I'm heavily invested in ICP and most of it is locked up for a minimum of 8 years, so yes, I'm biased... I think this has got to be THE most undervalued project in all of crypto.
And so I'm perpetually disappointed with the uninspiring ICP/USD chart. What IS going on with that? Nothing to hold onto, nothing to indicate the price is coiling up, ready to spring out...
I love TA on crypto! Check out the shenanigans on NEAR price action as BTC tracks sideways as part of a presumably minor hick-up...
First we had a triangle and what looked like a breakout (first chart below). I posted on this, expecting NEAR to take off (see link).
But as BTC pulled back a little this turned out to be a fake-out and price fell rapidly (second...
I like Fibs. Especially in crypto. Wherever I see a well-defined and significant run up or run down in the historic price action I draw some basic extension Fibs (yes, sometimes upside down as well - I don't care...). Then I check whether these Fibs have historically been, and are being, acknowledged. If so, then that set of Fibs is what I use for trading.
As I...
First of all, I acknowledge that I've changed my mind on AGIX short term price prospects (see previous post in link below). I acknowledged a risk of a pullback but the resulting move was much more decisive than I was expecting. The Bitcoin wobble has really sparked some sudden short-term reversals and hurt the technical charts of a vast number of coins, but it has...
Let's talk about the elephant in the crypto village square: Bitcoin. Now that we're looking at a correction, it makes sense to talk about where that may end and - for those of you that successfully took some profits - when and where you may want to re-deploy those funds.
I am of the view that Fibonaci levels - particularly old ones - are extremely helpful for...
Toncoin has had a fantastic run, since coming out of its origin triangle six weeks ago. But now the chart suggest a break may be imminent. Strong divergence on the daily and weakening peaks. I've stepped out for a while.
I don't like diamond patterns. Never have... Most of the time, breakouts from diamonds morph into other more reliable patterns. Not sure where this one is heading, but if I had a gun to my head I would put my money on it progressing down a bit further first.
These types of moves remind me why I started trading crypto in the first place... What a perfect slow-motion breakout!! It played over no less than 6 weeks, but now she's off. I almost sold my position to invest in something else, but held off because I was still hoping for it to shoot moons. There's some resistance around US$21, but my first target is US$26.
SingularityNET price action (AGIX) is generating an interesting technical pattern. A potential double-top has formed which strengthens strong bearish divergence on the daily chart. However, a recent bit of strengthening suggests a bullish continuation triangle is in the make at the same time.
I'm not trading this pattern, but if I were, I'd choose to go long. If...
Some notes on ICP’s future price potential.
I’ve been trying to get a sense for the price gains we may expect from ICP going forward. Obviously – given the mountain of innovation that the project team has already delivered – the project is greatly undervalued, but what would fair value look like?
I think a good metric to use is Market Dominance, expressed as...
