TradingView
cybernetwork
Feb 6, 2020 6:17 AM

ICX: Breakup or Fakeout before continuing further down to 61.8%. 

ICON / BitcoinBinance

描述

ICX:BTC
Breakup or Fakeout before continuing further down to 61.8% @ 0.00003337 BTC?

and then a possible continuation upward pump again?
or, more possibly, range bound sideways movement. -- this will depends on BTCUSD.

Continued analysis from:

评论

Also I have been following the BTC Dominance Chart, and it is looking very bullish for Altcoins atm:

评论

The descending triangle that I am watching closely now.
评论
vickymehta1977.vm
Can icx give a break up again and make the new high
cybernetwork
@vickymehta1977.vm, Personally, I think it depends on BTC.
BTC is looking bullish to me atm, so quite possible I would say. :)
I'm just waiting for a clear signal (i.e. finding support at key levels or above well established trend line) before deciding on a move, and being okie with missing out if those doesn't appear too, etc.
vickymehta1977.vm
@cybernetwork,
Is it the right time to buy ether
cybernetwork
@vickymehta1977.vm, Personally, I have been slowly cost averaging into ETH since it was below 100 USD and regularly when it is below 200 USD.

I'm not giving financial or trading advice, but just saying what I would do myself.

ATM I think ETH is potentially at a level of resistance.
I'd buy (as an investor) if it is able to find support above it and the market continues to show strength.
Otherwise, if it is clearly rejected by the current level, I will wait for it to drop back down to around ~160 USD at the 61.8 level.

For trading, I'd wait for a clearer sign as well before I'd dare to make any move (no FOMO).

Here's just a quick analysis; I'm not following much on ETH's chart since I had been merely cost averaging whenever price dips below 150 USD.


But hope this personal perspective of mine is helpful towards your own personal trade decision in some ways. =D
UnknownUnicorn6019374
@cybernetwork, any new update now? Thank you :)
vickymehta1977.vm
@cybernetwork,
Thanks a lot for ur reply
vickymehta1977.vm
@vickymehta1977.vm,
Any thing safe to buy which can give appreciation of 50 to 100 %
cybernetwork
@vickymehta1977.vm, high rewards usually also comes with very high risk.
But there are many lower mcap altcoins that looks like they are about to do what ICX just did (anytime) if BTC price can hold at current level.
I'm personally looking at ELA myself (bought much earlier at ca. 1.5 USD -- but also because I like the tech and the people behind it, especially its leadership.
cybernetwork
@cybernetwork, Not telling you what to buy though, but just sharing my own trade/investment decisions myself.
With careful risk management (such as setting sensible stop losses and etc.) of course. ;)
vickymehta1977.vm
@cybernetwork,
Thanks a lot for your help
更多