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ICXBTC

ICON COULD 300-500% PROFIT POTENTIAL#ICX/BTC ( Binance ) Buy Range : 0.0001000-1050 SL : Not Recommend Target 1 : 2550 Target 2 : 3840 Target 3 : 4850 WEEKLY CHART - failed to support on 0.236fib - Tif weekly candle closes on green that would be a good point for a bottoming - CCI is going up after big bloodbath. DAILY CHART - RSI downtrend has been broken. Positive - MACD crossed and going up - CCI turned into green after 4 red months - Moving averages still above of candles yet 4H CHART - CCI showing good and longer positive action - Ichimoku cloud broken and stay below candles - Candles supported by EMA20/50 - Important MA200 remains above candles for now CONCLUSION ICX has been performing very good on the last days. Price is really pretty low and if altcoins can survive on cryptocurrency , this seems a VERY good spot to buy. Small timeframes has been looking good on ICX but still need some bullish confirmation to be sure if that's the right time to start. However, Market could need some weeks more to start move faster, be patient!. Good luck , Mike
Long
by MikeCryptoSignals
4
ICON! Long term planHello Traders, Hope you all enjoyed my 15% scalp ideas! That was just a quick cash, and I will probably be posting more of those in next few weeks. Looking at the long term, things are looking somewhat bright for Icon. If you have been trading Icon for more than 8 months, you probably noticed that MA 100 has been acting as the resistance for more than a month now, and we recently had rejection again. However, things look a little bit different this time. You see, every time Icon was rejected by MA 100, it was unable to find support at MA 26 and MA 50. This time, however, Icon successfully found support around MA 26 and MA 200 level. To me, this is a very bullish sign and we will potentially see trend reversal very soon in long term. Here is what I am looking at for bullish signals: 1) Go above MA 100: 1100 Satoshi is becoming a key level for both bulls and bears. I am 70% confident that bulls will try to test this level again and see how bears will react to it. Unfortunately, I think it will get rejected again and find support at MA 26 to build up more momentum. In next 48 hours, Icon needs to prove to me that 1000 Satoshi is a major support, or else I need to adjust my bullish view. 2) Volume: I know a lot of people do not look at volume when you trade, but let me tell you this tells you a lot of stories. You see, when Icon tested MA 50 and MA 100, we saw a spike in volume, which indicate that people are starting to get back to this community. After the MA 100 rejection, we are starting to see decline in volume. This usually indicate that people have entered long position, and they are not interested in selling. (unless you are swing trader like me) What I want to see now is further increase in volume (something like the volume on August 6th), in order to confirm the trend reversal. If Icon manages to go above MA 100, I am looking to sell at MA 200, which is around 1300-1400 Satoshi (30% profit). Happy trading!
by x45lu
3
Educational: How you can swing in bear marketHello Traders, If you follow my Bitcoin analysis, you probably know that I gave early warning about potential Bitcoin dip this morning. $6500 is definitely a becoming a major resistance and Bitcoin needs to go above this level in order to have trend reversal. However, this does not mean that you can't make money. Bearish breakout is as volatile as bull market, and we can take advantage of this volatility as out advantage. So how do we trade in bear breakout (this needs some practice so please do at your own risk). I will be predicting how ICON moves in this scenario. (this is purely a prediction and many things can wrong so please make sure you set very tight stop losses/limits) Step 1) When you see abnormally high selling volume --> Sell your share Step 2) Buy back at minor support --> 965 Satoshi Step 3) Sell at 38.2% fibonacci level --> 980 Satoshi Step 4) Buy back at same level as step 2 (or a little bit below) --> 965 Satoshi (this is because we need to see trend reversal by having RSI bullish divergence) Step 5) Sell again at 980 Satoshi --> Because this is the minor resistance, bears will most likely defend this point Step 6) Buy back between 965 Satoshi (I usually go a little bit higher for safety purposes) Step 7) End the trade --> this should lead to short term inverse head and shoulder pattern This way, not only you dont lose money in bear breakout, but you can earn profit in this situation. However, there is always an exception and I would highly recommend you to just practice first instead of using real money. Here is one good example: Step 1: Huge selling volume --> Sell Step 2: Buy back at 970 Satoshi Step 3: sell at 38.2% Fib level --> 1005 Step 4: Buy same or a little bit lower than 970 Step 5: Sell at 1005 Step 6: Buy back at 970 Happy trading!
Education
by x45lu
Is icx out of the woods yet?Icx is one of the most legit projects out there in the top 50. It is definitely a good long term hold. However, we can not let our emotions get in the way of trading and making money. For short to mid term, we have been free falling since we broke the last support at 2137 SAT. Bull has been getting rejected from the 12 ema . We need to break the 12 ema and the downtrend line 2 to confirm a trend reversal. Heavy resistance at the blue box. If icx breaks out from the Line 1, we will retest Line 2. Bear is still in control. Good luck trading everyone!
Short
by UnknownUnicorn1412381
[ICON] - We're close to the bottomI was meant to make that boring period of 4 months to 2 years. Excuse me, anyways: There has been some pretty insane predictions, i've been calling the bear it since $1,50 that we're going to hit these kind of lows. When it comes to the bottom, i have no idea. I thought the Hodlers would keep the price up somewhat to $0.60 but they clearly panic sold and now the whales will have a really cheap buy-in. I don't think we'll ever hit lower than $0,30 though but $0,45 which is almost where we are now (and that personally have a predicted) is a pretty good buy in if you ask me. I would suggest waiting for sideways movement before going in. Historically if you look for instance at BTC we had an exponential growth of 10x in 2013 from $100 to $1000. After that ended we went down to $200 in a 2 year period almost all the way BUT we found new support instead of going back to $100 and in only 4 months of sideways movement we found the bull market again and within that time we have slow groth for 2 years until we hit $20k. I believe we'll hit the same pattern and depending on news; for instance if we'll have a BTC -4.56% ETF in 2019 I can see that we're going to grow to $60k easily. Where did I get that number? (Current price * 10x). We're again going to hit that pattern and likely 10x again like we always do. I know this was a little BTC fundementals but sadly ALT's are still tied to Bitcoin so we have to let Daddy go first. But like i said wait for that neutral period, until that the Hodlers are the only thing that will keep ICX from going below it's i.c.o price.
by AdamPalmkvist
17
Has ICX (ICON) Bottomed Out?Hello guys, It's been a long time since I've made an idea on ICON (ICXBTC). ICX has decreased in value severely in these past months. It seems to me that ICX has bottomed out. Firstly, the extreme selling frenzy seems to have died down, as can see in the reduced selling volume. Also, a potential rounded bottom and a double/triple bottom seem to be forming. Anyways, we'll see how this goes! Remember, Patience is paramount! Good luck!
Long
by PatienceIsParamount
4
ICON - HEADING TOWARDS DEATH! WHEN WILL THE MASSACRE END? ICX has been in the continuous long term downtrend since April end and the price has depreciated by 78%. It has been moving inside the falling wedge with a good slant slope which means a great selling pressure. The price has been continuously getting rejected from the basis line of the Bollinger bands.(See the circles marked with Pink colour) Now the price is at the lower boundary of the wedge from where it should try to move towards the basis line of the Bollinger bands or atleast till the upper boundary of the wedge. The last zone of support has been marked. If it falls below it, then i'll consider this coin as dead. Alternatively, there is a lot of upside potential left to be explored. A zoomed out view: This can be a good trade if the positions are opened after some signs of reversal and not to early. There is a lot less downside left for stop loss with a huge amount of upside potential. Tight stops can be used for this trade. I'll keep updating this, as and when required. P.S: This is not an investment advice. This is my personal journal. Invest your capital at your own risk. Keep an eye out. Trade safely. Always remember, money not lost is also a profit. Good luck trading.! Peace.
by johntradingwick
7
Alt coin season is here! Hello Traders, After the Bitcoin crash since yesterday, I strongly believe that alt coin is coming now! Majority of alt coins are oversold and Bitcoin is also oversold. When both alt coin and bitcoin are oversold, that means alt coin is extremely cheap and it is a great time to BUY! So here are the list of alt coin that I like based on the technical analysis: TRON: Tron is holding very well at key support (380 Satoshi). There is a potential double bottom formation, and we can expect 40% profit in next few months! Cardano: Went slightly below the key resistance, but I see a great potential in the last quarter of this year. The good entry is when cardano goes above 1900 Satoshi. EOS: This will be a short-term trade. I see potential elliot wave here and there will be corrective wave 4 coming. Quick 30-40% profit in next 40 days. ICON: Icon is a great project and it has been in oversold region for a month now. There will be huge resistance at 2300 Satoshi, but we can expect 80-90% profit here. OMG: Same as Icon. Potential 56% profit. Target 1155 Satoshi. NEO: Neo is currently at key support level. Potential 68% profit here. However, my bullish will be invalidated if it goes below 35000 Satoshi. Wabi: Such a great project. China definitely needs project like Wabi in order to combat the counterfeit problem. Potential 500% profit long term. Storj: long term trade. Potential 100% profit here. Unique cloud storage project. The list goes on and on, but essentially what I want to say here is that it's time to buy alt coins!! Happy trading!
by x45lu
4
ICXBTC: Time is Now, Do Not Allow FUD To Play With Your Mind Hi All, Transformational news for mass adoption without the need for ETF: Bakkt; Assets Backed Platform, similar to (XAUUSD) ETF. This week, Crypto Sphere received very bullish News from Intercontinental Exchange (ICE), which is planning to launch their own (BTC) trading platform. And yet the market continues to Bleed slowly, which I cannot comprehend. I would very much like to Invite all investors and traders to look at Crypto potential landscape from a macro perspective. ICE Plan to create (Bitcoin) infrastructure as crypto transfer service, which could be utilize by Investors, Merchants and Consumers. They believe the services could inherently bring mass adoption, due to marketing for the Bakkt platform. ICE also partnered with (Microsoft) and (Starbucks). The Bakkt platform will be a regulated custodian service. They will be offering there services to Investors, Merchants, and Consumers as Custodian for payment Finality similar to credit card payment solutions i.e., (VISA INC) (V) and (MASTERCARD INC) (MA) and also One day physical delivered (Bitcoin) Future contract, which is bullish. I would like you also take into account The very nature of having ICE into the Crypto sphere, would bring in Compliance and robustness to the ecosystem. Mainly because the Average investor Prefers to use establishment which they're familiar with such as New York Stock Exchange, (NYSE), which is highly credible in the eyes of regulators and investors. There are currently more custody solutions that have been created. New exchanges utilizing different type of implementation. The name (Bitcoin) being Synonymous to the masses as digital (Gold) or a store of value. Pre-existing businesses are now looking into the block-chain to retain their customers and or users. These are the current companies looking into deploying block-chain solutions via (Ethereum) block-chain; Amazon, (Amz), (Facebook), ALIBABA GROUP HOLDINGS LTD (BABA). As of writing, there are 3000 lightning network nodes, And I'm fully aware lightning network could in a sense centralize (BTC) to only Affluent individuals and Banks, which I do not care for. Stated all that to say, the current infrastructure is being develop and deployed. I would suggest individuals not be so focused On the short term price action for (BTC). Because once (BTC) Infrastructure has mature then, there will be mass adoption. Just because the price went down does not mean that underlying instrument, Behind (BTC) technology ceased to exist. I also understand we have to go through the regulatory framework In order for us to get More institutional investors and the masses Into our crypto sphere. So I say be patient my friends. Remember, in order for any commodity to have intrinsic value, Institutions and the masses would first want to see the overall value it could potentially bring into their Portfolio and life. The so call, what is in it for me approach. To conclude, My initial stands for what Bakkt is actually doing is quite brilliant. They Essentially are creating a Fiat gateway for Investors, Merchants, and Consumers. This will permit institutions to buy and sell physical (Bitcoin). Bakkt is essentially becoming the middleman. Hence, Bakkt is becoming settlement layer for payment provider similar to; (VISA INC) (V) and (MASTERCARD INC) (MA). Bakkt is effectively removing the volatility which we Experience for merchants by settling payment off-chain after each purchase. Having an established player such as (NYSE) in the ecosystem Supporting crypto brings in credibility to the space. Bakkt could essentially bring in new businesses that would have elected not to participate in the crypto sphere due to the volatile nature i.e., (Starbucks), but would like more Consumer base and Increase revenue. Always take into account Transactions bring value Not speculation. Reason why the true value of any token or coin is mainly predicated on the Masses Utilizing the network, which in a sense could create a network effect i.e., (Facebook). Be sure to Follow me and like this post if it was helpful, and thank you all. Like the Phoenix we will rise from the ashes Happy trading People...
Education
by letsgetit