EuroMotif

ICX.btc dig out of hole? Bounced EXACTLY as plotted now what ?

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BINANCE:ICXBTC   ICON / Bitcoin
See my Previous Analysis that caught the bottom EXACTLY (click).

Icon bounced where expected in the plot above.
Now we have a crucial Support that needs to hold.
And we have nearby Resistance that needs to break.

1898-1906 sats is the Crucial support that most not break.
2020-2025 sats is the immediate Resistance just above us.
1950-1952 sats would be the ideal Bullish bounce to see.

If we get move past resistance, I will plot targets at that time.
Too early to assume "bottom" is in, since many alts just keep diving.
Confirmation of bottom would break of 2k sats and retest with bounce.
コメント:
Quick Update

Broke through resistance and Pinged the fib just above It is quite possible that was the end of a wave.
Need to observe the retrace now, to gauge how deep it might go.

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コメント:
Making Strong Progress, some preliminary targets/hurdles have come to light: 2500 sats round figure will be a barrier by itself, but after that each fib level is worth watching.

Once things come into focus better, i will post a new Idea with tighter zones of interest.

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コメント:
Excellent Progress but Heads Up

We are nearing OutPost # 4236 .. Prepare for possible crash landing
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コメント:
Fib Utilization Example:

Based on the reactions as each of these fib ratios we can expect a reaction at the 4.236: and the 4.236 is the most common wave Ender.
ie: time to start safe guarding profits and/or selling into the fib area

.

Current Bull Flag breakout could send it past the 4.236 but I rely on my Fibs more that such patterns because I am not a pattern trader.

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コメント:
( ( < Ping > ) )

4.236 kissed as expected Now we need to see how far bulls might have to retreat (if at all).
But that 4.236 could very well be the end of this wave.

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