ICP (1M_Journey) Entry ( 7.72 ) Target ( 11.90 ) Stop ( 7.28 )BINANCE:ICPUSDT
1 Million Journey.
It is a long journey with NO FOMO & NO RUSH.
In those trades i will try to make 1 million USD from 1000 USD.
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(5)
Entry ( 7.72 ) 1000$
Target ( 11.90 )
Stop ( 7.28 )
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General information
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1. throw this challenge i will try to make 1 million USD from 1000 USD
2. It will be very long journey not fixed by time with NO FOMO & NO RUSH.
3. I will take this challenge by my personal money and my personal decisions so please if you need to follow ( do your own plan).
4. May be i can achieve that target and may be not.
5. I think it will be educational challenge.
6. May be a lot of challenges Throw the journey, i will try to correct the path every fall.
6. I do not need 1000X in one coin but i need small profit with a lot of successful trades depend on the following formula for 10% Profit
NST= ( IN(FV/C) ) / ( IN (1+P) )
NST = Number of successful trades (NST)
FV = Final value
C = Capital
P = Profit percentage
IN = Natural logarithms ( IN from calculator)
NST = ( IN ( 1000 000 / 1000 ) / ( IN ( 1 + 10% ) ) = 6.908 /.09531 = 73.5 Successful trade. with no loses.
Risk management
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1. Entry by 50% or 75% depend on the market situation.
2. Maximum 5% loses per trade.
3. Maximum 1 lose per day.
4. Maximum 2 loses per week.
5. Maximum 2 trades per day.
6. Minimum rewards has to be 5% and the maximum depends the coin targets & market situation.
Trading rules
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1. Figuring the best entry point.
2. After achieving more than 5% profit moving stop loss to secure 5% profit .
3. Trading available opportunities in the market ( everyday - every week - every month)
4. Trading will be spot only.
5. Trading will be with trusted & high liquidity platform ( Binance coins).
6. (Monitoring coins - low liquidity coins) will not be traded .
7. (High rewards -low risks - fast trades - lower time frames ) will be traded.
Notes
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1. these rules can be changed due to the market situations and new challenges.
2. You can check the journey tags in the below links....
www.tradingview.com
www.tradingview.com
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Remember always.....
NO FORMO - NO RUSH, It is a long journey.
Thank you for reading,
@Crypto_alphabit
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Icpsignals
#ICP (SPOT) entry range( 6.000- 8.150)T.(51.990) SL(5.811)BINANCE:ICPUSDT
entry range( 6.000- 8.150)
Target1 (16.984) - Target2 (19.900)- Target3 (38.900)- Target4 (51.990)
2 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (5.811)
*Keep in mind that all targets may be need time to be achieved*
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
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ICP- A trading planAs you may be aware, my confidence in ICP remains strong, and I anticipate a price surge towards the resistance zone of 20-22 in the near term. Since there is a daily inquiry about it, I've put together a trading plan that might offer some guidance.
Upon a closer look, it is evident that the current trend is upward. However, up trends (or down trends), are not linear...
Following the high at 16, the coin initiated a correction and has been consolidating its gains. The recent consolidation is forming a symmetrical triangle, which is typically a continuation pattern. Keeping this in mind, let's explore potential scenarios:
If there is a break above the triangle's resistance, we could interpret the correction as concluded and consider entering the market with the previously mentioned target.
Conversely, if the triangle is broken to the downside, we should seek buying opportunities near the robust support level around 10.
Combining the two scenarios:
a. In the event of an upward break that turns out to be false, causing the coin to decline again, we can consider doubling our trade around 10.
b. If there is a downward break, we initiate a buy near 10 and double our position when the price rebounds above 12.
As for the less favorable scenario, if ICP drops below 10, we may incur losses. Therefore, it is crucial to trade with funds that you can afford to lose.
That concludes the current analysis on ICP for now.
I will provide updates if there are significant developments, especially in the case of a breakout.
Best Of luck!
Mihai Iacob
ICP- Next leg up above 20usd mark?As you may have observed, I am optimistic about BINANCE:ICPUSD for numerous fundamental reasons. However, in this post, we will specifically delve into the technical aspects.
As elucidated in my previous analyses, the breakout above the resistance of the falling wedge has the potential to signify a change in trend, and indeed, it has. The recent peak at 16 was succeeded by a correction. The reversal, occurring just above 10 and characterized by a robust bullish engulfing, may indicate the conclusion of this correction.
As of now, the price is trading precisely in the middle of the recent range at 13, and it is likely that a new upward movement will ensue. My target for this upward movement is the 22 resistance level, and considering a stop loss set below 10, a risk-to-reward ratio of more than 1:2 could be attained.
In summary, in my perspective, traders ought to consider buying during market dips.
Best of luck!
Mihai Iacob
ICP- Where to buy/re-buy?In my recent post on COINBASE:ICPUSD , I posited that, subsequent to the breakout above the long-term falling wedge pattern, the price had the potential to experience a significant uptick, possibly resulting in a 100% increase.
True to this projection, the price not only surpassed my initial $10 target but peaked at $12.
Currently, the coin is undergoing a normal correction, presenting traders with a fresh opportunity to enter the market.
My point of interest for this correction lies around $8, with a target set at the recent high of $12.
ICP- Break of resistance and 50% rise afterICP is one of the coins that I watched closely and, as explained in my previous analysis, a break above resistance could lead to up acceleration.
Now, the coin is flirting with resistance and is pressing for a break
As long as the price stays above 4usd the trend is bullish and a genuine break of resistance could lead to a rise of at least 50%.
ICPUSD No overexcitement about rise. Observe this potential top.The Internet Computer Protocol (ICPUSD) broke yesterday above its 1D MA50 (blue trend-line) for the first time since April 08 (completing 3 months below it, the most during this Bear Market). With the 1D RSI just below its 11 month Resistance Zone that has priced all Lower Highs within this Bearish Megaphone pattern that started in September 2021, we should be concerned of this 1 week trend and a potential continuation.
As you see on this chart, every time the price broke above the 1D MA50 since November 2021, it didn't stay there for long and resumed the long-term bearish trend. This time period is depicted by the blue circle. As a result, if the price exceeds this limit and hasn't made a Higher High, best to sell ICP back towards its 4.60 Support. If on the other hand it breaks above the circle, buy the break-out targeting the top (Lower Highs) trend-line of the Megaphone. On the long-term, only a break above the 1D MA200 (orange trend-line), is technically capable of reversing the sentiment to bullish.
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