ICX dead in the water until April? Riding under a long term trend line currently, could go relatively bearish for a bit if not already at the bottom.
Crazy idea but there are 3 trend lines that intersect in April, and sometimes these can be point of major movement or a target for a bounce in one direction or another.
Let me know your thoughts!
ICXBTC
ICON / Bitcoin (BINANCE:ICXBTC) Automated StrategyHello here is a configuration for my script Cyatophilum Bands Pro Trader . It will help you receive alerts for manual or bot trading.
ICON / Bitcoin - 1H - BINANCE:ICXBTC | Configurable Parameters 73 3 6 Daytrading Activated SMA 30
Backtest from July 2017 to today. Initial Capital = 1000 € . Order Size = 100% of Equity.
Commission fees = 0.05%.
In this configuration, on a long signal all shorts are exited and a long is open. On a short signal, all longs are exited and a long is open.
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$ICX : le épaule-tête-épaule se concrétise, à quand le volume ?Nous avions déjà présenté ce pattern $ICX au moment de la réalisation de la seconde épaule,
Désormais, la NeckLine a été retestée - Après un retracement > 90 %, $ICX n'a pas encore profité d'une belle reprise.
J'aurai aimé une tête plus franche, un peu plus de volume sur la deuxième épaule
ICX ICON inverse H&SLooks like a textbook inverse H&S. On each movement volume increase the price was moving up. At the moment still below the neckline though, so even though it looks great, it can still fail. It looks like it needs Bitcoin' to break the 3900/3950. If the neckline breaks, we need to see volume increase as well. On the right we can see a green support, that one must hold to keep momentum. Otherwise we could see a retest of that upwards trend line.
Even though this one looks much better than from my previous analysis, the setup back then was good as well. And still it failed. Safest play is waiting for a breakout, a pullback and buy at confirmation.
Previous analysis:
Cup and Handle pattern?? lets go!is this the start of the #ALTSEASON?
Breaking above the horizontal channel and FW that I tweeted some weeks ago,
Volume looks strong and increasing.
Crossing above ICHI cloud (Like most ALTs are doing these days!),
BUY signal from the UCTS.
EMA50 acting as support.
Adding Auto Fib will match our current resistances and support.
I have marked the levels in the picture for reference as potential targets.
Happy Trading!
Breakout of important resistanceICX finally brokeout resistance that was already tested 3 times and now starting a bull trend (hopefully). I've noticed it this morning just before the breakout, but didn't buy it below 700, which was the best place to enter. Now I'm looking for a chance to get in on a pullback either to 715 or 700.
Day timeframe shows the reversal clearly. I've also marked some targets in midterm, considering BTC stays above 3750.