mere speculation of the coming weeks.Hey again, THIS IS TOTALLY just speculation. I'm deciding to trade a bit more on the bearish side. I can't wait for BTC to pick up the pace, but I'm going off of the fib lines and I'm not yet confident it's ready for a bull market. I do sense a generous pull back down into sub 30k levels and as such the alt coins will be affected by this, one of my favorite coins (ICP) that has been trading pretty closely with BTC (though a bit undervalued relative to it, just in my opinion :P ) will likewise decline. of course if the wedge(pennant?) breaks upwards and a trend begins I will trade bullish on ICP and this chart will mean essentially nothing, so do NOT place faith or anything, this literally was thrown together by me ( a rookie) in a matter of 15 minutes. I'm just saving it here more for my own reference :) we'll see what happens! If anyone has any ideas or inputs, let me know! Be safe out there guys, and DON'T OVERLEVERAGE, that's exactly what they want you to do, and why bear markets become so strong. margin calls create a domino effect of more margin calls and the short positions increase and it just continues. Don't become a statistic.
ICPUSD
ICP / USDTWhat is the Internet Computer (ICP)?
The Internet Computer is the world’s first blockchain that runs at web speed with unbounded capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum — a blockchain computer that scales smart contract computation and data, runs them at web speed, processes and stores data efficiently, and provides powerful software frameworks to developers. By making this possible, the Internet Computer enables the complete reimagination of software — providing a revolutionary new way to build tokenized internet services, pan-industry platforms, decentralized financial systems, and even traditional enterprise systems and websites. The project was founded in October 2016 by Dominic Williams, and attracted notable interest from the crypto community. DFINITY raised a total of $121 million from contributors such as Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, and Multicoin Capital, and several notable early Ethereum supporters. In 2018, over 50,000 registerter participants received ICP utility tokens in an airdrop. On December 18, 2020, DFINITY launched the alpha mainnet of the Internet Computer. In a final step towards decentralization, on May 10, 2021, DFINITY launched the Internet Computer into the public domain. This major milestone means that the internet now functions as a decentralized global computer — marked by the release of all of the Internet Computer’s source code into the public domain, as well as ICP utility token allowing tens of thousands of community members to govern the Internet Computer network.
Double, Triple, Quadruple Bottom? We just have to try this! ICP has made one of the weirdest patterns ever. The Bollinger bands have tightened almost beyond recognition, and we are about to make a quadruple bottom at the 2.6 stdv band.
Given the extreme narrowing and being at the bottom of a defined range, it's worth putting in a long order with limited risk and possibly insane upside if this tightening of the bands resolves upwards.
ICPUSD Strong Buy from Current Levels ICPUSD failed to break its previous low despite strong selloff on the market in the previous two sessions and any corrective bounce if seen on BTC from current levels, ICP is going to break over its recent high and target 230/335 in the short term. I would advise a long trade with stops placed just under the recent low.
ICP : Ground breaking!Friends!
I am so excited about this project. Speaking as a software engineer myself, ICP is the end game of blockchain technology. Being able to build and publish applications to a "cloud" that is not owned or regulated by any one entity is the ultimate service.
right now almost all software services are hosted on cloud services owned by one of several major hosting services. Amazon web services, Pivotal Cloud Foundry, RedHat, Google Cloud are some of your major players. These cloud service providers have full control over the customers account and supreme authority over who can and who can not use their service.
one recent incident is with the social media app PARLER. Parler was started with the goal of providing unregulated and free social expression via their phone app. Due to "poor timing" and negative media, Parler found itself outcast by big tech. The reasoning behind this is debatable but nonetheless, Parler was offline almost overnight. Many jobs were lost and a tech company was destroyed.
ICP isn't just a good idea, or even great idea... its a much needed idea.
This is my project.. I'm behind ICP all the way. I hope to see great achievements from Dfinity.
ICP STAY AWAY , DO NOT GET BURNED LIKE ME HEY ALL
I recently posted and went long on this, but after watching the trading for several days.
I should have done my due diligence further, and although I feel there is a long term value. From my expertise in financial planning, I can clearly see this has ben pumped.
Two of my close friends have advised me to stay away as well and it makes sense. How can a coin come into the market with a valuation so high - this entrance has been well orchestrated and tokens are being dumped by owners and investors. Look at the volume and action, bots are at play.
PLEASE BE CAREFUL DO GET BURNED LIKE ME. This will most likely settle around less than the $100 mark from where it will gain traction.
THIS IS NOT FINANICAL ADVICE BUT JUST A WARNING.
LONG on $ICPSorry the chart is a bit messy. - Not a lot of data here so far.
AI Signals on the short term buy for a 15m timeframe shows long: We still have gaps to fill on the VPVR to reach a unimodal distribution, currently showing a bimodal distribution and those gaps need to be filled.
One second derivative is hit on the VWAP we will go flying sky-high.
The
@dfinity
Foundation currently has nearly 100,000 academic citations and 200 patents.
+ Dfinity is one of crypto’s most well-funded and publicized projects
+ Mainnet launched May 7, token is slated to launch May 10
+ It has raised the most non-frozen funds at $160m to date
- Via Messari
Get your astronaut suits on and get ready for a big launch while this thing flips Ethereum .
Waiting for re-test in $264, possible buy opportunity.ICP is falling again to the support area at $264. Good Volume is important to decide if we are going to enter a buy position. The problem right now with ICP is that many investors don't understand this new blockchain technology, even me. For many of us what we don't understand is a red flag but who understands ethereum in 2014 or bitcoin? Maybe this is the next blockchain era or maybe not.
ICP is already in the top 9 crypto market cap. But, with the low volume is having in the past day I don't see a huge increase in price in the short term. Stay tuned to see how ICP behavior is when reaching the support zone.