BotTrigger Crypto Trade Alert: $ICX Icon added here @ .0004150 ฿ ($3.73) on the Binance exchange. To make room for this we are selling the entire position of $STORM & $REP as we believe that position has a better future being staked long on Icon. We are also selling half of our DASH position which frees up a little more than 10% in new BTC. This now makes ICON our 4th largest position (right behind NEO) across the board. If we get our pullback (see chart) anywhere near the Fibonacci Retracement Zone areas of 38.2% - 61.8% level then we will increase our position yet agin.
BotTrigger Crypto Trade Alert: $EOS added here @ .00078211 ฿ ($7.06). To make room for this we are selling 25% of our Ethereum. Like ICX, we will look to accumulate more on it's next relative pullback.
EOS not only has raised more money to date than any other ICO, and not only is that ICO still going on until June, but they have their own EOS venture fund that is tasked with giving away about $1.2 billion of capital to other Venture funds who are responsible to head-hunt, vet, & $fund out aspiring projects that want to build on the EOS platform. In other words, EOS is building a butterfly garden that attracts all the butterflies (Developers) to their garden (Blockchain platform) to build. By far the most critical component to the longerm viability and success of a blockchain are NETWORK EFFECTS. Ethereum & Bitcoin have it more than any other. In order to really stimulate network effects one sure fire way of ensuring that developers build on your platform is by showing them the money. EOS' war chest of cash / ether, along with their $5+ billion market cap, gives them a huge advantage over perhaps any of the blockchain platforms.
ICON EVIDENCE FOR HIGHER:
→ Largest Volume Day Since the Binance launch day coming in off the bottom of bottom of a downtrend + followed with a bullish eclipsing candle bar doesn’t get more obvious than this.
→Bullish Crossovers are occurring on the daily chart on both MACD & the Stochastics indicator.
Expect some back & fill pullbacks however as this downtrend from the all time high of $12.06 to $1.73 is sure to still cause some volatility as ICON makes whole the bevy of sellers that will likely look to sell along the way. In other words, be patient while the uptrend gets restored.
→ ICON being listed on 2 prominent Korean exchanges is a big deal as it speaks to the confidence & bullishness of the Korean people. What's more, Korea's WON currency KRW is among the top 10 in trade volume consistently month over month. In other words, KRW money is globally a stout source of crypto inflows.
→ There are 6 new ICOs & Dapps being launched on the ICON platform in the coming months.
It's one thing for Icon to trade off speculative demand, but it's an entirely different era to be part of a coin that will have real intrinsic & consumptive demand as ICON as actually purchased to fuel ICOs and then those very dApps will start to fuel their own project's footprint running off of ICON's blockchain fuel. Take notice of how ICON starts trading once the ICOS are formerly in the Q.
One thing that might not be known to a lot of people about Icon but is incredibly important to know, is that they are a blockchain company under the parent umbrella of Dayli Financial Group, one of the largest Fintech companies in the world (600+ employees), with 25 companies under their umbrella. Two of those being blockchain companies (Coineone and Icon.) Icon’s “The Loop” was researched and developed for the past two years between Icon and three of Koreas top Universities. This project was actually funded by the Korean government through a grant, which should help people understand how serious the Korean government is about growing blockchain technology.