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ICP

ICP, is it really bullish?this week we could enter ICP twice and get 100% profit in the first trade and 60% in the second trade with 5x lev. The whole idea is written in the previous idea (link below). I am neither bearish nor bullish now, if it returns to BUY are between 40-41 then we will buy again with SL and if it will break out the down trend with positive money flow, then we will enter again and the next target will be 54. small resistance and then $75 per ICP. Wish you all the best.
by Kurd_Crypto
Wyckoff Double Bottom Accumulation Accumulation: Wyckoff Phases Phase A: Phase A marks the stopping of the prior downtrend. Up to this point, supply has been dominant. The approaching diminution of supply is evidenced in preliminary support (PS) and a selling climax (SC). These events are often very obvious on bar charts, where widening spread and heavy volume depict the transfer of huge numbers of shares from the public to large professional interests. Once these intense selling pressures have been relieved, an automatic rally (AR), consisting of both institutional demand for shares as well as short-covering, typically ensues. A successful secondary test (ST) in the area of the SC will show less selling than previously and a narrowing of spread and decreased volume, generally stopping at or above the same price level as the SC. If the ST goes lower than that of the SC, one can anticipate either new lows or prolonged consolidation. The lows of the SC and the ST and the high of the AR set the boundaries of the TR. Horizontal lines may be drawn to help focus attention on market behavior, as seen in the two Accumulation Schematics above. Sometimes the downtrend may end less dramatically, without climactic price and volume action. In general, however, it is preferable to see the PS, SC, AR and ST, as these provide not only a more distinct charting landscape but a clear indication that large operators have definitively initiated accumulation. In a re-accumulation TR (which occurs during a longer-term uptrend), the points representing PS, SC and ST are not evident in Phase A. Rather, in such cases, Phase A resembles that more typically seen in distribution (see below). Phases B-E generally have a shorter duration and smaller amplitude than, but are ultimately similar to, those in the primary accumulation base. Phase B: In Wyckoffian analysis, Phase B serves the function of “building a cause” for a new uptrend (see Wyckoff Law #2 – “Cause and Effect”). In Phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. The process of institutional accumulation may take a long time (sometimes a year or more) and involves purchasing shares at lower prices and checking advances in price with short sales. There are usually multiple STs during Phase B, as well as upthrust-type actions at the upper end of the TR. Overall, the large interests are net buyers of shares as the TR evolves, with the goal of acquiring as much of the remaining floating supply as possible. Institutional buying and selling imparts the characteristic up-and-down price action of the trading range. Early on in Phase B, the price swings tend to be wide and accompanied by high volume. As the professionals absorb the supply, however, the volume on downswings within the TR tends to diminish. When it appears that supply is likely to have been exhausted, the stock is ready for Phase C. Phase C: It is in Phase C that the stock price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked up. As noted above, a spring is a price move below the support level of the TR (established in Phases A and B) that quickly reverses and moves back into the TR. It is an example of a bear trap because the drop below support appears to signal resumption of the downtrend. In reality, though, this marks the beginning of a new uptrend, trapping the late sellers (bears). In Wyckoff's method, a successful test of supply represented by a spring (or a shakeout) provides a high-probability trading opportunity. A low-volume spring (or a low-volume test of a shakeout) indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position. The appearance of a SOS shortly after a spring or shakeout validates the analysis. As noted in Accumulation Schematic #2, however, the testing of supply can occur higher up in the TR without a spring or shakeout; when this occurs, the identification of Phase C can be challenging. Phase D: If we are correct in our analysis, what should follow is the consistent dominance of demand over supply. This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume, as well as reactions (LPSs) on smaller spreads and diminished volumes. During Phase D, the price will move at least to the top of the TR. LPSs in this phase are generally excellent places to initiate or add to profitable long positions. Phase E: In Phase E, the stock leaves the TR, demand is in full control and the markup is obvious to everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level TRs comprising both profit-taking and acquisition of additional shares (“re-accumulation”) by large operators can occur at any point in Phase E. These TRs are sometimes called “stepping stones” on the way to even higher price targets.
Long
by Crypt0_Ninja
13
ICP Daily Head and ShouldersThe Price of ICP has been in a downtrend for months now. We have seen a breakout to the upside from the 5th of Nov, taking the Price to $58. If ICP is able to hold the trendline, then we could see in the coming weeks a potential break of the $87 ATH from September, and go to, or beyond the $100 mark. I see a potential £200 end of year due to the BTC smart contract integration that could bring a lot of hype to the project, if the Bull Market extends till end of Q1 2022, then we could see ICP go back to to the ATH from launch at $450. Do your own research before investing, and trade safe my friends!
COINBASE:ICPUSDLong
by SimonSai333
1
Possible short downside to 47-48$ for a retest of support.We are going higher for the past 3 days, but volume is getting lower on each day. RSI is showing a small bearish divergence for the past days. We have not yet retested the brake out line and 50day EMA with a red candle. This is just an idea, because we cannot go up in a straight line. We are still in an uptrend and ICP will reach higher targets in next days, weeks. Everyone is just publishing the positive here, so lets keep in mind some small bearish scenarios too. Keep it safe and have an awesome day! Hit a like if you appreciate my thoughts.
by UnknownUnicorn26369879
13
ICP is left out of the market, What's best zone to buy?ICP is one of the highest potential coins in cryptocurrency market but its moving in a range between 55$ and 40$ since 2 month ago! This coin can see 78$ or higher, If this coin can consolidate its position above 40$ the next targets can be 78$ or higher for this coin. The trend line I drew on the chart must be kept to see a breakout of current upper resistance and then a huge move up to 78$ as the next target. Best zone to buy this coin is after breakout of the upper resistance IMO. Your Likes And Comments Are the best Thank You. Profit is Yours!
Long
by TahaZargar
2
ICP coming soon for a move to the Upside.After the break of Structure, as we can see the price is coming back for a complete retrace, which is a good sign, because price might be coming for the retest on the Daily trend line that has been broken, and which is in confluence with the lower trend line of the ascending channel and also the decision point (there are different type of decision points). And that might be a very clear area of liquidity. So if price can come to that area and we notice signs of rejection and bullish signs, which other confirmations, then we might also bag some ICP coin with a target of 30% on spot. NB: Always trade the market structure and not the trend of the market. And this is not a financial advice and trade with caution, using strict risk management. And always be reactive and not predictive. :)
Long
by PrimeTradeX
1
$300 ICP by EOY?I believe that something like this could be the trajectory for a $300 USD ICP by the end of the year. In the near term we could see a test of .001 with a rejection back to the diagonal line of resistance. This rejection would be provably due to a combination of BTC ripping up and/or a market correction. Assuming that BTC lands somewhere around $100,000 by EOY I think that once FOMO kicks in ICP could see a bounce back to the .382 fib level which would land it at .003 BTC/$300 USD.
Long
by CryptoNCoffee
1
ICP - great buy opportunity or another overhyped projectLaunched few months ago. Instantly placed it in the TOP 10 by Market Cap, but since then only dumps occurs. Available for trade on all major exchanges (Binance, Coinbase, Bitfinex, Huobi etc.) It looks like it is in accumulation and waiting for its moment to shine. Looks like EOS in last bull market. Huge hype --> dump --> long accumulation --> moon. For new project on this level, it will be very unlikely not to moon very hard when people spot it. All take profit levels are market on chart. Always leave some for price discovery territory ;)
Long
by Philippe_0x
6