blakeren

QTUM/BTC Trade Setup

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BITTREX:QTUMBTC   Qtum / Bitcoin
Looking like we could come to a good entry point for QTUM if it is able to break resistance. This resistance line was broken, after it was setup by a nice head and shoulders pattern. Once it confirms a break in resistance, look to buy in at the blue line (0.00330). Appears that we also saw the end of an elliot wave cycle, so we could be at the beginning of a new one, which could mean big gains. Wont set a target yet as I like to see where the first retracement starts. Stop will be set at 0.0030. Looking for it to start retracing around the 0.00360 mark as this is a previous major support/resistance area. From here I'm expecting it to retest support, which if we see a bounce from here then I can see an ATH test

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