTREX:QTUMBTC   Qtum / Bitcoin
QTUM/BTC has broken up a falling wedge in a downtrend ( bullish reversal pattern) in the daily chart .
This pattern has been built since mid-August.
The MACD has hit a triple bottom and now looks ready to turn bullish again.
BTC/USD also is currently building a rising wedge in an uptrend ( bearish reversal pattern), which can indicate that the price of BTC             will correct a little. This will also help QTUM/BTC to rise.
We have recently seen many alt-coins go up into impressive run ups ( ADA , IOTA, XRP, ETH, LTC, and so on).
People are psychologically being attracted to strong moves in prices, and QTUM could be the next on the list.
The price is currently testing the 23.6% Fib. retracement measured from the high August 11 (I didn't choose the ATH             on August 10 because I think the Fib. levels were not as relevant as the ones I used).
Price is also currently building flags in the smaller time frames (1h and lower), which are bullish continuation patterns.
I think an entry point for this market would be now.
My targets are the 61.8% and 78.6% Fib. retracements, respectively at 0.0034 (around +100%) and 0.0040 BTC             (around +135%).
The trade would be considered a failure if price were to re-enter the wedge .

This is not financial advice, this is just my opinion. Any comment is appreciated.
Dagangan aktif: We are going up faster than I expected. If this candle closes above the 50% retracement at around 0.00295, we are surely going to hit the first target in my opinion (sooner than expected).
Dagangan ditutup: sasaran tercapai: TARGET 1 HIT, shall we go for another round?
Dagangan ditutup: sasaran tercapai: TARGET 2 HIT.
Komen: And what a hit, I should add.
Amazing prediction! So sad I missed it :(
+1 Balas
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