ICX ICON - Jan 31 Technical Analysis - Patterns stays true, But Summit Disappoints Holders

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·@philakonecrypto·
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ICX ICON - Jan 31 Technical Analysis - Patterns stays true, But Summit Disappoints Holders
<center>![](https://steemitimages.com/DQmaCY1wgwKmqCQBDgau1E9yR9abUqFvNUsdhR9QzaJVqfF/image.png)</center>

<center><h2> WITHOUT RISK, THERE IS NO POSSIBILITY OF REWARD</h2></center>

https://youtu.be/7cgeQS7_OH4

We see a major disappointment at the Summit as the price drops 20%. Though we see the pattern holding true and a possible ABCDE correction now is my alternate count. I have personally  filled my orders at 72,000 Satoshi because I believe that without risk, there's no possibility of reward. There are no guaranteed trades, only trades where we risk our money to potentially profit. We must understand this as traders and leave the mindset of, "I must win every trade," which is guaranteed to be a losing mentality.

![](https://steemitimages.com/DQmXAKU9gC9LM4tcpGBWubbk5tvw8MS3Bv2Zj6PgsFcYhST/image.png)
<h2>Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders</h2>

Please consider these videos:

[Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex](https://steemit.com/bitfinex/@philakonecrypto/bitfinex-how-to-customer-and-set-up-bitfinex)
[Lesson 2 - How to Analyze Candlesticks Charts with Strategy](https://steemit.com/reading/@philakonecrypto/tutorial-part-2-how-to-analyze-candlesticks-charts-with-strategy)
[Lesson 3 - Moving Averages](https://steemit.com/trading/@philakonecrypto/video-tutorial-series-to-help-beginners-let-s-learn-moving-averages-like-a-boss)
[Lesson 4 - Relative Strength Index RSI with Advanced Strategy](https://steemit.com/bitcoin/@philakonecrypto/tutorial-series-video-4-let-s-learn-relative-strength-index-rsi-with-advanced-strategy)
[Lesson 5 - MACD and Histogram](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-5-let-s-learn-macd-and-historgram)
[Lesson 6 - Margin Trading Long, Short, Leveraging](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-6-let-s-learn-margin-trading-long-short-leveraging)
[Lesson 7 - Basic Risk Management](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-7-let-s-learn-basic-risk-management)
[Lesson 8 - Fibonacci Retracement Part 1](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-8-let-s-learn-fibonacci-retracement-part-1)
[Lesson 9 - Fibonacci Extension Part 2](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-9-let-s-learn-fibonacci-extension-part-2)
[Lesson 10 - Laddering](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-10-introduction-to-laddering)
[Lesson 11 - How To Interpret Time Frames](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-11-let-s-learn-time-frames)
[Lesson 12 - Swing Trading Advanced 55 EMA Strategy](https://steemit.com/bitcoin/@philakonecrypto/lesson-12-let-s-learn-advanced-55-ema-strategy)
[Lesson 13 - Introduction To Elliot Wave Theory](https://steemit.com/bitcoin/@philakonecrypto/lesson-12-let-s-learn-advanced-55-ema-strategy)
[Lesson 14 -  Using a Basic Excel Tracker for Risk Management](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-14-using-a-basic-excel-tracker-for-risk-management)
[Lesson 15 -  Tutorial Part 15 Automatic Stop Sell/Buy Executions](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-14-automatic-stop-sell-buy-executions)

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