QTUM is a Chinese coin that’s designed to integrate the 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 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’: . While some coins, like WAVES for example have made large moves independent of , the price history of QTUM doesn’t suggest this is likely, even though it has had some 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
Published at Thu, 27 Dec 2018 03:01:08 +0000
