EmVi
Education

ICX/BTC - education for begginers with real-time example

BINANCE:ICXBTC   ICON / Bitcoin
Hello my friends !
This education lesson is more for beginners, as I am too.
Many new people have no clue about analysis, as begining. I did same mistake.

ICX , or ICON now reach strong support at 4h timeframe. Its decide-point, which direction will continue. I like to share my approch.
Usually, I just change chart to smaller timeframe ( here are2 hours candles ) for more detail look. Also bollinger bands is very easy use tool for better buy/sell. STOCH/ RSI at the bottom of chart indicate, if market is OVERBUY/OVERSELL. Lines needs to cross for change.
Every market has levels with strong buy/sell points. At this spots are situated big buy/sell orders. There are call support and resistance lines & we waiting for buy/sell oportunity near this levels. I want to notice, very often candle not reach this levels properly. Buy/sell orders people likely sets little lower or higher to be sure, order will be filed : )
At this chart, Im now draw resistence, only supports. Resistence repressent upper line in bollinger bands .
ICX is now in good example, and you can watch, how it works, without investing your real money.

Also, you need to study basic patterns like SUPPORT & RESISTANCE levels, Fibonacchi, how to use indicators , by your own. Sure, you need to train patience. Never make decision under emotions .
I will glad, if you leave comment or question below : )

*This is for education purposes only !
As all of my analysis.
Comment: ICX still needs about 3,5% to reach support green line. Its good to watching 4 and 2 hour timeframes for better view. Always counts only CLOSED CANDLES !
If ICX makes a reversal point upwards, you need to next candle to be green , strong and closed, at least at 2 hours chart. But better is 4h candle.

*This is for education purposes only !
As all of my analysis.
Comment: ICX forming smaller support near our.
Comment: ICX probably touch yellow line and jump back, or breaks lower.
Its important to wach where 4h candle will be closed and next candle continue : )
Comment: Now ICX touch yellow line and my prediction looks exactly perfect :D
Comment: ICX testing yellow support.
Comment: ICX still between yellow and green dashed lines.
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