Korea
ICX - Whale WatchingSomeone with enormous capital is watching/buying BINANCE:ICXBTC .
After we hit our temporary bottom at 0.0004303, an enormous buy order was executed at the very next confirmation of our higher-low pattern.
We're finally seeing some dip-buying lower wicks to rival the enormous profit-taking upper wicks we've seen lately.
Someone is accumulating ICX, and with good reason. Six Icon initial coin offerings ("ICOs") will launch soon, some as soon as Q2 2018, one of which is with world-leading video game developer Smilegate.
ICX has traded as high as $12, or 0.00093.
icon.foundation
DYOR, TINFA, etc.
www.minervaminingco.com
Bitcoin is not only in coinbase or bittrex, going to the bottom!Using another exchanges, we can see how low volume has in south korea.
It helps that some echanges has increased the volume, but is not enough to jump and change the trend.
Let's wait 2 more weeks! Next month could be to accumulate and flat, and this summer could explode again.
ICX, WAVE 5 - mainnet launch, JAN 24thICX mainnet launch is JAN 24th, followed by their annual convention the weekend after. Speculation that ICX will be added to korean exchanges at end of month.
Currently testing the trending resistance line (the upper red line) that was created from the last leg up. Once we break this we have a very strong indicator for hitting our main TP of .0013 BTC
Fib line correlates perfectly with Elliot waves :
Fib .382 - Wave 1 (.00055 btc)
Fib .236 - Wave 2 (.00035 btc)
Fib .618 - Wave 3 (.00086 btc)
Fib .328 - Wave 4 (.00055 btc)
Fib 1.0 - Wave 5 (.00130 btc)
Target 1 - .00105 (Fib .786)
Target 2 - .0012
Target 3 - .0013 (Fib 1.0)
ICX - KOREAN ETH - 100% potential gains!With their Mainnet launch on the 24th of January, we could see ICX break previous ATH (which will act as a line of temporary resistance). If it breaks here w could see 13000 as the next target. This is a good all-term trade. Also rumours of Korean exchange listing towards the end of this month.
Buy now and in any dips.
Good luck.
BTC "The King" May Correct Following Historical FUD Patterns...While everybody is sure that the bleeding has stopped following the FUD news in the media, I am taking a further look back in history where we have seen these cards play out before. Now, before you consider that I am hoping Bitcoin to fall, I simply am not. Bitcoin has had a MASSIVE bull run over the year, particularly in Dec-17, and there has been many "healthy corrections" that have followed - this isn't something new! Overall, I am very bullish that Bitcoin will reach ATH soon over this year and we have not entered a Bear Market. But, what I am speculating is that BTC has broken out of its uptrend channel and is looking rather fragile. At the same time, altcoin markets have had a lot of coin pumped into it, and there are very few undervalued cryptos out on the market IMO.
So, with the fact that we are beginning to get alot of FUD news thrown the past week, along with today's bleed, I am looking at the 50, 100, and 200 Day Moving Averages to be sure (incase of a bad scenario). At the moment we are sitting on the 50 Day. Should there be more unwarranted news then I believe the 100 Day will be our most likely case, following a very quick bounce up. In a very unlikely case, the 200 Day perfectly aligns with the last dips we have had with the recent two cycles (shown in the blue trendline). Ultimately, I would see that it depends now whether we close the Day above or below the 50 Day.
What are your thoughts? Are you bullish Bitcoin and Altcoins will continue to break new highs? Is there any FUD news you think could swing the price of Bitcoin? Are there more precise indicators that show bullish signals? Let me know in the comments below.
PLEASE NOTE: Consider all trades with caution and only invest what you can afford to lose as cryptocurrency is highly unpredictable. Take profits and Invest in yourself. You can afford it, trust me. This is not Investment advice!
SOURCE:
www.reuters.com
www.reuters.com
www.reuters.com
www.reuters.com
Namaste!
ICX - A Strong, New Mover in the Crypto SpaceI've been following BINANCE:ICXBTC since their ICO (icon.foundation). It's a truly remarkable project, with futures being traded on HitBTC for over a month now. The price as been as high as $8.00 on that platform, and has "leveled-out" with the launch of proper ICX trading on Binance (www.binance.com if you haven't signed up yet).
We have a very strong uptrend on the 4 Hour, which looks poised to see some bullish MACD action soon. If not, I'm looking to reload in both of the green highlighted zones.
A bullish breakout of our current Fib extension would target a whopping 0.0013.
Remember when NEO was Anrtshares and it was only $5.00? NEO is my fractal model for ICX.
TNFA, DYOR, etc.
Bespoke cryptocurrency & blockchain consultation:
www.MinervaMiningCo.com
USDJPY Structure tradeTrying out some basic pivot structure on USDJPY.
Of course I'd like bullish momentum to continue since being long since 108, but this last high wick test of 111 seems to be a rejection.
we shall see how this plays out soon.
** North Korea is back to threating people again also so investors may pull out of USD and run to YEN for safety
Start of an uptrend GBPUSDAfter a large bear trend from July 2014, with 4 impulse waves, there was consolidation between 1.277-1.2 . This was the longest correction wave. The breakout from the trend line on 17/4/2017 and the triple bottom is textbook reversal signs. GBPUSD has now shown higher highs and higher lows twice, so I would get long for another wave up. Using cyclic lines, it shows that the beginning of 2019 is an area potentially for another reversal, which ties in with Brexit. Fundamentally, with the on goings of Trump and North Korea's missiles USD seems unstable, making it unattractive for investors at the moment.
Weaker USD means buying pressure on the other currenciesThe recent North Korean fiasco has pushed the USD down from the cliff and other related pairs have started gaining buying momentum. NZD has recently respected the daily support level and shoot up after today's North Korean drama. The price on NZDUSD is likely to retest the daily resistance level and have potential to have further upside move. I'm waiting for a discount on price to go long on the pair.
American Dreamers or the Intelligent Japanese? USDJPY has been an interesting pair to watch this year and here is another opportunity to take advantage of the volatility of this pair.
I will just be going into the technicals for this trade. If you want fundamental information visit www.investing.com they have great fundamentals with great breakdowns.
TECHNICALS
- The Market on Friday's close was on the level i identified as weekly support (109.300) looking at chart patterns from two months ago, we noticed that this level is extremely difficult to break and close below thus making it a level prone to reversals, and so far this has occurred.
-Daily Resistance (111.011) is our first target as this is the first level the market will face which could prove to be a little bit of a challenge as the market proceeds with its bull movement, so i would suggest profits are secured here.
-Resistance Region (111.774) is labelled this as the market can find itself caught in a brief consolidation between Daily Resistance and this level, we may encounter a retrace here as history has proven, although this shouldn't cause a big scare, keep your positions open but make sure profits have been locked before the market enters here.
-And our last target is Secondary Resistance (112.391) it should take near 2 weeks to play out so, patience will be key and your mental stability will be tested, in the past again the market does enjoy stalling here, once where are this high up we want to secured our profits and run.
Greed, Overconfidence and lack of patience will be tested in this trade, you will need to overcome greed when you notice that you are in a large profit, do not add more positions that you can not afford to lose, Overconfidence with this trade will make you want to enter positions with other currency pairs without doing the correct analysis, thus will cause you to make silly errors. And finally this trade will take time to play out properly, you will feel as if the market is going no where, that happens, the market is not always going to move, they may be long periods on consolidation but once it is broken strong movements will occur and you will wish you had stayed in the trade.
My home currency!Hey traders
Its been a volatile past few days with Trump and North Korea talking trash with each other sending global exchanges into the red, and breaking the DOW's 9 day streak!
But aside from that we can still find setups in the currency markets, NZD has been in a strong uptrend since late 2015, so even with a slight drop at the start of this month, price has hit a major structure level dating back to sept 2016 and feb 2017. To add to this we've had a major rally to the upside this morning with the RBNZ keeping interest rates at 1.75% as expected. This rally has bounced off previous structure, i would not enter trade yet as I would like to see a confirmation that the trend has continued its upward movement with a new higher high and higher low.
Thanks
Plan your trade, trade your plan.
Dash-ing through the showALL EYES ON POSSIBLE SHTF SCENARIO *IF* NORTH KOREA TESTS NUKE SAT APRIL 15
Global Stock markets might crash 3-10% Monday 4/17 *But money could flow in to Bitcoin, which would mean Alts would dump. GLUED to screen, news. Whew.
More like dashing through the shit show. I hate war.
Peace to all.
My very first TA ETH/USDSo guys i put a lot of effort in making this TA.
As you may see, our moon guy is not saved properly. His climb to the moon might end with death.
Note: Thats actually high end art? Isn`t it?
Also Note: This is not a TA. I have no clue how to make a serious TA. I still hope you had fun.
BUY Samsung at market (866.50)Today South Korea's Constitutional Court removed President Park Geun-hye from office over a graft scandal involving the country's conglomerates. Park becomes South Korea's first democratically elected leader to be forced from office, capping months of paralysis and turmoil over a corruption scandal that also landed the head of the Samsung conglomerate in jail. (Reuturs source)
So why buy Samsung?
"The prospect of a new president in the first half of this year instead of prolonged uncertainty will buoy domestic demand as well as the markets" said Trinh Nguyen, senior economist at Natixis in Hong Kong.
"The hope is that this will allow the country to have a new leader that can address long-standing challenges such as labor market reforms and escalated geopolitical tensions," he said.
So a new brush for South Korea to sweep away uncertainty and corruption. This can only help the markets and South Korea's biggest company - we recommend BUYING Samsung.