This is not trading advice. I'm a bad trader (still work full time with other stuff).
I think QTUM will crash to around $16. So around 62% of current value will be lost. This must happen for the beautiful pattern to continue to evolve.
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Zoomed in:
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No that was actually zoomed out :)
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Ideally I should've waited 2 days to release this idea, so that it is allowed to hit the small ring, but my subscribers are screaming for new ideas and I'm starving them.
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Big crash coming any moment now. At least 50%. This is not trading advice. Don't forget that I'm a rookie.
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Bytheway, it managed to hit that ring I tanked about 2 days ago. So the beauty will be preserved. That's good.
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Road to $16 zoomed in:
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$16.2 was the bottom.
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My guess: An upward retracement to 1000-day moving average and ring around the price $43
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That's more like 41 day moving average (1000/24 = 41)
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QTUM is currently engaged in a sword fight with the 200 (hour candles) moving average and at the same time using his shield to push through the Fibonacci ring. He looks like a strong fighter. Could he reach $43 soon?
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Zoomed in:
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Someone get a plumber... QTUM seems to be stuck in that pipe...
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Moved down target to $39 because of the moving average.
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$39 looks within reach.
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I see a considerable possibility of QTUM going to $22 the next few days. I'm not going to buy if that happens, because then I expect it to go down again.
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Okay, not really $22 yet. Either it goes that price (22) or it will start to decline with abnormal high volumes the next few days. That's my guess.
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Has the high volume decline started? People moving their money into other coins and fleeing QTM?
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Don't trust me at all on this one but there's a small chance of it going to $16 again. I will wait for that and risk missing out.
ok i'm in u called it going down let's see if we can track the next leg
420snoop
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nice
franco.cejudo
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Exactly on the bottom. Congratulations, great analysis! what do you mean by "This must happen for the beautiful pattern to continue to evolve" Do you already have a target for this pattern?
UncannyDeduction
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@Franco.cejudo, I don't have a target. The pattern has many possibilities. What do I mean with beautiful pattern? That it is destined to move restrained by circular symmetries, and if it breaking this pattern is unlikely. I'm new to this so I'm learning also...
UncannyDeduction
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@Franco.cejudo, maybe I was lucky. But when reading this it has only got 300 views, so it moved to that price by itself and this post probably has little to do with it...