ICONOMI (ICN) is Readying a BULL Setup!! Check out this Analysis!!
SUMMARY
ICONONMI (ICN) is due for a correction. However, it's quite beautiful as the setup would be highly bullish. The key is to view and understand these corrections as a gift...an invitation to BTFD. That means you need cash! Constant sustaining of 10% to 15% of a portfolio as USD or EU would be ideal as it would empower you to step in and buy the dips while the "innocent and the idiots" are freaking out at every few percentages of decline. I really like ICN and once the wave 2 correction is complete, it would be an ideal setup to catch the wave 3 towards $17.27 and then wave 5 at $21.74 or higher!
The ICN/BTC is also about ready to correct and the synchronicity to ICN/USD is quite bullish. Often, the /BTC pair lags the /USD pair; however, the synchronicity reflects that demand for ICN could outstrip the rate of coming rise of Bitcoin. Target is set at 91,754 Satoshi.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Great! I've been buying this one since 16500 Sat! :-D
By the way, I believe Kyber (KNC) will travel a very similar path to this one. I've been buying it since 7000 Sat... and still not selling! :-D
Thank you for a wonderful analysis
Lining up nicely today
Whats about steem or sbd price sir?😥😥
Don't worry! We've got the fundamentals. Any dip is a good thing for us, since it provides more chances to accumulate. :)
ICN and sir too?
Thank you Maestro. That's what I was expecting :)
it seems that after the BTFD, there was another BTFD @haejin please update STEEM
BTC still moves the crypto markets, so in case BTC dips further as shown in @haejin's alternate count you can expect lower lows. keep track on btc
This one is a great long term project
I'd like to see an analysis on ADA and EOS after their peer reviews of one another
Your analysis can also show when to get out of a position? Wonder with the strong correction /crash happening, your take on major cryptos?
Could you please do an update on Omisego?
Great ! What do we have to say about GNO/BTC ?
It looks to me another great Couple and Handle .... take a look ...
Thanks Haejin.
So much is happening in crypto lately. Thanks for this @haejin. Still learning though.
Thank you, much appreciated !
ICN is on my to do list since a long time ;)
Ooooh Great! Thank you for analyzing Iconomi.
I was pondering about whether or not to ask you to do that. Glad I was patient :)
It's one of my longest holds and the 2nd Crypto I ever purchased about a year ago.