You all might be bullish and hoping for the moon but reality is... it's a bear market still. No one will see 6k + for months form now, since bottom isn't confirmed yet - moreover ... I believe we will still go lower. For now thing's look... eh - ok. First on the way is a retracement to Fibo 0.618 and if we bounce from there we might see a test of 4200 area. For...
I do wonder if this pitchfork hodl? As you can see bottom trendline is a massive support - if it breaks price action is going to get nasty again - until then we have a good few days to lock in some profits... Let's watch it closely (I'm sure we all do :)).
RSI oversold on daily (still below 30), lower low indicates a bullish reversal. Time for a Long (until 3800's area) than back down ... hard.
Suggest movement to the downside ...
Ladies and gentleman - we entered months of boring price action...
First of all - Technical analysis of any sort is based on historical price action. Any future price action prediction is a theoretical view of an author in regards to speculated price movement. Trader/analyst/investor by using chosen set of tools hopes to gain profit from those trading pairs which seems to follow rigoristic criteria. Icon/Bitcoin is now one of...
Were's still not there yet - in my opinion RSI needs to go below 30 in order to reverse its course for a short while (if at all).
It's always a scenario. Confidence in these areas don't exist, we do have tools however which allow us to protect size f our portfolio. Cup and handle pattern usually indicates break to the upside. Huge LH - LH resistance (thick white) in my opinion will reject continuation to the upside. Let's see how this one goes.
To me we are just up from anger stage on Wall street cheat sheet - let's see what's coming. Everyone obviously hopes here for massive gains - especially alts - I do admit though - I was impressed with Ontology and Wanchain, but Cardano and Iota didn't explode as I was expecting. We learn every day - from here on I imagine we will see shorts piling up... time will tell.
From what we witnessed until now - it's time for retrace... question is, which bottom levels will now hold?
Too many people out there, sees what they wanna see insted of what is really going on. Look at the bigger time frame and realize finally - It's a bloody bear market !
Just bringing you an idea for #Bitcoin - #BTCUSD pair. It's not that it's similar or identical to previous price action - just have a look and tell me what you think about it ? I have a funny feeling we might go sideways for a while...
Icon - ICX Fundamental information : Twitter 109k followers, one of the largest blockchain networks in the world. ICON boasts independent blockchains comprised of reputable institutions in major industries.It is an interchain blockchain that connects various blockchains such as Bitcoin, Ethereum, and Qtum. First, ICX is used as an intermediary cryptocurrency. ICX...
For those who don't know - ERC20 token - ethereum based. Great team, project alive - CEO on YT, large community. Once green support line is broken (with confirmation) we're jumping on a bus towards 0.047 areas. Now - all info on my profile is just and only for my own research, I simply don't care bout no one - since you simply cannot trust internet - learned it...
First of all : trend is not our friend now - it's a bad a$$ which makes it all awkward. Out of all of fantastic projects out there IOTA is more unique than any other. Not a blockchain but tangle, no mining, no fees, no Satoshi Nakamoto -but yet it resides in top 10 cryptocurrencies in marketcap for number of months now. Many will approach me here proposing ice...
There's lot of fear around... trust your gut, mine tells me - were going down to next support level @ $2.13... I know - Im crazy.
Since I can see really bright future of this project (apart for slightly annoying delays in iota transfers atm.) candles tell me we're going up. Now - I am an engineer by profession - not a billionaire as most of people. If you think I'm mistaken - please throw in some criticism and tell me why would these signs not be valid ?