As the title suggests, this a a perfect buying opportunity. A new project that will probably do very well in the future, down 95% and just double bottomed. This coin could do over 1000x during the next run up. Awesome project, brand new, cheap. Rare opportunity to get in a good project like btc or eth early. That's where all the $ is made, not people who buy when...
We have a clear breakout of falling wedge. If BTC holds or moves to 35 k we are going to 60 usd. If BTC goes 40 k we go to 100.
If BTC crashes then ICP will invalidate this TA.
Best of Luck. DYOR. ICP moon mission is around the corner!!!
ICP after it’s dead cat bounce is back to making new lows, last short was a success with a $28 target, now that $28 has been broken, a short down to $10 is in play.
I plan to short down to $1, and see if it is able to hold at that level once the market stabilizes. I do see Bitcoin springing soon, I do not see ICP regaining much other than $28-$32.
I have been buying this coin from $38 and have been scaling in ever since last week. This is probably the MOST beaten down crypto in the entire market. Making a quick trade out of this last throw over.
The Internet Computer is the world’s first blockchain that runs at web speed with unbounded capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum — a blockchain computer that scales smart contract computation and data, runs them at web speed, processes and stores data efficiently, and provides powerful software...
As we can see, ICP has formed a new descending channel, as the price approached the former price point of the dead cat bounce, the buy pressure fizzled out very fast. I am expecting a dramatic fall in price here.
Also, I am expecting Dominic Williams, Dfinity CEO, to perform the “badlands” hard fork of $ICP to $BDL for damage control....
Initial recommended short opened at $48 is 26% in profit, with leverage huge success.
ICP still following descending channel, volume is extremely bearish. Looking at a second test of $30, if broken;
TP @ $28.
If liquidation is above $58, recommend against closing the position until $9 (taking a 2X multiple of fake quoted VC price of $4.50, believe we could see...
My Previous post was banned!! Original date post was on Jun 25
ICP biggest flop of 2021 - no really - just look at this 90% drop. We haven't since sort of a disaster since 2018 lol.
Not All beginnings got a great start.
This my first time doing a TA on this COIN.
What we see:
Bear, 90% drop, can't stabilize, in a wedge and possible channel could form, too...