As promised, here is a quick update on ICON spread to BTC ;-)
Longterm bull on ICX. We had an algo target hit, providing confluence for a technical pivot. Although I do have my eyes set on some potential lower targets, my primary count is favoring the larger swing target, which is where I placed my trade once I saw the reaction. In full disclosure, I was stopped out on my previous trade but not knocked out. Recount, relabel, and reload is the name of the game. Take it from longmoney ;-)
Once again I'd like to point out that this is definitely not a place to get long--unless you are a super long trader who can go without looking at the chart for months. It is quite possible that the pivot is in and ICX will at least have some more upside after a healthy retracement. I have labeled my chart showing how I approached this trade, with the hopes that it provides some insight.
For my next trade setup, I will post a new chart as the price action develops.
Please trade wisely everyone, and don't buy at retail. My educational advice ;-)
longmoney
Longterm bull on ICX. We had an algo target hit, providing confluence for a technical pivot. Although I do have my eyes set on some potential lower targets, my primary count is favoring the larger swing target, which is where I placed my trade once I saw the reaction. In full disclosure, I was stopped out on my previous trade but not knocked out. Recount, relabel, and reload is the name of the game. Take it from longmoney ;-)
Once again I'd like to point out that this is definitely not a place to get long--unless you are a super long trader who can go without looking at the chart for months. It is quite possible that the pivot is in and ICX will at least have some more upside after a healthy retracement. I have labeled my chart showing how I approached this trade, with the hopes that it provides some insight.
For my next trade setup, I will post a new chart as the price action develops.
Please trade wisely everyone, and don't buy at retail. My educational advice ;-)
longmoney
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Hmm...Note
Wave structure beginning to show itself, finally. Let's see if any adjustments may be needed for that reloadNote
No reload yet. That structure is just ugly. Quick ICX update for my ICON lovers ;-)Note
ICX is stubborn. Unwilling for a reloadTrade closed manually
Late morning update. Sorry folks. I was asked if may add was coming because that hotbox I drew. Where is that hotbox now ;-) I will do my best to update ICX with a new chart. It def needs one
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Look at my June 3 post. You can see I always already preparing my exitNote
Front-run? Too soon to tell. Careful everyone if you bitNote
Alternate count for bulls. Expanded flat. Makes the front-run more probable as its closer to 50. Trader's choice ;-)Updates coming soon
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Will do my best to get new ADA posted. Rough draft ;-)Note
Do not like. ADA chart will be worked on. What are these market movers up to hmm...Note
Apologies everyone for the wrong charts. Either I am incompetent, or TV should make it a bit easier to not make mistakes. Shoot, I pay...Anyway, working on chart. Will post soon
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Quick update. Pretty sure I can find some time to post tonight. Trade safe everyone...Note
Quick update on ICX. Did I get a fill. Stay tuned lol ;-)Note
ICX chart being worked on. Let's close this length post out ;-)Trade closed manually
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Working on ICX update...I need lower prices for the Long
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.