The Missing Pieces That Could Make ICP and MULTI/DEX Explode! - ICP News

[00:00:00]Okay, hello you beautiful people.

[00:00:02]Welcome back. In this video, we want to check out ICP's price chart. See what is going on in the short term and what might be the next likely move. And a spoiler alert. You may not necessarily like what I'm about to tell you, but before we get into that, let's talk a little bit about multiex. And as you can see, I finally managed to sign in. And once again, I'm going to say the interfacing here looks a lot like what we have on Hyperlquid. And the thing is, Hyperlquid, I'll be honest with you guys, actually looks a bit better. Why is that? Well, okay, as you can see in ICP, again, the UI is very much similar to Hyperlid. However, Dominic specifically said himself that this thing is actually completely made by Caffeine AI. And the thing is, whenever you want to make a platform completely from scratch from 0 to 100 with an artificial intelligence, it actually does it for you. no problem at all. But the thing is it's actually going to be a bit rough around the edges. So for example, this is the order book on multi days and it works no problem at all.

[00:01:06]However, if I just go on hyperl. Okay, as you can see, we do have the spread in here and each row is separated by these lines right in here. So it seems like that the attention to details on Hyperlid again it's just a little bit better since these guys sure they have probably gotten help from artificial intelligence but they do have some developers to work on these small details also once again as long as this is not fixed I'm going to continue saying this as you can see the charts that we are having from Hyperlid they actually took this from trading view and every single tool in here is available on Hyperlidquid with no problem at all.

[00:01:47]However, on multiex, unfortunately, still nothing is available. So, I'm really hoping that they are going to fix this problem very very soon. And again, once more, this is the problem of using artificial intelligence to build a platform from zero to 100 without any kind of supervision. And I'm going to say probably they have actually told Caffin AI to build a decentralized exchange very much similar to what we have in hyperlquid and this was probably I would say more or less the result and you can actually even see the evidence in the logo right in here specifically I'm talking about the font of the logo.

[00:02:24]You see how this multiex text is actually a bit thinner than the other text. Yeah.

[00:02:32]In Hyperlid, we are having the exact situation. So, I think we can say they basically copied what was available in Hyperlid. However, they haven't really done, I'm going to say, a decent job. I do not get me wrong. This is definitely a solid start, but we really need to do a whole lot of work in order for this platform to be competitive. Why am I saying this? Because if you want to be competitive, you have to have a mode.

[00:03:00]Okay, let's say you are somebody that is trading on hyperlquid. If I show you this platform and tell you, okay, this thing exactly does the job of hyperlquid. Would you actually switch from hyperlquid to multiex? I'm going to say the answer to that question is probably no. But what if I tell you, okay, there are certain advantages using multidex. For example, you have an artificial intelligence which is highly highly customizable and also you are for example maybe able to do some more customizations in here in order to get a bit more comfortable with the tools and maybe we are having some more symbols in here to trade at that point. Yeah, you might say you know what I don't really mind trying multiex and if you like the experience you are going to as a result stick around and hopefully become a permanent customer. So the thing is multiex not only it has to be as good as other decentralized exchanges like hyperlquid or aster it needs to be a bit better than that okay very very important to understand and based on the things that we are seeing in this platform right now are we in that position I'm going to say the answer is probably not so in order to improve the experience in here I would like to have two very important suggestions number one like I told you earlier I would like to see some more customizations in the platform in here. And for example, I don't really mind if I'm able to maybe put the place order in like a horizontal way down here or maybe up here. And also, I would really like if I'm able to scroll this page a bit more. Okay, in Hybrid Liquid, yeah, as you can see, you absolutely have that ability. If I'm able to scroll a bit more, it would be like much much better. the whole platform is going to be cleaner and you are going to have a bigger chart in here which is very very important. Now another advice that I would very much like to give because I do think this actually has the ability to act as a mode actually comes down to intelligence right around this time. So as you can see this is your AI assistance and it's telling you that they are able to query the exchange polls positions the order book events so on and so forth and with your confirmation it is able to place orders or manage positions. So it's definitely a nice tool to have. However, here's the thing. I don't really want to change my tab in order to use artificial intelligence. Okay. What I really like to see is actually basically some sort of like a pop-up page. For example, if you go on Twitter, there we go. You see this croc right in here? If I just click on it, it actually comes up without the need to change the page and I can ask it whatever I want.

[00:05:43]This is I think the ideal setup to use artificial intelligence when it comes to trading. So, for example, imagine maybe we are having a pop-up in here. I click it, the AI comes up and I'm telling it maybe I want to open a long position in ICPUSD with this amount of leverage.

[00:05:59]This is my target. This is my stop loss.

[00:06:01]And I want the size of my position to be the amount that if I lose money, for example, I'm going to lose maybe less than half a percent of my total money. I would very much like to be able to tell AI these things and then tell it to just fill all the parameters in here. that would I think be a very very ideal setup and um okay this is a bit farfetched but I think with the help of artificial intelligence it's actually sort of kind of doable so you see this is a plug-in from trading view but can you also open a bit of a window under this chart and in there have traders specific indicators which is made with the help of artificial intelligence for example I could tell AI maybe um build me an indicator that creates a buy signal whenever at the same time in RSI we are under the 30 level and also in MACD we are under the neutral line and we are seeing a bit of a buy signal. If all conditions are met then okay put a green arrow on that specific candlestick and then for example you could open a long position with the help of AI as well. If they pull this off I think they are going to attract a whole lot of adoption since no other platform. Okay, very important point to understand. No other platform right now is offering such a tool. So this could certainly be their mod and I think they could actually attract a lot of users with this since building indicators is sort of kind of a bit expensive and if you don't know anything you have to unfortunately get help from some developers and again it's a bit pricey but if traders are able to build an indicator with the help of artificial intelligence and with no additional cost I think that would be absolutely fantastic for them and they will 100% use your platform also. So my final suggestion if you could maybe maybe partner with and bring some tokenized stocks in here maybe some tokenized treasuries that would I think increase the volume on multiex quite a lot since there are a lot of people who don't really have access to US market but they would very much love to invest in some big big stocks for example Nvidia SpaceX maybe soon OpenAI maybe soon Anthropic so if multidex is going to have them aail available with the help of I think they're going to see a very noticeable increase in volume which means what? Yep. Definity is going to collect a whole lot of fees and I'm not 100% confident on this yet but maybe maybe they are going to use a portion of the fees to buy ICP and burn those tokens and this could I guess be yet another nice deflationary factor which is what we all love to see. So overall again I still do believe this platform has a whole lot of work to do and it is very much rough around the edges but the potential in here if they listen to users is in my view absolutely insane. They just need to utilize artificial intelligence to have some tools available that simply other decentralized exchanges do not really offer them and also they need to get more and more samples on multidex. If they do only these two things, I think they're going to attract a good bit of adoption. So overall, I would say we are on the right direction, but once again, we certainly need a whole lot of work.

[00:09:30]Now, let's go on ICP's price chart and see what is going on in a very very short time. There we go. And if you remember the last time that we talked about ICP, I think the idea was that from these areas in an ideal scenario, we really do not want to see a good move on the downside in order to take the loss because unfortunately that is going to make the picture just a tiny bit complicated. And we specifically talked about in case we get big move down, the idea of having a starting from this point and not the highest something like an A B C expanded flat. And you know what? Since we got our move down, I would like to actually stand by that view. In my opinion, we could have an ABC expanded flat which looks like this.

[00:10:12]This is our initial move down into a correction for B which we are going to take this high and then we're going to have a very strong move on the downside into C which well we are going to also take the low of our A leg. This is basically a terrible terrible pattern.

[00:10:27]And for our sub waves, we're going to have ABC 2 A, ABC into B, followed by A 1 2 3 4 5 down A to C. Let's go on live chart and see what is going on right here. So I still believe this is a zigzag down. No problem at all. Now I'm going to argue probably this is a B2 about here and then another move on the upside into C and then what's happening in this area? In my view, there's a decent chance that we are having a one two at this point.

[00:11:00]Correction for two. Um, yeah, specifically I'm talking about an ABC running flat. Good move on the downside in form of a 1 2 3 4 5 into wave three correction for four. The end of it. Yep, it's going to be right in here. And right now we are having yet another move on the downside into wave five. And if we are bullish number one in this phase in the current phase to the downside we should not go down and take the lowest low down here about $24. Number two soon in ICP we want to see a rather strong bounce back in form of a 1 2 3 4 5 without a lot of overlapping of the waves. If we see something like this, great sign. At that point, we can entertain the idea of maybe having this region and a b c flat and on a higher degree this thing possibly possibly be a one [clears throat] two and then plus according to this thing. Yeah, you know it a big move up into wave three and four and five. Right now though, I think based on the recent phase now, it's a little bit too soon to be completely optimistic. I mean, do not get me wrong.

[00:12:08]on thinking one way or the other bullish or bearish since we are on our way to complete this specific five down soon we're going to have a move on the opposite direction which in this case is one on the upside but again the shape of that move is actually really key and what matters from our point of view the move itself honestly I don't really think it's actually tradable right around the lows it's not really that significant what really matters is the shape of that move if we get a strong bounce without overlapping the waves. Great sign. On the other hand, if we end up having a rather slow and timeconsuming move on the upside, which is going to take couple of days, okay, that's not really ideal. At that point, you need to be a bit careful since this might be fire down correction up. Well, it's essentially a direct setup suggesting the next move. Like it or not, it's going to be another good one to the downside in order to take the lowest low, which is about $2 region. But maybe we're going to end up going a bit slower. And the thing is because of the whole note provider rewards proposal, I'm not going to say that in ICB we are going to get like a massive bump on the downside in order to get to about maybe $15 region and stay there for a good period of time. Honestly, I don't really think we are going to do that. But I don't really mind if we end up having just another small move down, a very quick one to the downside in order to take all the lows and gather all the liquidity under here and then have an immediate bounce back and start a beautiful uptrend, meaning a fivewave [clears throat] up followed by a correction down. I think right now this could be a decent scenario to think about. And if I just zoom in a little bit more and maybe you know what, let's actually go on a less busy chart. There we go. So let's put the charts on logarithmic scale. As you can see in this area in ICP we are unfortunately having couple of lows quite close together. This is one 2 3 4 5 6 seven lows are quite close together. And I'm going to say probably there are a lot of stupid short-term traders who have opened a long position right around the current area and their stops are usually going to be under the loss for the majority of them and the price like it or not has a tendency to go down and absolutely destroy those people make them cry, gather all the liquidity and then at that point we are going to have a bounce and do the very thing that they already expected. However, unfortunately for those guys right in here, they are not going to be in the market in this space. They lost a good bit of money.

[00:14:42]This is actually a pattern that I have seen many many many many times playing out. So essentially I don't really mind if ICP ends up having yet another move on the downside and then we have a bounce back and at that point even in like very very short time this could be a bit of a white accumulation pattern which is a test of a support three times each time slightly setting a lower low and this could definitely be one of those patterns which means that after we hit our final low in here we are going to start a great looking up. So in ICP, the recent move on the downside, I'm going to say it. It wasn't necessarily an optimistic sign. I mean, do not get me wrong. There is still some proof to be optimistic. However, not with a lot of confidence. Right now, let's count on a bit of a move on the upside in the computer and let's pay full attention to the shape of it. If we end up having a 1 2 3 4 5, great sign.

[00:15:42]We're going to talk about it in the next update. On the other hand, if we end up having a rather slow and choppy and timeconsuming move to the upside, yeah, we're going to talk about it and we're going to say, you know what, this is just a bit of a bearish setup and the next move might be another one. And I hope I explained everything well and you understood what is going on in internet computer chart. And until the next update, I hope you have a wonderful time.