It's internally working its way up, trading in the channel (black ), from what I see, its in the middle of its wave 4, before an impulse up to complete its wave 5. We see a reaction off the 50% to the tick, but it doesn't look strong enough to hold. I know there'll be a reaction at the 61.8% if we get there. A touch down at the 78.6% would require hard sell side pressure, and anywhere lower all bets are off.
At the moment im watching to see if we have an at play, but it does look , as it is trending up, and it does look like its on its wave 4. So I WOULD NOT buy in yet, until I either reach my targets, or BTC makes a move and QTUM decides to follow.
**NOT FINANCIAL ADVICE, JUST SHARING WHAT I'M SEEING**