ICXBTC
DIGITAL ALPHA UPDATE - ICX $63?!What is up everyone! Hello to you all, thank you for stopping by. We have a nice little piece on ICX here to present. The subject of today's little discussion is "rounding bottom". We believe ICX is in fact in a larger rounding bottom and has a smaller rounding bottom within that is just breaking out! Who doesn't love a breakout!
The large rounding bottom starts at 0.0009 and dips down to 0.000216. If the larger pattern continues up to 0.0009 then we will be watching for a very big breakout. On the average these breakouts generate around 40-45% returns (this type of return would result in a price of 0.0013 - matches up with 1.618 fib), BUT you normally take the starting price (0.0009) and subtract it from the low (0.000216), take the result (0.000684) and add it to the starting price of the formation (0.0009 + 0.000684 = 0.001584). At current BTC prices we are looking at $15/icx...keep in mind BTC/the overall market needs to be in a bull market to get that type of return, meaning BTC would most likely be at a higher price giving ICX potential prices of $15 (btc = $10k), $31 (btc = $20k), $63 (btc = $40k)! Nice.
Keep in mind, I said a smaller formation too. That formation is on the right side and displayed with 2 hour candles. The larger formation on the left is displayed using 1 day candles. Keep in mind both have volume trends (shown on the bottom) that mimic the formation, meaning this trend is checking all the boxes. The smaller trend on the right is showing breakout potential of 0.000635 using the high price, minus the low price, plus the high price formula. The other price point is 0.00069, which is the 45% return...that also happens to match up with the 0.786 fib. We are awaiting confirmation of this breakout at this moment. We are testing the previous resistance as a support and if successful then the smaller rounded bottom is in play! Now go trade!
Keep in mind, for the large cap portfolio we have not touched ICX. We are riding ICX until this formation plays out...we may have known about this formation a little earlier ;)
Thanks for reading!
DA BULL
BTW - for the XLM trade, the trade did not occur. We were not able to capitalize on it. We traded back into BTC/USD when BTC dipped below $8.7k (mid $8k region). We then re-allocated NEO, LTC, and IOTA like we said we would. Update on Large-Cap portfolio to come. Keep an eye on OMG (hint hint)
Long ICX/BTC into April 30thEl famoso "news is coming on april 30th" + bullish chart = pump
Clean breakout, looking to sell the news around 6500 in +/- 72 hours.
Confluence of fib + horizontal resistance + measured move of the cup we have on the 4H.
Mid term I expect nothing less than a new ATH as long as the alt season doesn't end.
[LONG] ICXBTC, 4H ICX TA, strong targets$ICX @helloiconworld will release their mainnet with the following Dapps/features on 30th April
- T-Bears (SCORE dev tool)
- ICONico (ICO Platform)
- ICONex (Mobile)
$ICX is a solid project and hold after 30th April. Roadmap for Q2 is very promising:
- ICX/ETH Dex
- SCORE Lite (Public Channel)
- IISS Launch (ICON Incentive Scoring System)
medium.com
www.ccn.com
ICX Launching Out of a Cup and Handle!ICX is in Wave 3 right now and has also formed what looks like a Cup and Handle formation. With it's ICO -14.29% Platform launching on the 30th I expect great things to come. We made over 10% gains today alone and I see much more to come!
Wave 2 retraced to the 0.786 Fibonacci Retracement Level and completed a round bottom which I am now calling a cup and handle . Wave 3 is targeting the 1.618 Fibonacci Extension followed by a high probability Retracement to between the 0.382 and 0.5 Fibonacci zones for Wave 4 to follow the Rule of alternation in corrective patterns.
This is a great coin with strong fundamentals and the technicals look strong as well.
Target for top of Wave 3 is 0.0006900 BTC
Bottom of Wave 4 between 0.0005400 and 0.0004800 BTC
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!!
$ICX.X Cup & HandleI'm keeping a close eye on ICX. According to EW it should have one more pullback which would make for a nice entry before the next wave up. That's not to say it can't break out now as with this cup and handle it retraced about 1/3. I'm personally waiting to see what it does before entering.
ICON Is Attracting Smart Money With Hyper Connectivity PromiseThe reason smart money is flowing into Icon (ICX) is because of its promise of hyper connectivity. Icon (ICX) aims to connect different blockchains so they can communicate, transfer data and payments among one another. This also makes it a very attractive bet for smart money who can invest big in Icon (ICX) with the confidence that Icon (ICX) will be there to connect any blockchains that exist in the space let’s say 10 years from now without having to worry if a particular coin will exist 10 years from now or not.
Read Full Analysis: cryptodaily.co.uk
ICON: MARKET RECOVERY = 25.85% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 25th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 25.85% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 18: Crush Crypto (a cryptocurrency analysis site) identifies Icon (ICX) as a Crusher of the Month.
April 19: Deblock project announcement where Icon Foundation will work with a marketing company called AD4th (which digital advertising agency. Deblock function as a business incubator, which will assist blockchain projects to launch on the ICON platform by providing funding for the development of their blockchain related applications.
April 23: News articles with speculation that South Korea will remove their initial ban of ICOs.
April 27: News from Bloomberg publicises Pantera Capital Management LP recommendation ($1 billion cryptocurrency hedge fund) that ICON (ICX) is a "screaming buy".
Analysis suggests that increased interest as a result of the Bloomberg article has generated interest and trading volume in ICON (ICX).
icx scenario (first publication trial).This is my first publication, please be gentle. i made this yesterday and it bounced on the long support. Its now in the green pitchfork channel. i see two scenarios. or it stays in the longterm downward channel hitting first resistance and contineuing in the flag. Or it breaks out of that channel confirming uptrend where it will hit next resistance (00048sat).
All feedback or corrections are welcome.
ICX/BTC LONG: That Cup and Handle action tho!!! I am long on ICX anyway, and definitely biased. But this is a great exchange
Noticed this Cup and Handle Pattern
Check out the link above. Also, the second Screenshot is just gonna complete the "cup" of the LARGER Cup and Handle Pattern
**Where we are now:**
(upload://yCRThvU9lI4GjULOXgTCwfMX9sQ.png)
**Zoom out:**
(upload://odl96vKE2lbRLxfYDMhoveNX27q.png)
These are just speculative hopefuls - I am not a Financial Adviser :) enjoy!