Looks dubious for QNT.

2022年3月18日

A descending series of symmetrical triangles. Don't be surprised to see QNT visit the recent low of ~83.

I'd like to get a buy-and-hold on QNT when BTC bottoms out, but where will that be -- 30k? 25k? 20k? Lower?

A swing long on QNT is in the cards for me if BTC is at support when/if QNT hits 83-ish.

2022年3月24日

註釋

A new upper line to my stupid symmetrical triangle, in red:

i.gyazo.com/6811bdbf54611e84847bebf16074d443.png

I'd like to get long and hold QNT for a return to 400 and beyond, but I'm not buying this "breakout" yet. I scalped it from 125-128. I still think BTC will go sub-30k and take QNT with it. The plan is to buy QNT for a long-term hold when BTC bottoms out somewhere in the 20s. In the meantime I am catching QNT knives
at short-term support in coordination with BTC at short-term support.

Why not just scalp BTC bounces, you ask? Because low-float QNT bounces are often twice as big, percentage-wise, as the corresponding BTC bounces. Plus I am learning how QNT trades, which will help me get a good entry for an eventual long-term hold.

I don't recommend these bad habits to anyone else. Posting here helps me focus on my trading experiments.. Don't take any of this as advice on trading or investing.