Get started
Internet ComputerInternet ComputerInternet Computer
#29#29#29

Internet Computer

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

ICPUSD trade ideas

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.
COINBASE:ICPUSD
by JoelCupeles
3
ICP: WHAT A MESS!So while browsing on coin marketcap today I suddenly saw this unknown token pop up in the top 10(!), I was immediately unpleasantly surprised. If a token has just (!) launched and is right away in the top 10, something is wrong! And what you know... there was/is... I will not make this some long fundamental or technical analysis on why you should or shouldn't buy this token but I will try to create a short summary on my opinion; and that is: you should definitely NOT buy this token. (at least not now) So fun thing; I check the website and its from the DFINITY foundation! I actually met one of the founders (or team members) of this coin / protocol back in 2017 and back then this was a very promising project. (I have even have t shirt laying around somewhere as I liked the logo) So in short; decentralized web is super super super important for the well being of democracy, freedom and user rights online. Without it, we are doomed to be controlled by big tech. So in that sense; these type of projects are hugely important and carry a lot of fundamental value. However; this is (i have hard time not swear!) messiest, sh*tiest and biggest scam launch I've seen any token do on any exchange. First off; nobody got any notice this token was coming as it wasn't reported by any major crypto media or social channel. (suspicion nr 1) Secondly; these guys want to build decentralized web but they aren't decentralized at all (!) as they have big investors that hold HUGE bags since their 2017 ICO and their token distribution is them, their investors, their foundation and a tiny bag into the market. (Why do you think the price spiked to almost 4k!?) (suspicion 2) Thirdly, they launch their token in the midst of a bull run and they lack adoption and have a tiny ecosystem - if they have any at all. (suspicion 3) And last; their website looks sooo like a 2017 project, shilling all the media they've been in and basically just one big show of how great they are but ZERO TRANSPARENCY - I still couldn't find a decent whitepaper, roadmap, token economics or vesting scheme! (suspicion 4) So, to me this means one thing and one thing only; this project is dead but they have a lot of big investors that paid 4,50 CHF per coin in 2017 that want to have a return on investment. So what do you do? You pay the big exchanges to list it in the midst of a bull market and you dump your coins on unknowing people who buy a scam as that wick is not a top, its a straight scam - anyone who disagrees that is not a scam wick does not understand this market. So what happened? The investors have now bagged their investment 100 to 900x and probably the big shilling of youtubers will start now that will tell you how great this project is... Well, I just give my opinion and my insight here as I do really care for my followers and I do not want to see you guys get rekt! Here is MY opinion; this project is dead because of this scam launch, not truly decentralized and zero adoption for a product that cant be explained within a few sentences. Old and complicated blockchain tech, next! If you want to buy decentralized web, you go with DOT and KSM - check their web 3.0 foundation; thats where its at, not with these scammers. An yes, you could say but its the hype, the exchange, the bots etc etc. It doesn't matter; if you launch your token, you make sure you do it well. Why? Because if you can't even manage a token launch, how tf are you going to manage hugely complex token economics inside a hugely complex decentralized web solution? Yes, clearly not. I hope the exchanges will do something about this launch and help those poor people who have bought there because this is not how a market should be run and any exchange who says "it happens, your own fault" should hire new market makers and you should delete your account. Besides, stop all this shit coin FOMO; to all these amateur crypto people who FOMO into these coins; believe me, you will not sell the top and besides who wants a shit coin if you can buy ETH that is about to 2x in the coming months? Use. Your. Brain. IMPORTANT: This is not financial advice and this analysis ONLY reflects MY opinion, if you are looking for 100% facts; contact DFINITY for accurate information as I can not find structured and imporant information myself. Secondly; always trade based on your OWN risk and research.
COINBASE:ICPUSDShort
by cryptobullethbtcxlm
57
LONG on $ICPChart Pattern: Pennant formation here. Not a lot of chart data but almost a perfect pennant currently. Possible breakout? Technical Indicators: Clouds: Trading inside the cloud, could mean still bearish but the formation seems extremely bullish above. Williams: Fractal popped up but then failed, indicating we could be going bearish , but I'm waiting to see if another set of fractals potential appear as we have had major positive price action so far, with just a small lull of a 'correction' here. Fundamental Analysis: Internet Computer is a new blockchain technology with fundamental breakthroughs such as orthogonal State, elimination of databases, elimination of need for VPNs, Firewalls, or cloud computing instances, as well as the ability to create hyper-speed blockchain based applications. They have also developed a new static-typed/strong programming language called Motoko to develop these applications, but you can also use anything that can be compiled down to web assembly. The blockchain also offers a universal identity system, the ability to deploy canisters by paying for 'cycles' via their Network Nervous system, as well as an advanced tokenomics system. The project has been in the works for 5 years and solves many of the issues Ethereum currently has at the moment as well as being available to use now. I believe this will be the blockchain of choice for many developers and allow for a new set of applications that were never before possible on the EVM ( Ethereum Virtual Machine).
COINBASE:ICPUSDLong
by Numetric
ICP: Newly marketed coin; Cup and Handle pattern + Bullish flag#1 first ICP analysis. I don't think ICP has peaked in interest in the mind of the people, in the following hours I predict an inflow of money into DFinity's coin, which just newly had an entrance on the coinmarketcap list, with a whopping 54bil$ market cap, cementing it's role as a future top tier Crypto. With its new revolutionizing technology - I foresee a definite spike in price over the coming weeks, when people finally open their eyes. Bullish flag on the 15min. and possible cup and handle pattern. I believe this is the dip on the 15min we've been waiting for... if you're shorting ICP. Bought this dip, doesn't mean you should; I bought at 375,2$. Long: TP1: 485 Remember to set a stop loss :), highly volatile coin.
COINBASE:ICPUSDLong
by MarkAndersen
5
What is ICP? Maybe the most revolutionary project since EthereumI know, many of us don't understand well what is Dfinity Internet Computer (ICP). From what I read is a revolutionary public network that provides a limitless environment for smart contracts that run at web speed, serve web, scale, and reduce compute costs by a million times or more. Build everything from DeFi, to mass market tokenized social media services that run on-chain, or extend Ethereum dapps. Yep that was copy-paste because I don't know how to explain that shit better, but almost every post I read lead to one thing: A new blockchain era. Like Ethereum in 2015. I invested in ICP with a long-term vision. The price projections that I saw talk about 2k-5k in a 1-3 year run but who knows the real potential that ICP will bring. Enjoy the ride
COINBASE:ICPUSDLong
by JoelCupeles
5