Now trading above EMA10, which for us gives this pair bullish growth potential.
We can see a big volume bar showing up at the bottom.
I’ve drawn two potential scenarios on the chart.
These are not the only possible scenarios but the main two in my own view.
There is also the chance for this triangle to breakdown and QTUMBTC move lower and go below stop-loss. If that happens, we close this trade at a loss.
Instead, if it grows and goes our way, we collect profits every day.
PAIR: Qtum ( QTUMBTC )
BUY: 0.000385 – 0.000420
STOP: Close weekly below 0.000300
(Close daily below 0.000340, short-term).
Thanks a lot for reading.
Remember to hit like to show your support.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.