YoloFarts
Long

Iconomi Outlook - Fund Management Platform

KRAKEN:ICNXBT   None
ICN = Equity shares in the ICONOMI platform as a whole (ICNX,ICNP,OFM). You get dividends in ETH paid out weekly when we start getting profits on funds.

ICNP = Performance fund run by the Iconomi team. It invests ONLY in ICOs and has 7K BTC to spend (that was the overflow in ICO over 10K BTC raised). It currently is owned by ICN investors with no official date for extra investments as it has enough funds for now. The first investment was 5K ETH in Golem, second was 9.76% FREE Byteballs by connecting our 6900BTC wallet.

ICNX = Similar to an ETF with underlying cryptoassets meeting specific criterias. This is an index fund of crypto tokens that gets rebalanced on specific intervals or if a threshold is met.

OFM = Open Fund Manager where anyone can be a fund manager. ICN holders get a set fee while the fund manager can set his own.
Comment: Confirmed breakout after the ratio kicked in. Market makers are holding both the lower range of the triangle (0.000308) and the upper range (0.000350).

Buyers have stepped in and bought up slightly over 130000 ICN from the 0.00034-0.00035 walls. Good news should be able to shoot up to previous highs (0.000415), if bought up the BTC ATH resistance should turn support.

Note: Good news can be investments in ICOs from ICNP and/or platform beta access.
Comment: 700K ICN buy in a 4hr candle has turned the market makers and resistance at 0.00035 to support.

Rebounds

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