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ICPUSD

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 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
$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 | Bullish PullBack After a breakout it is time for a nice and clear pull back to get more buying flow and increase volume, we need to wait for a 4H candle to close and confirm a bullish continue which will create a bullish channel. We are also expecting to see micro traders using high margin are joining big money players that lead to FOMO price action. ICP price at 47.10 USD, based on our forecasts for price increase is expected to be around +420.00%. - Our option for #ICP is WAITING FOR A CLEAR 4H CHART CONFIRMATION. It’s important to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose. Trading & Investing both are the master of RISK. Please comment, like and follow if it was helpful for you. Thank you for your time. Have a profitable day. | Review and analysis by Samadi.Finance |
COINBASE:ICPUSDLong
by AliSamadiTR
ICP/USDT Triangle. Zones of reversal levels.The price is kept squeezed with minimal volatility in an uptrend. A triangular formation has formed (upward triangle) with a base of 80%. The price is squeezed into a corner. The denouement will happen soon. Zones of levels from which further trend development depends on are indicated with arrows. Coin in the Coinmarket: Internet Computer ICP For general information, but not for trading. Who has some basic knowledge of gematria and is familiar with the beliefs of non-public "religions", I think noticed the message about numerical values of levels. This is observed only for a few known highly liquid crypto-assets ( BTC ETH XRP XLM ATOM BCH TRX ), apparently the "owners" of ICP are from this fraternity. This indirectly makes it clear that this cryptocurrency has "immunity from vaporization" and certain people have a non-speculative plan for it. Previous trade idea on this coin (reversal of this trend). ICP/USDT levels to work with.
by SpartaBTC
15
ICP/USD - First target hit! Can it got to $100?🚀ICP did not disappoint. After some choppy price action ICP finally pumped with a great candle today that took us to the first target as already indicated in my last ICP idea. :) This level at $55 should server as a temporary resistance, but eventually it will break to take ICP higher. The more relevant target is just under $100 which is a great psychological level and also a key resistance on this chart. Bias remains very bullish on ICP and I expect some excitement as we go higher. Indicators are also bullish, so we are looking healthy here. Enjoy the ride! Like and follow if you liked my idea!
Long
by DU09
1
MY NOT SO MINIMALIST ANALYSIS FOR INTERNET COMPUTER COIN$ICP 11.04.21 1852H +8 SINGAPORE ALERT: ENTRIES, PARTIAL EXITS, EXITS, and MAXIMIZED AREAS OF VALUE The market is contracting Midway of the RSI and nowhere to go down but UP! I think it will make a significant DIP to ts LOWEST PRICE, attracting more BUYERS for a PARABOLIC to HAPPEN! Just Keep watch of Volume and Price action Happening during a COIL. READ INSTRUCTIONS BELOW to maximize your trades! Happy Hunting! Disclaimer: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice. "FOLLOW THE WHITE RABBIT!" Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE HOW TO USE THIS MINIMALIST CHART Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.) It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it. TARGET ZONES IDENTIFICATION The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points. These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS and if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE -CONSERVATIVE (If price action conditions are right.) At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market. Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS (ABC), Price Action, FIB LEVELS, Market Dynamics, and especially trading psychology. Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work. Much thanks to My 3 Mentors! Note: Master your Trading Discipline , Trader's Psychology and Institutional Trading Psychology
COINBASE:ICPUSDLong
by The_Crypto_Samurai
5
MY MINIMALIST ANALYSIS FOR INTERNET COMPUTER$ICP RE-ADJUSTED CHART 11.05.21 2225H +8 SINGAPORE Disclaimer: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice. ALERT: AN AREA OF OPPORTUNITY FOR AN ENTRY! ENTRY AT ORANGE PRICE PRICE MARK INDICATOR (RUST.) Watch Volume Indicator and Price action at PRICE MARK. Beyond parabolic price can double maximized target area of value. INDICATED ARE ENTRIES, PARTIAL EXITS, EXITS, and MAXIMIZED AREAS OF VALUE "FOLLOW THE WHITE RABBIT!" Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE HOW TO USE THIS MINIMALIST CHART Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.) It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it. TARGET ZONES IDENTIFICATION The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points. These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS and if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE -CONSERVATIVE (If price action conditions are right.) At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market. Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS (ABC), Price Action, FIB LEVELS, Market Dynamics, and especially trading psychology. Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work. Much thanks to My 3 Mentors! Note: Master your Trading Discipline , Trader's Psychology and Institutional Trading Psychology
COINBASE:ICPUSDLong
by The_Crypto_Samurai
ICP – this breakout will double the price!Hello, everyone! Let’s take a look at the Internet Computer (ICP). It has a huge post-listing price drop and now it looks like the accumulation. According to Fibonacci retracement analysis for the last impulse move to the upside we can conclude that the price is in the Buy Zone. If the daily candle close below 0.78 Fib ($40) the bullish scenario is cancelled. If the price will break through to the upside from the current Buy Zone and Trendline Resistance the potential growth could be to the Fibonacci extension levels 1 and 1.61 ($98-$136). Another one evidence for the further growth is the Bullish Divergence with the Awesome Oscillator. This is the strongest signal in TA. We can buy now with the short stop loss below $40 or waiting for breakout confirmation to execute the long trade. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Long
by Skyrexio
6