This move is quiet dangerous because from price action alone you couldn't tell if this is a run to 0 for ICX.
In the Long Term ICON is still one of the best projects out there imo. But this doesn't matter until we see some strength in the Market.
If you try to catch the knife now is probably a good opportunity! But it could also go on to free fall til death.
Institutional interest to keep this area intact. Shorts are nearing ATH so to me it doesnt look like we will break 5800$ in the short term. If we break above 6700 a lot of shorts will be under water and that will support a fast ran to 7400$.
The whole last failed rally felt suspicious to me because if we would break below 5800$ the majority would be easily right,...
Bitcoin had a ruff ride over the last week, dropping down with low Volume over the weekend. At the same time the greatest News of the Year (ICE,NYSE) got published... This is a calculated Whale play, making everybody uncomfortable with fear of BTC breaking 5800$ Support and going lower.
Keep in Mind that this whole price move got established on low Volume on the...
We currently crossed the Chasm and are in the beginning of wave 5 of the smaller cycle... In the big picture we are in Wave 5 of the major cycle.... Life Changing money to be made and lost :)
