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Acel
Feb 16, 2018 1:58 PM

ICX/BTC - Still correcting after the hype Long

ICON / BitcoinBinance

Description

ICX still in correction, looking for that sweet point B.

Targets and entry points on the graph.

Remember, BTC pairs are tricky, always keep an eye on Bitcoin !

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Dont rush in, i dont think its a clear breakout.

Trade active

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BTC pair may be going down but thats because BTC is going up, USD "pair" is still around the same level.

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About to make a HH with volume.

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Game on. :)

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It may revisit the early exit area again and probably aim for the first target.

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Target 2 is kinda hard atm, lets go for target 1.

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its 4 sats away from the stop loss. I have lowerd my stop loss because its extremely oversold at this area.
An average of 4% loss in the USD pair if you havent taken partial profit at the early exit. Bitcoin might retrace to ~10k levels in the short term.

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Quite nice volume and a battle between bulls and bears, if it doesnt reverse here there is one more level down.
10 cents up since the last update.

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Trade closed: stop reached

stop loss, as per chart.

Im still holding it because its extremelly over sold, we may see a bounce around the (a) level.

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Nice reversal candles for a small bounce, it has to close around 4k sats this hour se we can expect something better. But keep your expectations low, as many alts are over sold atm.

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Its holding the line of the picture above, but there are lots of sell walls on the way up. Typical manipulation of the price IMO, so you need to up your HOLD game if you are still in it. Oscillators on bigger term candles look very promising.

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it bounced of, but this whole structure is werid, so keep your expectations low.
I guess, the only tool for now is the fractal pattern and BB, if it keeps the middle line it would be good for the short term.

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Dont take it for granted, im bullish biased on this one.

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Reaching apex,it may have a short term uptrend but i think the general trend is still down.

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Well, massive sell volume as soon as a poop says its bearish, nothing new here, watch for a bounce or break around the 4k area.

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ICON, my nemesis..! Its still going for a deeper correction, but the bottom is not far away.

I will try to provide a new idea within the next 24 hours, hopefully, sorry for the fail on this one.

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Updated idea.
Comments
sv1rep
5500 sat, we are comming :)
Acel
@sv1rep, it might take a while since bitcoin is trying to go higher, but the good news is that there are not many visible sell orders on the order book.
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