Short

Updated

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.

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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.

UncannyDeduction

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