SUMMARY
When is the best time to buy? At the terminal end of an a,b,c Elliott Wave correction. The below chart shows exactly that! ICN placed a beautiful impulse set of white waves 1,2,3,4,5. Elliott Waves states that after a five wave impulse, there is a requisite three wave retracement. The red a,b,c labels show that this retracement coul, if not already, be done! Therefore, building an entry ladder now would ideal! If there is one more dip to around $1 or $0.98; then even better as your ladder rungs will capture them! Target is $4.50 or about 380% profit potential? Who wants this? ICN is very similar in chart to BTS!!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: 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.**
I find the concept of ICN entirely unconvincing when after all the magic of crypto at this time lies largely in the volatility and the ability to jump from one coin to another... investing in a predetermined mix seems not just counterintuitive, it robs me of my freedom to react to the markets... in a time of high volatility, ICN should stay mediocre, while in a time when most coins tank, it will obviously tank also, diversification gone wrong... so I wonder if Haejin's thesis that the Elliott wave principle need not care about such details is correct - it would mostly be, in fact it is, but here might be a typical exception when people who just look at a coin's development according to wave reaction and those who understand the background might not react in the same way and where knowledge about both might lead to a perfect prediction - and the explanation why less people than expected buy in ;)
I too have similar opinion. ICN is a waste of a project. I wouldn't want to touch this with a 10 foot pole. We might see some ups after all the downs. But I don't see much of a future. So I'd stay away just to be safe.
i'm already in BTS. it's a good idea to diversify but i'm more comfortable investing in a project that i believe in long term
I was looking at BTS just now and the one thing that irritated me was that since two weeks, the volume totally dropped out, there's nobody alive left right now - I've never seen so much red on a chart.
i sure hope so, it has been a long time coming for ICN