QNT Deep into bear flag with bottom heavy liquidity

16 окт. 2022 г.

tradingview.com/chart/NY8O55UE/

** Disclaimer** I'm a novice trader working to put my thoughts out there to see how the stack up against the market - please feel free to share/comment on my thoughts - please don't use this chart as financial advice


I spotted QNT trending on twitter which is often a horrible trading strategy but a lot of people use to heap into trades. I often like to see what the public is getting hyped over on a narrow band vs zooming out and checking the numbers.

Looking at QNT on the 1D I see an exhaustive peak deep into a bearish flag - we're likely looking at a final euphoric peak before we move to e.; likely a test before a move down or a final rally before a move down; suspect the move down could likely be quite violent too

We have 72% of holders in the money according into the block; there is a weighted ground of holders sitting at the 42$ level; and retail holders up from there app.intotheblock.com/coin/QNT/deep-dive?group=all&chart=all. There are investors buying into the red at the peak of the exhaustion app.intotheblock.com/coin/QNT/deep-dive?group=financials&chart=inAndOut

It think there maybe a hepty turn around if the 6.5k addresses holding 13m of QNT liquidate; app.intotheblock.com/coin/QNT/deep-dive?group=all&chart=all

Will come back to see how my analysis above results for QNT in a week or so

16 окт. 2022 г.

Заметка

I note that there are a lot of grammatical errors in the post above, I can't find the edit button but will ensure it's cleaner next time; also ill embed screenshots rather than links if I have references to sites like "into the block"

17 окт. 2022 г.

Заметка

QNT just reversed through the bear flag, looks like a potential liquidity dump - trying to confirm via intotheblock

17 окт. 2022 г.

Заметка

Looking at the stats supplied by IntoTheBlock (app.intotheblock.com/coin/QNT/deep-dive?group=financials&chart=inAndOut), it looks like investors that bought into QNT during the climb from c to d have mostly liquidated their positions at d - the exhaustion rally is now being soaked by future bag holders - 360k is already locked up in positions between $215-$225. The 360k locked up at peak of the rally could play into downward pressure as losses are realised and stop losses get triggered.

19 окт. 2022 г.

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QNT has started to move toward it's 9 day MA. This to me suggests top end liquidity has initially dumped ~ 1.5m QNT now sits above the current price point. That suggests that a lot of people aped into the exhaustion rally - now bag holders. In the short - QNT has rejected the MA - 9, however with the number of bag holders increasing dramatically I think we can assume the pressure downwards toward e. is now more likely. I set an alert for price point $145 to re-assess the situation.

24 окт. 2022 г.

Заметка

So far the bearflag has held true and QNT is retracing toward the $140 mark, there are a lot of bagholders up at the $225-182; ~11k addresses holding close to around 1.6m QNT- many of whom forgot to set stop losses (the power of euphoria)

I suspect we will likely hit $145 soon, and I will re-do an assessment on the coin - according to some indicators the exchanges seem to be "bullish" on QNT, which to me is strange