Quantum Resistance Theory

BITTREX:QTUMBTC   Qtum / Bitcoin
BITTREX:QTUMBTC has seen a healthy rise in its current ascending channel . The mid-channel line has provided a very strong support. Look for entry near the mid-channel line, and safe exits at the top of the channel.
If the price breaks resistance near 0.00382 BTC , I expect it to potentially break the channel and aim for previous resistance zones. I will update the idea accordingly.
Comment: Looks like BITTREX:QTUMBTC saw major rejection at the top of the channel. Regardless, it's still being supported by the mid-channel trend line. I'm still holding my position.
Trade closed: target reached: I took profit at the top of the channel. Looking for re-entry in the mid-channel zone.


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