ICON / Bitcoin
Long
Updated

ICX/BTC - Still correcting after the hype

1 210
ICX still in correction, looking for that sweet point B.

Targets and entry points on the graph.

Remember, BTC pairs are tricky, always keep an eye on Bitcoin !
Note
Dont rush in, i dont think its a clear breakout.
snapshot
Trade active
Note
BTC pair may be going down but thats because BTC is going up, USD "pair" is still around the same level.
snapshot
Note
snapshot
Note
About to make a HH with volume.
Note
Game on. :)
Note
It may revisit the early exit area again and probably aim for the first target.
snapshot
Note
Target 2 is kinda hard atm, lets go for target 1.
snapshot
Note
its 4 sats away from the stop loss. I have lowerd my stop loss because its extremely oversold at this area.
An average of 4% loss in the USD pair if you havent taken partial profit at the early exit. Bitcoin might retrace to ~10k levels in the short term.
Note
Quite nice volume and a battle between bulls and bears, if it doesnt reverse here there is one more level down.
10 cents up since the last update.
Note
snapshot
Note
snapshot
Trade closed: stop reached
stop loss, as per chart.

Im still holding it because its extremelly over sold, we may see a bounce around the (a) level.
Note
snapshot
Note
Nice reversal candles for a small bounce, it has to close around 4k sats this hour se we can expect something better. But keep your expectations low, as many alts are over sold atm.
snapshot
Note
Its holding the line of the picture above, but there are lots of sell walls on the way up. Typical manipulation of the price IMO, so you need to up your HOLD game if you are still in it. Oscillators on bigger term candles look very promising.
Note
it bounced of, but this whole structure is werid, so keep your expectations low.
I guess, the only tool for now is the fractal pattern and BB, if it keeps the middle line it would be good for the short term.
snapshot
Note
Dont take it for granted, im bullish biased on this one.
Note
snapshot
Note
Reaching apex,it may have a short term uptrend but i think the general trend is still down.

snapshot
Note
snapshot
Note
snapshot
Note
Well, massive sell volume as soon as a poop says its bearish, nothing new here, watch for a bounce or break around the 4k area.
snapshot
Note
ICON, my nemesis..! Its still going for a deeper correction, but the bottom is not far away.

I will try to provide a new idea within the next 24 hours, hopefully, sorry for the fail on this one.
Note
Updated idea.
ICX/BTC - This time, i know what you are up to Icon !

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.