*Coin Telegraph
GOOD EVENING STEEMIT!
Do you remember that last week I went in search of the next crypto 10 bagger?
When I actually thought that it would be QTUM?
Oh man. Yeah good one dipshit...
Not like any of the easy forex or CFD brokers will allow you to short this motherfucker, but for those of us holding longs that want to ride out the altcoin storm, you aren't going to like this chart:
QTUM/USD 4 Hour
After a failed trend line break out pre Mainnet release, price has just been decimated since.
Price dropped straight through support, which has now been retested this time as resistance and continued lower again.
While Bitcoin is recovering (or at least dead cat bouncing for now...), I did say on Twitter today that the altcoins are waiting for BTC/USD to get back above the 4k support/resistance level before they move. With price still having some time to go, the alts including QTUM aren't going anywhere as you can see above.
Patience my Padawans. Patience...
Peace.
Related 
CHART ART Blogs
CHART ART BlogsIf chart setups that I've spoken about before are related out then I'll leave them here.
JUST HOURS UNTIL QTUM MAINNET RELEASE - 10PM BEIJING
IN SEARCH OF THE NEXT CRYPTO 10 BAGGER: WHAT IS QTUM?
Please leave a comment with your ideas or just share a chart.
Blogging about markets is all about sharing ideas and making us see all possible angles. I look forward to having you follow along and reading what you throw at me.
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