Internet Computer Protocol (ICP)

[Paragon2]

If you are experienced about trading, then surely you can trade on this platform. Red candles and green candles are created very quickly so if you want to trade then definitely trade.

[Mayajal]

If you are experienced about trading, then surely you can trade on this platform. Red candles and green candles are created very quickly so if you want to trade then definitely trade.

I've heard of the (ICP) protocol going back as far as $2800. This coin has ranged from very high levels to very low levels. So investing and trading on this platform can be a profitable way because there are huge investors on this platform.

[joniboini]

That looks like Binance UI. OP, are you saying this ICP platform is a trading platform that updates candlestick as quickly as possible, or are you trying to encourage people to use Binance to trade ICP? As far as I know, ICP is not an exchange but a blockchain ecosystem. Heck, some of their products are related to DEX.

That being said, doesn't candlestick creation speed depend on the timeframe? Most exchanges update their 5m candlestick as quickly as others afaik. If you want precision you can also use their API to get their data and then feed it to a bot if you want to do algo trading. CMIIW.

[Faisal2202]

If you are experienced about trading, then surely you can trade on this platform. Red candles and green candles are created very quickly so if you want to trade then definitely trade.

Wow! what great advice, sorry just trying to be funny but dear OP what's your main purpose of creating this topic, as it conveys nothing valuable? Its totally useless, but we (members of this forum) can add valuable insights on ICP. As I have shared before on this forum that ICP is a good investment, and I have seen it rising from $8 and now it sits at $19 BTW I did not know until this post that ICP has reached $19. That's a good recovery for the ICP. I used to trade in it in the last cycle when it was around $50.

What do you think is this token still has the potential to reach that target again in this bull cycle? Well, my POV is, market is highly volatile, but is bullish, and ICP already has recovered a lot, investors took entries from the $40 or $30 or $50 per coin, and they need an exit so I think ICP can cross that target. But it needs a little pump from the market, theyshould work on advertisements more.

[yhiaali3]

That looks like Binance UI. OP, are you saying this ICP platform is a trading platform that updates candlestick as quickly as possible, or are you trying to encourage people to use Binance to trade ICP? As far as I know, ICP is not an exchange but a blockchain ecosystem. Heck, some of their products are related to DEX.

I think the OP did not mean the platform, but rather the ICP token, and most likely he wants to point out the large trading volume on this token, which makes the candles change very quickly.

In any case, regardless of what is meant, it is not permissible to OP to provide trading advice in this way. Just seeing green candles on any coin does not mean that it has become good for investment. Everyone should make sure and do their own research before investing in any coin.

[Primo1760]

If you are experienced about trading, then surely you can trade on this platform. Red candles and green candles are created very quickly so if you want to trade then definitely trade.

Internet Computer Protocol (ICP) is a cryptocurrency not a trading platform. Maybe you have gained some knowledge about this coin and made some money trading that's why you are inviting people here to trade. I would say there are better coins to trade than you can focus on. Those who are experienced in trading never focus on one coin to trade focus on coins. I don't like the coin you mentioned here because it was in a very good position at one point and since then the price has been at a dumping low. I don't see the future of this coin very well which is why I don't want to involve myself in trading with the coin.

[jeraldskie11]

If you are experienced about trading, then surely you can trade on this platform. Red candles and green candles are created very quickly so if you want to trade then definitely trade.

Internet Computer Protocol (ICP) is a cryptocurrency not a trading platform. Maybe you have gained some knowledge about this coin and made some money trading that's why you are inviting people here to trade. I would say there are better coins to trade than you can focus on. Those who are experienced in trading never focus on one coin to trade focus on coins. I don't like the coin you mentioned here because it was in a very good position at one point and since then the price has been at a dumping low. I don't see the future of this coin very well which is why I don't want to involve myself in trading with the coin.

Actually, there is a big advantage if you focus on one coin because you will master the price movement such as wicks which is usually the reason of getting stop out. If you keep trading different coin without a screening, even though you all the criteria in your trading can be seen in that coin, the probability of winning a strade is still low.

[MrSpasybo]

Actually, there is a big advantage if you focus on one coin because you will master the price movement such as wicks which is usually the reason of getting stop out. If you keep trading different coin without a screening, even though you all the criteria in your trading can be seen in that coin, the probability of winning a strade is still low.

Yeah, I also think that traders who focus on trading a few specific tokens will gain a lot of experience in analyzing their price movements. Our understanding of technical analysis is only general, while each token has its own price behavior, as they are manipulated by different market makers. There are tokens that are represented by long-term accumulation before growth, while other tokens often have violent pump/dumps and only those who focus on trading them can detect and pay attention.

Anyway, the market has enough opportunities for everyone: traders can choose to invest in a few specific tokens or invest in the available opportunities in the market regardless of which token it is, as long as that approach meets their profit expectations 

[Stompix]

What do you think is this token still has the potential to reach that target again in this bull cycle? Well, my POV is, market is highly volatile, but is bullish, and ICP already has recovered a lot, investors took entries from the $40 or $30 or $50 per coin, and they need an exit so I think ICP can cross that target. But it needs a little pump from the market, theyshould work on advertisements more.

Doesn't always work like that, think also from the now eager buyer's perspective!
He knows investors have a 40$ sell bracket, then he knows the moment it comes close to that it's a chance for him to get buried in sell orders, so anyone with that mindset would buy now and dump well before that at 38 or 39, cause that's how you take advantage of pump and dumps, being filling before but also dumping way ahead of others.
And ICP was trading at over $100 at its start for over a month, and it's a coin with no cap with 5% inflation!

The best way to not get fleeced when investing is to think what other traders can do that could hurt your own plans if they have a different mindset!

[jeraldskie11]

Actually, there is a big advantage if you focus on one coin because you will master the price movement such as wicks which is usually the reason of getting stop out. If you keep trading different coin without a screening, even though you all the criteria in your trading can be seen in that coin, the probability of winning a strade is still low.

Yeah, I also think that traders who focus on trading a few specific tokens will gain a lot of experience in analyzing their price movements. Our understanding of technical analysis is only general, while each token has its own price behavior, as they are manipulated by different market makers. There are tokens that are represented by long-term accumulation before growth, while other tokens often have violent pump/dumps and only those who focus on trading them can detect and pay attention.

Anyway, the market has enough opportunities for everyone: traders can choose to invest in a few specific tokens or invest in the available opportunities in the market regardless of which token it is, as long as that approach meets their profit expectations 

Yeah, I have heard some people also invest in some coins while into trading. Maybe they put their profit from trading into spot account and choose some coins that have a good potential such as Solana. Of course, the capital they use is huge unlike the capital they use in futures account. I believe that you are profitable in trading and I think you also have investment.

[bettercrypto]

This ICP has been around for a long time, and I actually researched it and saw it as a potential that could bring good profits in the future. 3 years ago, its ATH was around 700 dollars, which was the 2021 month of May, according to https://www.coingecko.com/en/coins/internet-computer.

So this means that it can rally when Bitcoin's price value in the market starts to rally again. Then its market cap is quite large, so I think it is possible that its previous price will resume from the previous bull run or more. Next week, I will start to accumulate it.

[Power420]

When the Internet Computer Protocol (ICP) token was listed on the exchange, it was very popular and its price was very high. But currently it has come down due to the market conditions and currently it is at $17. And it is very likely to return to the previous price again in the bull market of 2025.

[joniboini]

But currently it has come down due to the market conditions and currently it is at $17. And it is very likely to return to the previous price again in the bull market of 2025.

Are you referring to the ATH or something else? Because $700 sounds way too far off to reach in one market cycle. Is there any fundamental change that you believe can make it happen? I doubt it will return to that price point if nothing changes significantly. Maybe it can reach $100 or more, but it is a bit of a stretch as of now to believe it will get a new ATH when there are tons of other altcoins out there with probably better fundamentals since the market has changed.

[Faisal2202]

The best way to not get fleeced when investing is to think what other traders can do that could hurt your own plans if they have a different mindset!

That's a good point that you have pointed out, that's why trading is for smart guys (not buttering) but still, not all traders are smart and the abundance is newbies, who are eager to become rich overnight or in a single cycle. BTW even if they sell before $40 or $41 like they will sell around $38 to $39. Then the price will decrease again. But still how it will come up again? Plus besides these smart investors, those old investors might also tend to book their buying at the price of $38 to $39.

So according to your POV, these old investors booking profit at 38 or 39 must also be considered smart as they prefer less loss than losing it all. What do you think? Overall, long-term and short-term investors also have an influence, and afterward, the narrative of the project is also a factor that drives the price of the token. So overall, long-term investors all ways or I must say %90 make a profit.

[gunhell16]

But currently it has come down due to the market conditions and currently it is at $17. And it is very likely to return to the previous price again in the bull market of 2025.

Are you referring to the ATH or something else? Because $700 sounds way too far off to reach in one market cycle. Is there any fundamental change that you believe can make it happen? I doubt it will return to that price point if nothing changes significantly. Maybe it can reach $100 or more, but it is a bit of a stretch as of now to believe it will get a new ATH when there are tons of other altcoins out there with probably better fundamentals since the market has changed.

Well, anything can happen here in cryptocurrency. You know that the market is unpredictable; it has happened before and it can happen again or more. There may be many who still doubt that it can return at such a price, but you know the volatility that exists in the crypto business often surprises the community.

And it often happens that the one that the majority of people think will never go up like that is the one that often has a sudden rally in its price in the market.