Good evening all and welcome to another Alt coin analysis Im trying out. I am looking at ICX/BTC and I am seeing some life in a coin that is still pretty far down from its ATH. The thing is if you are trading this you can still make a lot of money if you play your cards right. Last time I analyzed this coin was the middle of last year and that is when I put this fib on the chart. It was almost valid enough to leave on the chart but I drew a fresh one just to make sure we were covered. I also put my typical set up on the chart so lets discuss the current situation.
ICX is a double edged sword at the moment anyways. I really hope that the pump continues similar to how VET has took off. But I cannot promise the same results. Back in Feb of 2018 we were at 92000 sats. Right now we are close to 4100 sats so we still have a mountain to climb if we are going to get back to that ATH we want to see. But traders gonna trade. You can still make money on this coin but buying right now may not be the best idea and Ill explain why I feel that way...
I see we have had 3 rejections at this level in the recent past. So the .382 fib is strong resistance. If we can muscle our way above the .382 fib that should cause some fomo though so I am curious to see what the bulls can do for us. Right now we are above the 50 MA and the 200 MA and the cloud on the daily. But we were the last 2 times we attempted to break above the .382 fib.
Right now if you ask me it is all wagered on if we break above the .382 before we can advance any further. Fomo should show its face after 2 solid rejects at this level traders are watching for a breach of this level. The .382 which is approximately 4575 sats. I have my eye on that level. If you want to go long here make sure you set a stop loss. Nothing is written in stone at this point so you will be taking a risk if you want to jump into a long at this point. But Ive seen stranger things. I mean on the chart. Not the show on Netflix. Although I have see that too. Its okay. I think Ive used this joke before so lets move on. WTFDIK :)
TLDR: Alts usually move when Bitcoin is moving sideways from what I have seen over the past 17 months I have been doing analysis. Just an observation. Do you agree?
ICX is a double edged sword at the moment anyways. I really hope that the pump continues similar to how VET has took off. But I cannot promise the same results. Back in Feb of 2018 we were at 92000 sats. Right now we are close to 4100 sats so we still have a mountain to climb if we are going to get back to that ATH we want to see. But traders gonna trade. You can still make money on this coin but buying right now may not be the best idea and Ill explain why I feel that way...
I see we have had 3 rejections at this level in the recent past. So the .382 fib is strong resistance. If we can muscle our way above the .382 fib that should cause some fomo though so I am curious to see what the bulls can do for us. Right now we are above the 50 MA and the 200 MA and the cloud on the daily. But we were the last 2 times we attempted to break above the .382 fib.
Right now if you ask me it is all wagered on if we break above the .382 before we can advance any further. Fomo should show its face after 2 solid rejects at this level traders are watching for a breach of this level. The .382 which is approximately 4575 sats. I have my eye on that level. If you want to go long here make sure you set a stop loss. Nothing is written in stone at this point so you will be taking a risk if you want to jump into a long at this point. But Ive seen stranger things. I mean on the chart. Not the show on Netflix. Although I have see that too. Its okay. I think Ive used this joke before so lets move on. WTFDIK :)
TLDR: Alts usually move when Bitcoin is moving sideways from what I have seen over the past 17 months I have been doing analysis. Just an observation. Do you agree?