ICPUSD trade ideas
ICP, Moon Phase andtrend toolsHow I determine the price action.
* tools...
1. SMA's ( simple moving averages)
5,10,15,20,40, section 1
50,75 section 2
200, 233 section 3
2. Fib's
a. Trend fib
b. Retracement fib
3. * Moon phase ( InSillico's 4 season)
4. BTC and news.
I start with where is the price in relation to the 200 SMA on the big picture 12 hour time frame. Is the price Above or Below.? Close or Far?
Now I look for what Sma's give the most support.. the most touches but dont break.
Place your Trend FIB. at the first place it crosses and closes above the 200's sma. it has to stay above it for this trend to be considered continuous. then extend to the highest and lowest point and now you have the trend ... keep moving the high and lowest points and the Complete move develops.
NOTE. if this was btc and it closes below the 200 sma even for a short while I would consider the move over and new one starting.
Now once you have that established. Look for a Pattern.. this is kind of subjective because some are not very clean or apparent or maybe you have two competing patterns.
Now what is BTC doing.. going up going down, sideways? and is there News... whale action, hacking, FUD, ect .. You will have to filter this info according to what you see with the chart you plan to trade.
On this chart I noticed the moon phase what working pretty well. but oddly I saw the equinox action but only saw it as a singular event. ... now that it took off I was happy but decided to look back further and the winter solstice gave some serious action too and then the full moon gave some great action too. unfortunately not all the way tot he new moon but that is what stop losses are for.
Lesson .. always keep a sharp eye for the previous action for possible future out comes.
Cryptolean Internet Computer ICP UpdateICP is trying to push into the bullish territory in the daily chart above $13.54.
A bullish daily candle closure above $13.54 and a sustained price action above this level will result in a move towards the key daily resistance zone of $15.27-$15.94.
An inability to sustain the price action above $13.54 will lead to (1) a dip into the daily range zone where ICP price action will be choppy and (2) a slow move to $12.06.
Bears will be more active towards $10 upon a bearsih break-out of $12.06.
Cryptolean Chainlink $ICP Update After being unable to re-claim the key resistance zone of $15.27-$15.94 and forming a double top, ICP declined sharply to $12.06, the key daily support.
A bullish reversal from $12.06 is likely, assuming we see back bullishness in Bitcoin, and will result in a move to re-test $13.54, however the price action may be slow and choppy.
A bearish break-out of $12.06 will push ICP price in the bearish territory and will increase probability of a deeper correction towards the key support zone at$9.66-$10.33 and, possibly, lower to $8.06.
Intraday Chart
The ICPUSDT 4-Hour chart is bearish and trading very close to the key intraday support zone at $10.62-$11.43.
(1) A rejection of $12.58 or (2) a bearish dip and a bullish rejection of $10.62-$11.43 will lead to a upward move towards $13.54 and, possibly, higher to $15.32.
A bullish break-out of $12.58 will push price to re-test $13.54 and possibly $14.43.
Support once read!
Thank you.
ICP - Easy +40%? Hi, this is my new update for ICP. In the past 2-3 months altcoins have exploded more than 100% each, but ICP has been very stable in this beautiful ascending triangle.
As you see we are getting very close to the end of this triangle and we are going to see a big breakout in the next couple of the days. The probability that it will breakout upside is much higher.
I expect once we break the resistance 14.50-15.50, then we are going to fill the gap in the blue box around 19.70 - 20.70.
Watch closely once we breakdown the red trendline then we have lost both the 20 & 50 EMA and things will get little bit complicated and we should consider sell.
My TOP10 project list - pick number 8/10After an extreemely hyped up ICO, FTX exchange helped to push up the price to extreemes, giving Venture Capital Funds the exit liquidity to dump their tokens.
Seed investors paid 0.036 $ (3 and a half cents) and had the opportunity to sell at around 720$ making a 2000 x from their investment !!
An almost 1000 day long dump followed the lunch of ICP leaving the investors with the feeling of a scam. Nobody was interested anymore and almost nobody is aware of the extraordinary and unpaired technology that represents the Internet Computer Token !
Recently the price appreciated 450% in 60 days with huge volume, showing that this tokens does not belong to the digital cimitery.
I kicked myself for not holding the 1000 tokens I bought for 2900 $ (which seems to have been almost the perfect bottom). Besides the woulda coulda shoulda, I am willing to accumulate this token around 11$ because I think that it has a great potential nonetheless.
Cross chain swaps, data storage, internet hosting are only a few from the many capabilities that this World Computer has. ICP could even host Bitcoin or Ethereum onchain and has a real chance of becoming the World Computer that Ethereum aspired to be. Whereas I think Ethereum is a broken technology, I believe ICP has some legs.
Not sure if the price of the token will fall back in the accumulation range below 8 dollars and 30 cents. Bullish as I am, I am willing to wait for that outcome.
Next pump will melt facesLook at that weekly. Consolidating after exiting the bottoming range in the beginning of the bull market with the seed unlocks going down from 3 to 1 mill coins a month in April. Hesus. This is going to pump.
Probably to $50 without a red week. Im bullish if it wasn't clear enough.
Price breakout, bull momentum incomingBreakout and retest of ascending triangle happening with a sign of strength at the breakout. Retest happening. Would not be surprised to see price hit the local high a few times before smashing to the resistance @23.60 as target one.
Disclaimer: Not financial advice, dyor.
If you have been around you know what ICP can do in a bullLets say that we have a standard bull run and we go to 8 trillion MC for the entire market. And now lets say CRYPTOCAP:ICP captures 2% of that as a normal successful blue chip project. That is 160 bill MC. That is approximately 350 bucks per ICP. Totally realistic.
Lets look at an optimistic scenario. Lets say that crypto surprises everyone to the upside and we go to 14 trillion MC. And lets assume that ICP gets hyped and captures 3% of that. That is 420 bill MC. That is approximately 918 dollars.
Obviously we are not going to sell the top of the moves, but we can manage to sell at 50% off the top.
So for these scenarios to play out, first of all the market needs to go in to a decent to raging bull market. And you need to time the top with your stakes. This requires skill and luck and is not what most people are going to capture.
ICP is coiling for another massive moveICP did more then a 5x from the bottom and is now consolidating at 4x in a bull flag pattern. The next move could be really fast as well. I would be surprised if we double from current prices in just month/ month and a half.
Not that i can do anything about it. Im staked.
$ICP LONG PLAYCRYPTOCAP:ICP settled nicely along the the EMA and Gaussian Channel. This looks to be a solid short term ascending channel. Bulls are gearing up for a break past the $16-$17 range, to apply the pressure.
Looking into ICP's technology, it is nothing short of fascinating in comparison to industry competitors and worth another deep dive by all investors at current prices.
ICP's Potential Disruption in the Cloud Market:Get ready for a shake-up! ICP, a blockchain technology, offers unique features that could disrupt the cloud market:
Sovereign Chains:
Each application enjoys its own secure chain, boosting privacy and control.
Data Ownership:
Users control their data, attracting privacy-conscious organizations.
Community Governance:
Open and transparent governance fosters trust and participation.
Scalability:
Sharding architecture avoids performance bottlenecks.
Dynamic Scaling:
Individual chains scale independently for flexibility.
New Use Cases: Powerful dApps like data marketplaces and secure collaboration platforms emerge.
Interoperability:
Open-source nature attracts developers building cross-chain solutions.
ICP is poised to challenge the status quo.
Vitalik's thoughts
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Disclaimer: This information is for general informational purposes only and should not be construed as financial advice.