Qtum is one of the strongest altcoins in this market, if you look at its market cap. In a nutshell, the project is based on a mix of Bitcoin ( BTC ) and Etherum (ETH), think about that for a minute... Ok, done thinking? So... now... Let's trade!
***** Qtum ( QTUMBTC ) Trade Analysis by Alan Masters *****
Buy-in: 0.00200 - 0.00238
Trade strategy: (Basic) Buy, hold and sell on target. The stop loss is always optional, it depends on your trading strategies and goals. Long term holder don't need it, while shorter term traders can make use of it. It is up to you. I haven't been using one since March.
Let me entertain you a little bit.
How can I entertain you right now and for how long?
Will I succeed or will you know?
Are you being entertained yet?
Don't worry ... I am not here for your entertainment, I am here for you to get paid!
Enjoy the profits!
Enjoy your day!
Here is the chart:
Thanks a lot for your continued support.
Remember that the stop loss is optional. On a flash drop, you can get kicked out of the trade if yo uhave it active.
What we normally do and what I recommend is to buy and hold patiently until the next Altcoins market Bull Run starts.
The stop loss is optional and only recommended for advanced and short term traders.
If you are a beginner, you can simply wait and this correction will be over in its own time.
Patience is the key!
Feel free to buy in, rebuy and reload.
It might fall in a few days. So it might fall before going up, according to the signals that I am seeing now, this can change anytime of course.
Here is the chart, the SMA20 (green) crossing down the EMA50 (magenta) line is a very bad signal in my charts:
The bounce can happen pretty quick though.
Can you give us a update please?