Neo / Bitcoin
Short
Updated

I'm out for now

I just think that the ONT token airdrop will be more like base jump for NEO, and with this H&S... It is note very risky to sell at ATH, and I think NEO will follow the same path as the other alts, it was just dalayed due to some great news (Weiss raked it A-) and also with the ICOs coming around the corner. It's a great long term investment, so I'll grab some quickly on it's way down.
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Here are my targets for the correction of NEO, with my optimum entry point being at around 0.006 BTC. However, if the H&S does not realise, I would consider other entry points, considering that there is no FUD on this coin right now (it is quite the opposite actually) it is possible that it will not go that far, and have a strong rebound at the MA. Let's see how it plays out!
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So far so good! I'm not buying for now, I don't want to buy a falling knife , and I think there is room to go before a reversal, even more with BTC dominance rising. So let's see if we can have a better discount ;)
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First target of the H&S reached, congratulation guys!
Now I'm looking at the chart and I notice this beautiful trend line in green:
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We can take a small portion here at the 200SMA, and wait for the fib level and the trend line.
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BULL flag in formation, next target to sell 0.0095sat!
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Touch the golden trend line! If it drop below you can expect a bounce at 0.00555sat or 0.0046sat, and if it the case, buy at will...

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China will open the flood gate one day, so stake up on those Chinese coinz! ;)
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The fight is intense, will we hold the trend line?
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RSI screaming "BUY MEE!", but you can wait for a trend reversal to play safe.
We are below the trend line, always the best time to go long because we hit "dispair" mode:
BUY AT WILL!
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Falling wedge spotted, have yet to breakout!
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RSI divergence is huge! I expect the bottom to be near, but BTC is the place to be with ETF rumours, so let's wait and see

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Ascending triangle spotted, we may have a bottom guys...

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