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QTUM - will crash miserably
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.
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.
Nota
Zoomed in:Nota
No that was actually zoomed out :)Nota
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.Nota
Big crash coming any moment now. At least 50%. This is not trading advice. Don't forget that I'm a rookie.Nota
Bytheway, it managed to hit that ring I tanked about 2 days ago. So the beauty will be preserved. That's good.Nota
Road to $16 zoomed in:Nota
$16.2 was the bottom.Nota
My guess: An upward retracement to 1000-day moving average and ring around the price $43Nota
That's more like 41 day moving average (1000/24 = 41)Nota
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?Nota
Zoomed in:Nota
Someone get a plumber... QTUM seems to be stuck in that pipe...Nota
Moved down target to $39 because of the moving average.Nota
$39 looks within reach.Nota
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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?Nota
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.
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