ICPUSD (2H) - Bearish TradeThis is a bearish trend for ICPUSD on a 2H trend. I've got purchase orders at 87, 64, 54, and an exit price of 105.
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ICPPERP trade ideas
ICP Bull Flag (30m Heiken)Bitcoin and ETH look bearish at the moment, so i'll be watching to see if the lower support line holds in the flag. If it holds i'll be buying. If it fails to hold, I think we see ICP retest $100. In which case i'll likely buy as well. Flag pole target is around $300 if this pattern plays out.
Beware the Dead Cat BounceHi folks!
ICP is an amazing project, so it is definitely worth following in the time to come.
However, it should be very clear to every investor that it is time to sell risky assets when you see even riskier assets starts exploding due to pure manic speculation.
As you all know, this manic speculation is what we have seen in the last months, and I believe we need a serious wipe out of these bullshit assets (as in every bubble) before
taking a big position in great projects such as Internet Computer, Cardano and Polkadot.
To me, this bounce looks very much like a Dead Cat Bounce, and most interesting assets (BTC, ETH, ADA, DOT, ICP, FIL) looks to develop a bearish divergence ATM.
My advise if you play the long game and are not already all in, just wait until you see the wipe out before placing a BIG chunk.
For the recond, I am a strong believer in DeFi - or at least a much more democratic and much less discriminatory financial system - but to get there, the crypto space must be regulated
in a way that protects against scams and high leverage trading for the world to focus on understanding the technology rather than price speculation.
Like in every bubble, there are great assets which will thrive in the future, as market bubbles usually happen due to the excitement surrounding new ideas - but it is never a good time to invest when everything explodes if you are a HODLer.
DYOR.NFA.
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 LONG - BOTTOM REACHEDHey all
I made an original post for people to stay away from ICP and do not get burned. It has hit the bottom at $100 and shown support below it.
This is a strong buy signal. STM is $500.
Thank you
ICPUSDICPUSD
4 hours time frame
i would not recommand buying yet
target for me is 152.62 as you can see
but i will be ready to wuit this if it gose more than that
so this is not an advice to buy
this to show what i think
Regards
Internet Computer - Hype Explosion!!!This was a huge hype explosion that pulled a lot of people in and caused ICP to briefly reach the number 4 spot on Coin Market cap. CRAZY!
Looking at the chart ICP is in a severe down trending channel.
This pans out in one of two ways. Either it breaks the resistance line (Top white line) and starts moving back up.
OR
ICP continues to trend downwards until it reaches a place where the project and price are at equilibrium.
Is it a promising project with a fantastic idea? Yes
Is it still in the very very early stages? Yes
I would probably attribute a 1% possibility that the project achieves its goals of essentially becoming the replacement of the internet.
Very high risk to reward even at these prices.
**This is not investment advice just my own thoughts and opinions**
LONG on $ICPSorry for the previous post. After reviewing the 4 hour chart, I am still LONG and have not moved my position. $300 in the next week. Oversold, lots of fear in the market, best time to buy in. Get ready. Downward Wedge will break hard.
Short on $ICPShort for a bit, seems like the downtrend isn't stopping yet, will re-enter and post when I see my signals go off for re-entry. If I had listened to my artificial intelligence, I would have shorted around $300, but sometimes I beat it, this time I did not. GG.
LONG on $ICPSigns of a bullish reversal here: No signal yet, but we are seeing the start of an uptrend on the 45m chart. Potential long trade, high-risk, trade with caution and tight stop-loss.
ICP is extremely oversold, normally this indicated a strong buying time in past trades for me.
Long on $ICPI'm long here, still too tired and busy to post a detailed analysis but my AI signals are giving me an alert on the short time frame for a trade here. Do your own diligence.
$ICPUSD LONGCoin formed basing pattern after selloff and is attempting to reverse. Buy now and add on retest of trendline.
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.
Internet Computer (ICP) Have we found a Bottom? Can We hold $237I know Internet Computer (ICP) caught many of us off guard before and after the Coinbase release. I woke up this morning and It's already a top 10 cryptocurrency. Classic signs of a pump and dump. It seems like we've may of found bottom at $237 which would put ICP as of right now at an all time low. May not be a bad time to accumulate at these prices.
Like everybody else I'm wondering if we still have more room to drop further down. I'm keeping a very close eye on Internet Computer we may have major upside back up to ICO release prices.
According to Coinbase in a nutshell: "The Internet Computer is the world’s first blockchain computer that scales smart contract computation and data at web speed." This is suppose to facilitate and support the DeFi movement. Keep a close eye on ICP.
1H Meny BUY SignalThe rebound is complete and all we have to do is wait for the trend line to be broken.
The next target is $280.
LONG ICP - Being manipulated by shorters. INTRINSIC VALUE Hey all
Ive been watching this essentially since it came on listing. It has heavy bot trading which are pushing the price lower and shorting it at higher price, this is in combination of those that might be selling worried about a short loss.
These are bots and they want your money! do not sell, its a horrible idea especially as this will increase drastically. This system overtakes any functionality of bitcoin or ether, essentially these technologies will need this in the future to continue to RUN! (mostly bitcoin but many other cryptos will benefit from the safety)
Most importantly, our biggest data concern, Facebook, Twitter. THIS WILL FIX IT, bye bye to the days that our information is stolen and welcome to a new generation of computing.
The coins can be used to gain voting rewards and decisions on the network (hence the power is in your control) - Remember a few hundred million got invested to build this. So its not simply just computer code, it has hardware and that took a significant amount of capital.
Lastly i cant chart very well, but 320-330 is the last pit spot before final take off. So get in or don't, its up to you. I just feel that people have no clue what this means for us. And I wish someone told me when bitcoin was around.
(PS I bought in higher but essentially I'm in the for the long term, rewards is where its at for me). Or i may need to sell them because developers may need my coins in order to generate their cycles for applications. I.e. they need my tokens to run their app haha
It was listed on coin base, binance, Huobi and okex within a day. I feel that's usually a first.
Good luck all!!!!!! :)
To the moon! $ICPI'm tired, but this speaks for itself, enjoy. Been long here for a bit, failed the trend last 2x TA, let us see what happens now.
breakout/down time?triangle pattern and smaller consolidation within that. Either looking for an upside or downside break right now
