Long

Updated

ICX/BTC - This time, i know what you are up to Icon !

Complex correction on ICX, oversold levels like the majority of the alts while Bitcoin dominance approaching its peak.

Very close to find bottom, but still has some downwards action after a small bounce.

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ICX, just like ADA is on the move for their short term targets.

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ICX is close to bottom ( i hope ) but still has potential for that B target, slightly lower than on the original idea.

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ICX is +14% after hitting (my) bottom, this is a good sign. Short term favors an uptrend aroud the B area of the original idea and then a retest of the low. As long as Bitcoin is stable of course...

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ICX, same as Bitcoin. Fib 1 and 1.236 sound more reasonable here than 1.618.

Trade closed: target reached

It will go lower, or retest this low after some SMALL uptrend.

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It seems like ICX, is holding here without being much affected by Bitcoin, good sign of potential bottom. It will take some time to bounce, but we are getting there. Patience.

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Its obvious that ICON doesnt believe in EWT. We will go with the basic approach of wedges, like professor @DCFreak. But because im far from "basic", we will add some fib lines! Woohooo! Bottom is close here, if not already in.

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ICON, although it doesnt like EWT, it cant defy fibs and patterns.

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ICX looks super impulsive after the Bithumb listing announcement. If this is not the top, its pretty close. Beware if you are (thinking of) trading this.

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All aboard the hype train of Korean exchanges listing...! Now, it makes sense why it was moving so weird on all this down trend. Manipulation and accumulation, solid combo.

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Ironically enough, if you lower the initial targets by ~20% ( bottom was 20% lower than "expected") it "hit" both of them. If it wasnt that Balarina twitter celebrity dumping at the bottom this would have been a bullseye. :)

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For those who dont get the joke, im refering to this. Dates check out.
twitter.com/DiaryofaMadeMan/status/975459520779440128

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The investors/speculators are back on ICX, but the traders took profit. Not bad overall.

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Icon... i dont remember the last time that this thing had an easy count. There are many fibs pointing at the 50% retracement of this bounce, so i expect some action there.

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May see some retracement soon, still in resistance zone.

Trade closed: target reached

Target uno. There is more! A lot more actually.

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Although it had a great impulsive first move i start to lean towards the scenario of that being an extended first wave so i have adjusted the count accordingly.
If that's true, it should stop around 6k sats.

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Dollar pair potential target?

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Last stand for the bull count.

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Didnt make it to the second target, unfortuntely. Should have one more leg down before some bounce.

No further updates here but i may post a new one once i get a little more confidence on the count and Bitcoin shows some strength.

Acel

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Acel

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