I have been watching ICN / BTC rally over the last couple of days but haven't been able to find a way into the party. We are now getting a pullback and have a quality in focus.
Iconomi has been on a bit of a tear for the last few days, and is currently giving us out first pullback and potentially opportunity to join the party. We are looking for a pullback to the 0.000190 and 0.000186 support band. The support support band coincides with the 38.2% fib retrace. This band is support taken from the .
Once we get to our level we are looking for a decisive buying bar (closes by the top) on a Hourly or 4 Hourly bar, and we will buy when the high of that bar is taken out.
Entry high of the buying bar bouncing from the support band.
Stop loss below the bar and the band 0.000183
Target 1 The first bar on my timeframe that closes above my entry bar
Next Targets before the blue dotted lines
0.000205 Target 1
0.000219 Target 2
Enjoy guys lets get some profits in the bank!