DIGITAL ALPHA UPDATE - ICX SpikesThere is not much to say here other than what the graph depicts. Also note the ICX/KRW pairing is paying a 30% premium right now.
ICXKRW trade ideas
ICX is ready for the big jump!Hi Tradingview!
I decided to post my ideas. I'm doing it just for myself, but if you'll find them interesting, Welcome!
Back to the BITHUMB:ICXKRW , as you know BITHUMB:ICXKRW second highest volume market for ICX. That's why we're looking at BITHUMB:ICXKRW , not at BINANCE:ICXBTC . We have broke support zone at 3850-4000KRW and went down through 0.5 Fibonacci, it might be false breakdown, but we should be careful about it. May be someone wants to buy the dip before another good news.
Also it looks like 15 EMA is going to cross 30 EMA, it's a bad sign.
Anyway don't do dumb moves. Wait before the trend is confirmed. If you like taking the risk, you can try to set buy orders around 3291KRW which is also 0.618 Fibonacci. But I'm waiting for the bounce.
Good trades to all of you!
DIGITAL ALPHA UPDATE - What the ICX happened yesterday?!?What is up everyone, hope you are having an awesome day.
This post is a follow up on the epic ICX (non) breakout yesterday. We were watching ICX very closely yesterday and never saw the ABCDE/triangle breakout we were expecting. BTC/USD saw some profit taking and was overbought (Stoch RSI indicator with the purple line on the bottom the screen), the dip resulted in a quick exit out of many alts yesterday. That is the market. When BTC dips, alts dip faster. When BTC pumps, alts stay stagnant. When BTC goes sideways, alts have fun. When BTC goes north of $12.5k, alts party (see medium article for details).
We are also following up on that article yesterday because ICX/BTC is only 50-75% the market (big range because varies day to day). ICX/KRW makes up the rest with 25-50% of the volume. Almost all of that volume is on Bithumb. WOW. That must mean ICX is making up a ton of volume on Bithumb itself...wait, what!?! 1%? 1%!!! WHAT!
Yes, ICX only makes up 1% of the daily volume on Bithumb. About $7M USD. The top 3 currencies for Bithumb are EOS, XRP, BTC and all are around $100-300M in volume. Theoretically, if ICX jumped up over $100M in daily volume, we will see life pumped back into ICON. To give you an idea, ICX is about $35M of daily volume, right now. Go ahead and add a 0 to that figure and see what happens.
This is a sleeping giant. Forget about finding the perfect entry in terms of cents. This is a hold in our Large-Cap portfolio. If you bought yesterday before the drop, you are good to go. If you have not, this chart is showing a nice entry point.
Green circles are showing a breaching of the bollinger bands. The price rose afterwards each time for the past two weeks. RSI indicator on the bottom looks good, bollinger band is breached, and fundamentals are there for ICX. This is a long-term hold for our portfolio.
Comment if you have any questions, good luck out there!
- DA Bull
ICX/KRW fib extICX/KRW fibbonacci extension idea
safe entry and target should this keep moving upward.
watch btc
DIGITAL ALPHA Update ICX - Bithumb has openedWhat a great day! BTC has entered wave 3 of its primary trend with an upside target of $10.1k AND ICX has hit Bithumb! What news. I will update this as time progresses. For those that see this as very promising, look at all the coins listed in early/mid December on Bithumb and see what happened to every single one them. Yes, it was a the bull markets of bull markets, but is helpful nonetheless. The one to take note on from was XRP. XRP went 10x upon listing.
As far as some analysis goes, Wave 2 is ending for ICX here. Wave 3 is beginning. Not much to chart yet as only a select group has access to ICX in korea. The rest will be able to trade Sunday and Monday.
- DA Bull
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As always - DYOR
Digital Alpha is not a licensed financial planner, financial advisor, stock broker, investment broker, or investment advisor. Before making any trades, check with a financial planner, investment advisor, tax advisor, or anyone else that controls your finances to make sure trading is right for you. The information provided here should not be construed as individual investment advice. All information presented on this site is the opinion of the author only and is not a solicitation to buy, sell, or hold any investment or security of any kind.
