QKC/BTC (Testing Key Level Support)💎Technical Analysis Summary💎
BINANCE: QKCBTC
-QKC is back at the 30s sat range where its previous swing low support
-This is on a 3D chart and we still have 1 day left before it closes
-If QKC can show up any sign of strength within a week
-There is a big chance we can see a small upside correction
-Provided BTC will not make any drastic action like a big dump
-Please pay attention to the market, there is still a high risk involve
-There is no confirmation of another Altseason yet
A big Thanks for donating 💰 via Tradingview coins this week to SattarKHAN 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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QKCBTC
✳️QuarkChain/BTC (1/11) #QKC $QKC #QKCBTCQKC is in the start-point zone of a strong upside wave from 30sts to 110sts in May and June.
And just below is the start-point zone of the strong upside wave from 27sts to 60sts in February. Also good zone to buy.
So in these zones, there will be quite good buying power so that we can stick to and make a big profit. We should split up and buy in these 2 zones.
📈BUY- LONG Strategy
- Buy: 30-32sts
- Buy: 27-29sts
Stoploss if 1D candle closes under 25sts
📉SELL-SHORT Strategy
- Sell: 48-50sts. Buy back if A
- Sell: 78-80sts
♻️BACK-UP Plan
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
QKC/BTC (Trading at Key Level Support)💎Technical Analysis Summary💎
BINANCE: QKCBTC
-QuarkChain retested the key level of support
-We saw a good bounce up but still not enough
-Because the trendline resistance still rejecting the price
-As long as this resistance barrier remains valid
-The Bears can easily enter the market keeping the price lower
-So the best approach is to wait for breakout confirmation
A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
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QKCBTCthere is a few reasons for this bullish moment..
.....
30 September 2020 (or earlier)
Mainnet Upgrade
The mainnet of BigBang with multi-native token function will be officially launched in Q3
......
31 December 2020 (or earlier)
Staking 2.0 with DeFi
"It is expected that the online platform of DeFi will be launched in Q4, where miners can freely publish staking contracts..."
.......
Building The Next Generation of DeFi Network
QuarkChain
5 min read
With the continuous development of blockchain technologies, the financial landscape on top of blockchain, especially that of decentralized finance (DeFi), has been expanding and explored in depth. Its market size is growing substantially and yields a certain degree of influence. In February 2020, there are about 1 trillion USD of financial assets that are participating in the blockchain systems. Large companies such as Facebook are also eyeing the bright prospect of the industry and started launching the Libra blockchain system to attract more people to join the ranks of DeFi. They are even willing to provide the 1 trillion unbanked internet users low-cost, secure financial services.
The Current Situation of DeFi network and Its Challenges
In the area of DeFi, as Ethereum has the natural first-comer advantage, most financial contracts were issued on the Ethereum blockchain, which includes issuance of assets (ERC20), exchange of asset (Uniswap, Kyber), making of stable assets (MakerDAO), borrowing (Compound, dy/dx), and so on. Even though there is a remarkable level of DeFi activities on Ethereum, there are some major, foreseeable deficiencies in the future when Ethereum needs to service large-scale DeFi applications.
Low usability of services: the low throughput of Ethereum (approximately 15 transactions per second) cannot satisfy the usability of large-scale DeFi applications, especially the congested network traffic that is brought by the emergence of popular applications. When this scenario happens, it will halt all the other DeFi applications and significantly lower the usability. In the history of Ethereum, such network congestion took place frequently, such as the popular reception of CryptoKitties and Fomo3D; within a short window of time, Etherum was not able to make any responses due to a sudden surge in traffic.
High transaction fees: The low throughput of Ethereum led to another problem, which is high transaction fees. While there is an increasing number of network transactions, in order to process user transactions in time, users will be forced to pay higher transaction fees. When a user participates in a complicated DeFi transaction, the problem of transaction fees will worsen where each transaction may cost $1–2. When the transaction fees approach the expected return of using DeFi, the level of activity of DeFi will be lowered.
Inconvenience of using non-native assets: there are two types of assets on Ethereum, native assets ETH and non-native assets, ERC20 and NFT. On Ethereum, native assets can be used to pay for transaction fees and carry out transfer-then-call whilst non-native assets cannot be used to pay transaction fees and are required to go through multi-step transactions to participate in DeFi activity, which brings much inconvenience to users and developers. For example, when a user participates in non-native asset DeFi-related activity, he or she needs to get hold of both ETH and the corresponding non-native asset, which heightens the hurdle of user participation.
Even though ETH2.0 strives to solve the problems of low usability and high transaction fees through sharding, yet there are no confirmed dates of its official launch.
Building The Next Generation of DeFi Network Through QuarkChain
Since its inception, QuarkChain aims to design the next generation of DeFi network with these goals: higher security, lower transactions, high usability, and more convenience. The QuarkChain network leverages its proprietary Boson consensus technology and solves all the existing problems faced by Ethereum, while providing the following advantages:
High usability of its services: through multi-chain/shard design, the entire network can horizontally expand based on the demand of users’ throughput. The maximum of throughput capacity of the entire network, after third-party verification, can reach million TPS or above. Moreover, when there appears popular applications, the application will only affect the shard chain that the application is located with no effects on the other shards, which greatly enhances the usability of the network.
Low transaction fees: The high throughput of QuarkChain also brings about another great advantage which is to significantly lower users’ transaction fees. We expect to lower the fees by tenfold, if not more. The advantages of low transaction fees can help realize more DeFi scenarios that were previously impossible on the Ethereum platform due to fee concerns.
Multinative assets: QuarkChain allows developers and users to issue native assets to directly pay for transaction fees and participate in DeFi activities with no needs to purchase QKC. In addition, from the developers’ standpoint, they only need to maintain one set of code to support many DeFi contracts that support different multinative assets, which makes the development process more efficient.
Composability of cross-chain DeFi: While there are multiple shards running, there will be challenges as to how to use cross-chain protocol to realize users’ participation of DeFi activities across different chains. This is also known as the problem of composability. In fact, the founder of Ethereum Vitalik penned a post where he delineates how the future ETH2.0 will realize the composability of cross-chain DeFi: ethresear.ch In fact, QuarkChain already implemented Vitalik’s vision, through multinative assets, users can seamlessly participate on the DeFi activities of all shards anytime.
QuarkChain + NUTS Platform, Building The Next Generation of DeFi Ecosystem Hand-in-hand
With years of careful development, QuarkChain is poised to support the next generation of large-scale DeFi platform. NUTS Finance has world-class financial talents and many years of development and experiences in the blockchain DeFi area. The partnership between QuarkChain and NUTS Finance can reshape the existing DeFi ecosystem and help build an even more flourishing ecosystem.
Significantly lower the hurdles of DeFi: through NUTS Platform, we would allow any users to issue standardized financial products more easily. Using QuarkChain’s high throughput and low transaction feeds, we will attract more users to participate in DeFi.
Improve user experience: through issuing QNUT native token, users only need QNUT to enjoy all services on NUTS Platform, including creating contracts for financial products, provision of liquidity, and so on.
The first project that supports the composability of cross-chain Defi: NUTS Platform will be the first blockchain project that supports the composability of cross-chain DeFi. Even though the user sets up multiple DeFi contracts on multiple shards, all users can enjoy the services that are provided by the contracts on different shards.
Build a high-performance DeFi platform: QuarkChain will provide full support for the NUTS platform, including seamless support of QuarkChain wallet for QNUT, support of advanced transactions on the upgraded DeFi platform, and other special businesses.
With the full collaboration between QuarkChain and NUTS Finance, we believe a new chapter of the next generation of Defi is about to begin!
QuarkChain Prediction For Next Target (Wick & Candle Close)Here we are looking at QuarkChain (QKCBTC)... Let's play a game.
This pair is trading near strong support marked by the 0.618 Fib. retracement level as well as MA200... The bullish action can easily resume here.
We also have the 0.786 Fib. retracement support...
If prices go lower, this is very likely where the next move will start to form.
I am predicting that the next wave will result in a higher high and I am trying to guess the exact price.
We are looking at 195 satoshis for the maximum price when the next jump happens; candlewick.
And 163 satoshis for the main target or where the candle closes after the peak price is hit.
This is based on multiple chart signals, the general market cycle, and the newly formed uptrend.
For this prediction to be invalidated prices need to hit below 27 satoshis...
Any trading above this price and we can expect my targets to be the next candle close/peak... Let's see how it goes.
Thanks a lot for your support.
Namaste.
QKCBTC analysisThere is a head and shoulder pattern with the green line representing the "neckline". We are still missing the right shoulder pattern. We can buy at support (0.00000076btc) but we need to make sure it does not go below support, otherwise we will have to sell immediately. We have a buy 1, buy2 and green robo signal. If we get sell1, sell2 or red robo signal, we need to sell asap.
✳️QuarkChain [QKC/BTC] on Aug-17 #QKC $QKC #QKCBTCQKC is still in an uptrend and I think it will pump strongly over the next few days.
The target is for the 120sts and even 150-160sts in September.
However, there is still a good chance that QKC will return to the 75-77sts zone and this is a good buy zone to consider buying.
QKC Important Move Ahead!I am going to explain key points below and after that you can easily decide the trend.
1. Monthly Resistance was rejected on 1st test at 111 sats. 1st test is 90 % of the time gets rejected and the same thing happened here.
2. Candles also got rejected at T2, Which was a trend line resistance. Upper Trend Line has been tested 5 times. Observe closely. I have mentioned the numbers above. 1 to 5. But it was 5th time on the trend line resistance not the Horizontal resistance. Test on Horizontal resistance was the 1st attempt that is why it was rejected. You see where i am heading towards! ( When Horizontal level and Diagonal level which is Trend line level is tested multiple times then it becomes weak. Here in this case, monthly level was tested 1 time but trend line was tested 5 the time so it pulled back.
Monthly Resistance Test = 1st Attempt (Rejection 90% of times)
Trend Line Resistance Test = 5th Attempt (Rejection due to 1st attempt of monthly test)
3. When it pulled back from monthly level it have to test the support level, which in this case is a zone between two daily levels from 96-89. Support 1 at 96, Support 2 at 89. As candle wicked past 96 and touched at 89, it came back to trend line support at 96 as well as daily support at 96.
Daily Support= 96 sats
Trend Line Support = 96 sats
4. Wait for new daily candle to form above daily level at 96 sats. If the candle forms above 96 sats, then it is going to test the monthly level at 111 sats again. But for that to happen, there must be an increase in volume, which is not happening right now, as well as MACD is showing downward movement. But wait for the new candle.
5. If new candle forme below 96 sats, then it is going to test the 89 support and may bounce back again. And we might see some consolidation until a large volume builds up and we test the monthly level.
Right now, The move looks bearish.
For Bullish = Increase in Volume, Rejection from 96 sat level >> Then it will be bullish.
$QKC, Crossing over ~86sats level w/ R/S Flip on the 1D chart$QKC
Everything looking so bullish that is hard to pick 👀
Crossing over ~86sats level w/ R/S Flip on the 1D chart
UCTS Buy signals across almost all timeframes & volume slowly starting to rise again
Aiming for an entry at support level w/ targets at ~104/131/150 sats
#QKC
moving avreage 200 & macd & ichimokuhi
moving avreage 200 & macd & ichimoku &news fandamental
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
DeFi on QKC ?! Any DeFi announcement can be HUGE..3200% INCCrypto is crazy in DeFi nowadays.. QuarkChain is announcing their DeFi Plans soon. and implementing this year, Q3!
The bottom seems to be in and the trend is BULL currently.. gold rewards the patient ones..
My thoughts, potential 3200% increase in BTC Value, photo below.
Patience time for QKCHello, traders.
Apparently we’re holding above an important support level on QKC and the short term uptrend but wait
On the 4-hour chart, we can be making a bearish accumulation pattern.
This asset is a little complex to analyze, with a lot of divergent information, for Elliot waves we should still give a wave 5 upwards and we are respecting the short uptrend line
If we close a daily candle above 73 satoshis will start to look bullish.
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QKCBTC a bullish reversal pattern at the supportHi friends hope you are well in welcome to the new update on QuarkChain token. This token has surged more than 250% just in 2 month. So in today's article we will try to understand how the QKC token completed the bullish setup and what it can do next.
Formation of pennant:
Almost a year ago in July 2019 I posted an article on tradingview where I revlealed that the price action of QKC is moving within a pennant. And soon it can breakout this penant. Therefore I design my sell targets accordingly. The price action moved with the support of the pennant and somehow below the support as well and finally left the pennant directionless and after moving sideways started a bullish move in Feb 2020.
A wedge movement:
I tried to catch this pattern bit early. But in fact, the price action behaved like a falling wedge instead of pennant. Now if we watch the live chart then the movement of the price action and the pattern is as below:
Down channel, long term bullish signal by directional movement and breakout:
Now if we switch to the daily chart in order to take a closer look on the sideways movement after when the price action left the wedge pattern. Then price it can be observed that the priceline was moving in a down channel since September 2019 up to 22 May 2020. In the meanwhile the price action has made several attempts to break out this channel.
But after 14 Feb 2020 the movement of the price action should be noticed. That the priceline did not move down at support. And it was moving continuously very close to the resistance of this down channel. And if we observe the directional movement indicator then after 8th Feb 2020 the positive direction indicator crossed up the negative directional indicator that is very powerful bullish signal. And we receive a bear cross between these two indicators only from 6th to 12th May 2020 for some time. And the positive directional indicator again crossed up on 14th May 2020. Finally the price action followed this bullish signal that was appeared after 8th Feb and broke out the resistance of this channel.
From support of the channel up to the highest price level this move is more than 250%.
Formation of an up channel:
Now after breaking out the previous down channel. The price action has started its movement within an up channel. The priceline is moving within this channel very well by hitting the resistance and support. At this time the price action of quarkchain has again reached at the support and there are chances that the price action may start a movement to the resistance from here. However we can expect unless this support of the channel will be not broken down the bullish rally will be continued.
A bullish reversal pattern at the support:
Now if we switch to the more small-time 12 hour time period chart then it can be seen that the price action has formed a bullish BAT pattern at the support of the channel. The appearance of a bullish reversal pattern at the support of the channel is very positive signal. All the legs of this pattern are driven perfectly as required for the bullish BAT move, there is only a little bit different from A to B leg retracement level that I have ignored. Now as per Fibonacci sequence the potential reversal zone and the Fibonacci projection area of this A to D leg is as below:
Potential reversal zone 0.00000070 to 0.00000067 sats
Fibonacci projection: 0.00000076 to 0.00000086 sats
So if we buy at the potential reversal zone and sell in the Fibonacci projection area then it can be up to 28% move. However if the priceline will cross up the 0.786 Fib projection of A to D leg that is the maximum extent of Fibonacci projection then the price action can start more powerful bullish rally