To me this chart looks like when Bitcoin was hanging around $3000-6000 USD for half a year. The collapse from $6000-$3000 USD is reminiscent of ICP's huge dump when it first went public. Right now I am willing to bet that ICP is right now in a accumulation range by smart money, some will laugh and say ICP has lower to go. These are the same people that insisted that Bitcoin MUST dump to $1800 USD instead of slurping up as much cheap $3000 USD bitcoin as they could. Remember that people are most bearish at the bottom when logic argues that in reality they should be the most bullish!
Note
I guess it did have lower to go after all!Still, that just means to me that ICP is a even better buy then when I first posted this idea. Massively undervalued!
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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.