Another one with a pumped volume thats sustained a steady uptrend is QTUM, we have made some trades on this already as we picked a giant inverse H&S weeks ago waiting for the neckline to break, we did break but was a couple of false starts as we walk closer up trend to crunch time. On the smaller time frames we have some time to retrace back to trend so only a small position taken so far with more orders back on trend and some lucky dips just below, if it has no chill and wants to run....so be it.
35% to first major target before a cool off period, with final target on the larger more bulky supply level at 1200 for a juicey 80+% total. May need some time to get that final target but those tests in the books tells me it should move fast once we can close above the neckline. If we break trend and start a downtrend then we out for now but looking for a reentry as i believe this wants to go.
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And this is why we teach more understanding of market structure, patterns and cycles rather than waiting for the market to react all the time. we are already 16% up on this trade and its not breaking the neckline of the giant inverse. Now bring on the break out scalpers late to the party looking for a 5%er lol. This should have lengths, need to give it some room and let it walk, as we always teach risk management its ideal to avg out of position at key levels or move stops up to ensure profit take incase we are wrong.
Last dump make me disbelieve of this coin, but I still want to create assumption and conspiracy theory:
1. QTUM very big bag holders made agreement with Whales to pump it which that is: They will pump if they can buy in very low price (Pump cost - dump cost = profit)
2. Whales put buy order at low price
3. QTUM bag holders dump till reach the target price which whales asked
4. Whales pump immediately
5. Now whales strict on TA to do resistance breakout
1 - 4 is automatically by bots algorithmic.
Unity-Trading-Group
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@anonycoin, i agree mate, when btc through out that 1k candle and the alts all took a dive, that massive drop on qtum has me worried and we wont be trading this coin much more for a while, i have seen a few of those dump candles before and unsure if it takes liquidity with it but we normally see price come back down to square them up, so gonna take a hard pass on qtum till it can prove otherwise
anonycoin
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@Unity-Trading-Group, usually get pumped when whales holding around >70%, lol.. and we wont notice the pump..., and the dump will be bloody smooth when everyone FOMO and don't know actually they are late..
1. QTUM very big bag holders made agreement with Whales to pump it which that is: They will pump if they can buy in very low price (Pump cost - dump cost = profit)
2. Whales put buy order at low price
3. QTUM bag holders dump till reach the target price which whales asked
4. Whales pump immediately
5. Now whales strict on TA to do resistance breakout
1 - 4 is automatically by bots algorithmic.