ICN XBT on KRAKEN

Description

⋅ Mar 31, 2017 2:06 PM

Short term down, then up.
Middle term down.
Long term up.

No announcements, no news scenario.

Order cancelled

⋅ Apr 6, 2017 5:21 PM

At this moment its not clear that might be the bottom.
Bitcoin is very strong right now.
Psychological Supports:

-37k
-28k
-23k

I would not buy for more, otherwise it is to risky. I advise to track BTCUSDT pair to determine future direction.

Comments

suddeath

⋅ Mar 31, 2017 3:27 PM

Tommorow is the first buyback by devs - medium.com/iconominet/iconomi-introduces-repayment-programme-54bfa449d458
Any thoughts how can this affect ICN price?

MateuszGrzelak

⋅ Mar 31, 2017 3:38 PM

@suddeath, Practically it is less than 10k ICN a day "price supporti" it is absolutely nothing (probably not even noticeable), below promiles of daily volume, but psychologically it might cause a short fomo campaign to be later crushed back to few times the ICO price. I would be careful, and stick to support fundamentals if buying. That is 45k, 35k and 27k better buy higher than to fall to oblivion in my opinion. Also BTCUSDT on polo looks very strong which is a disadvantage for ICN.