ICONLong
ICX/USD 10.19.18 Big Picture So Far
Looking at ICON/USD on the weekly as calulated by Binance and thinking about swimmin pools.
The chart begins in mid December of 2017. Some people say that was a good time for crypto.
Right off the bat we see a heavy divergence in price movement versus volume with price hitting ATH in early January around 13 American dingos. Next week price fluctuates wildly with decreased volume. The lower wick later becomes very significant resistance.
We get corresponding price to volume movement until June where we see the volume relatively increase as the price decreases hitting ATL at $0.45 in September and the price has more or less kind of in relation to the larger picture maybe flatlined since as volume decreased. (not really as we've seen a 76% bounce on the weekly since hitting the recent bottom but relatively speaking...)
Looking at the fibonacci levels we can see further future levels of resistance that could be significant on the way back up. Levels line up almost like robots are trading algorithms or something. But anyways.
Spoiler alert: I think ICX is going back up and will reach new ATH's eventually. Probably not today or tomorrow or next year and for the rest of your life...
wait.
I think I fucked that up.
But anyways once again.
From here to the floor that's been set so far is -36%. Just cause it was the floor before doesn't mean it's gonna be the floor again if you know what I mean though. ICX started at $0.99 here and has hit $0.45. That's significant downside. Don't be caught catching falling knives or chasing waterfalls. Instead Shoop. Shoop A Doop.
Cause year there's upside too. That December bull run was over 1200% in 21 days. Twelve hundred percent in three weeks.
From where we currently sit, pricewise, to the ATH is about 1800ish%. It's almost certainly not going to happen in one bull run like it did ten months ago. It's almost definitely going to take longer than twenty one days. But another parabolic bull run is likely eventually going to happen (imo) in the crypto markets and I think ICON is poised to be one of the alts that runs up there with the big boys.
The next REALLY big bull move in this space is likely to occur in blue sky breakout territory and it will probably happen in a short period of time. But. The grind back to ATH's could be a lengthy process. (Then again, maybe not, how's that for a point?)
These markets are like trading on steroids. ICX gained 1200% and retraced ENTIRELY over two and a half months. Massive fortunes were gained and lost over that time period.
Pick your piece of the pie and study your ass off about the best strategies to obtain said piece. I'm not sure if this type of opportunity is going to have too many iterations. Waddu I know tho?
I'm just your friendly neighborhood piece of Satoshi Peyote.
The chart begins in mid December of 2017. Some people say that was a good time for crypto.
Right off the bat we see a heavy divergence in price movement versus volume with price hitting ATH in early January around 13 American dingos. Next week price fluctuates wildly with decreased volume. The lower wick later becomes very significant resistance.
We get corresponding price to volume movement until June where we see the volume relatively increase as the price decreases hitting ATL at $0.45 in September and the price has more or less kind of in relation to the larger picture maybe flatlined since as volume decreased. (not really as we've seen a 76% bounce on the weekly since hitting the recent bottom but relatively speaking...)
Looking at the fibonacci levels we can see further future levels of resistance that could be significant on the way back up. Levels line up almost like robots are trading algorithms or something. But anyways.
Spoiler alert: I think ICX is going back up and will reach new ATH's eventually. Probably not today or tomorrow or next year and for the rest of your life...
wait.
I think I fucked that up.
But anyways once again.
From here to the floor that's been set so far is -36%. Just cause it was the floor before doesn't mean it's gonna be the floor again if you know what I mean though. ICX started at $0.99 here and has hit $0.45. That's significant downside. Don't be caught catching falling knives or chasing waterfalls. Instead Shoop. Shoop A Doop.
Cause year there's upside too. That December bull run was over 1200% in 21 days. Twelve hundred percent in three weeks.
From where we currently sit, pricewise, to the ATH is about 1800ish%. It's almost certainly not going to happen in one bull run like it did ten months ago. It's almost definitely going to take longer than twenty one days. But another parabolic bull run is likely eventually going to happen (imo) in the crypto markets and I think ICON is poised to be one of the alts that runs up there with the big boys.
The next REALLY big bull move in this space is likely to occur in blue sky breakout territory and it will probably happen in a short period of time. But. The grind back to ATH's could be a lengthy process. (Then again, maybe not, how's that for a point?)
These markets are like trading on steroids. ICX gained 1200% and retraced ENTIRELY over two and a half months. Massive fortunes were gained and lost over that time period.
Pick your piece of the pie and study your ass off about the best strategies to obtain said piece. I'm not sure if this type of opportunity is going to have too many iterations. Waddu I know tho?
I'm just your friendly neighborhood piece of Satoshi Peyote.
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