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February 2023 Internet Computer (ICP) Predictions (Public Version)

Updated: Jan 30, 2023

Month’s Theme: A fast, sudden move higher crossed with erratic behavior back and forth through the same price level. In the midst of that erratic behavior we’ll revisit a crest that was recently a past opportunity.

Behavior Around the High: Some price swings.

Behavior Around the Low: We’ll establish key support on a multi-day scale. Out of the low, there’s a big move to the upside standing out on a one-month scale and we’ll establish support at a higher level.


Week One (2/1-2/5)

On February 1st, we’ll have sideways rotation that increases with bullish momentum as we move forward into the day. On the 2nd, we’ll decline through a support level to meet a second support level and then rotate sideways along that support on the scale of a multi-day chart. On the 3rd, there’s a failed attempt to break through key resistance that we recently failed to break through. That’s followed by a false establishment of support. On the 4th, there’s an unexpected move to the upside toward the end of the day after a bit of a decline. That move to the upside may continue into the 5th. I’m advised to open up protection around the cusp of the 4th and the 5th. On the 5th, we’ll rally along a diagonal trend line increasing with momentum as we move into resistance. That’s followed by a notable decline off of that resistance level.

Week Two (2/6-2/12)

On the 6th, there’s sideways rotation and a prominent trough, by prominent meaning it’s not the lowest low but it stands out on a chart. There’s also a fast, sudden move higher marking the end of that sideways rotation. On the 7th, we’ll be bumping along resistance and see a prominent crest or peak for the month on the 8th. From that crest or peak there’s a notable decline. On the 9th, we’ll have a fast, sudden move higher early in the day after establishing support on a multi-day scale. We’ll then break down through a key support level into a prominent low that’s likely late on the 9th or early on the 10th. We’ll decline into the 10th. We may revisit a crest on the 10th or 11th. There’s a key resistance level highlighted on the 12th. We’ll decline pretty significantly from that resistance level.

Week Three (2/13-2/19)

On the 13th, we’re bound by the upper end of a range. That’s followed by a sharp dip after some sideways rotation. On the 14th, there’s a notable move to the upside. On the 15th, there’s a sideways S-formation and a fast, sudden move higher standing out on a one-month chart. On the 16th, we attempt to establish support at the upper end of a range. On the 17th, there’s a period of volatility that ends with a fast, sudden move higher. That volatility continues into the early morning on the 18th, and there’s an unexpected move higher and a prominent crest or peak toward the end of the day. There’s a sharp decline through multiple support levels on the 19th.

Week Four (2/20-2/26)

There’s a big move to the upside overnight on the 19th or early on the 20th. There’s a prominent crest toward the end of the day on the 20th. There’s also three pokes through the same price level followed by a sharp decline after the third poke on the 20th. On the 21st, an important resistance level is highlighted and volume flattens out a bit around that price level. We’ll have bearish price swings on the 22nd with a sharp drop that will stand out. On the 23rd, we’ll rotate sideways along key support on a multi-day chart. We’ll rise to meet the nearest critical resistance and then fall back down to support and continue rotating sideways. On the 24th, there’s a prominent crest or peak late morning and there’s a sharp dip amidst some intentional misdirection that’s indicated through a chart pattern. On the 25th, we’re rallying along a diagonal trend line before a fast, sudden move higher and a sharp drop through that diagonal trend line with increasing volatility on the way down. There’s a prominent crest or peak on the 26th in the midst of multiple failed attempts to break through key resistance. There’s also a notable move higher toward the end of the day on the 26th.

Week Five (2/27-2/28)

There may be another month’s high around the 27th or 28th. There’s a decline that ends with a fast, sudden move higher on the 27th. There’s some sort of decision between two leaders that’s highlighted on the 28th and that’s possibly accompanied by a pop and drop.

Sneak Preview

There’s a resistance level highlighted in March. It may be the same resistance level that we see between the 20th and 21st of February. My sense is that something important, either positive or negative, happens between the 8th and 12th of March.

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