Targets (Based on Fibonacci Retracement Levels, all time low to all time high): 1. 0.008642 2. 0.010042 3. 0.013342 4. 0.016342 5. 0.018542 6. 0.020642 7. 0.024242
I would like to thank the Tradingview community for the resources they have provided me.
@Dangos Do you think the BTC rise is going to slow down the breakout for ICX? If yes, please help me understand how?
What is the right strategy in this situation?
Take out the money from ICX at the stop loss and put it in BITCOIN or just HODL?
Dangos
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@XVGTRON, since ICX is a relatively new coin (just started trading on binance a couple weeks ago) it is subject to high volatility. I will stick to my technicals, but will definitely revisit this coin. From seeing its strong financial backing, I predict great things for this coin in 2018.
YV2020
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@Dangos, You were just bang on. ICX is on a roll :)
How certain is it that after reaching a target there is going to be a correction every time?
YV2020
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@XVGTRON, Also, do you think it is a good idea to sell some of my profit once the first target is met and buy it back when at the dip during the correction?
Dangos
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@XVGTRON, I see a potential cup and handle forming in the 4H chart, so this is just the beginning!! It is never certain that there will be a correction after every target. The targets are there to minimize my losses in the event of a crash. Lastly, I will adding to my position at every favorable dip position.
Is it possible to come up with the timelines for the above Targets? Example - maybe in a weeks time we can expect ICX to hit the first two targets.