ChristiaanvanderMerwe
Long

Icon New Market Cycle

BINANCE:ICXBTC   ICON / Bitcoin
Markets move in cycles. They move how they do and not how they 'should', you need to move with it.

Icon (and many more ALTs) seem to be moving into the accumulation phase/cycle since breaking out of the downtrend/markdown phase. I will look to play these new ranges formed and look for breakouts of these ranges over the next few months. In my opinion, trading ALTs is something that increases demand for BTC as most are still bought with BTC . This is beneficial for the market as a whole and in my opinion should bring some profits in Q4 2018 to those still left in the game or those returning from hibernation.
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