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NEO

The BITCOIN Correction You May Not Have Seen (Wave B is 29-58k)Hi Everyone, I just wanted to shed light on an Elliot/Neo Wave count that I have theorised since finding support at the 43k USD level. Now hear me out, as this does sound bizarre, however keep in mind that if this wave count is true, it projects an influx of major yet to be seen growth to BTC and is more incredibly bullish with massive upside potential than what price action we have already seen unfold to date. Lets cut to the chase... My observations are as follows, We may have just finished the Wave 4 correction at 43k USD. This correction may not have started at the 58k high though as many are portraying on the charts (I say we have actually completed it). I do believe at this point of time that wave 4 correction may have started at the peak of 42k USD (8th Jan 2021) and has just finished at 43k USD (1st March 2021). This means that the rally that unfolded from 29k to 58k was the 'B' correction wave and if this is the case this indicates extremely bullish future price movement yet to be observed on BTC. It is my personal opinion that there was a lack of impulsivity during the run from 29k to 58k (yes we did see upward price action however this unfolded with corrective nature in the middle of what should be rapid growth). In the direct dead centre of this 'supposedly impulse' move. We noticed a stretched channel of sideways price movement which has differed to the same corrective behaviour as seen in previous fractal corrections. I see corrective nature unfolding in the dead centre of this wave that majority may turn a blind eye and expected the mass psychology of extreme growth through a wave 3 when making new ATH's. WE DID NOT SEE THIS... The large green candle at the start of wave B was beyond normal price growth as Elon Musk updated his twitter bio to #Bitcoin as we know and caused rapid growth immediately. also the large green candle the following day was when Elon announced an investment of 1.5bn USD in BTC. It's also highly important to note that the sideways price movement of the depicted wave B this was sideways price movement was noticeable prior to the psychological 50K USD price mark. I have tried to negate this idea and find a logical, clean and a somewhat semi-expected 5 wave count from 29k to 58k however the corrections within this time period do not show the rapid sell off corrections we have seen previously throughout this bull run. The only place we see it occur is in the middle of an impulse wave? We know history doesn't repeat but in BTC's Bull runs we do see a lot of rhyming when bullish price action unfolds and to me this is evident during this period of price action that it shows corrective nature Invalidation of this idea is if price falls below 43k USD. If this idea is respected, I do expect within very very near future we target the ATH and exponentially grow from there as the large wave B of wave 4 is evidence of 'future price indication' of bullish price movement to come within the next impulse wave (Wave 5) that we may have just commenced and potentially targeting fib levels anywhere from 1.618 ($94'800 USD) through to the 4.236 ($178'000 USD). We will just have to wait and count the fractal waves of BTC as we move along if we do indeed progress higher. FUN FACT: These hyper bullish corrections are not uncommon and are apart of Glen Neely's Findings when he accurately projected the DOW JONES to grow from what many were expecting a depression or violent correction to occur as there was rapid price growth from August 1987 to Feb 1994 where the DOW grew from 1616 to 3985 points however this was indeed proven to be the large cycle corrective wave when many thought it was an impulse wave. By the Way, BTC 2017 Bull run had a hyper bullish wave 4 correction very similar to this prior to hitting 20k USD... Lets watch price action unfold. Thanks, Husky
Long
by Husky2795
1
On 2nd Thought, $GS HFT's Might Not Be a Good Thing 4 BTC.. Retail investors will now be competing against the big wigs. Sure it will bring tons of liquidity, but, that's probably going to come at a hefty price tag... The Too-Big-To-Fail mega-banks, representing more than 1/2 of bank deposits in America (roughly -- too lazy to reconfirm, but something like that) have access to trillions in leverage . Do you have access to trillions in leverage? If you do, then good for you, but I'm pretty sure most people that trade bitcoin do not.. What do you think? Are Goldman HFT's good for traders, or bad traders? Cheers and hope to hear your thoughts!
B
by stocktradez6
1
Neo ImpulseI'm new to Elliott Waves and not even sure how to plot just the first 4 points only with the TV tools (the first 4 I plotted seem accurate, but not sure how to use the tool to not plot wave 5 yet), so don't give any weight to where I placed wave 5 ending. But curious of others perscpectives on this. I think we'll dip to around the support and start heading upwards soon. The 4 hour looks like we may drop another dollar or so from where it is trading as I type this ($33.50) Follow, like, and share your thoughts please!
Long
by Eldal
What is NEO? The crytpocurrency for the smart economy1. NEO it's an open network for the smart economy. The NEO ecosystem is driving with the large community of enthusiastic and developer to become this cryptocurrency for the next-generation of the internet for the smart economy. 2. NEO is an open-source, community driven platform that is leveraging the intrinsic advantages of blockchain technology to realize the optimized digital world of the future. 3. Another features is that NEO is investing $100 million through its ecoboost program to accelerate the realization of large-scale commercial blockchain solutions by empowering developers and proyects in the ecoystem all funding. Use of Case: a) Blockchain infrastructure: You can to contribute to the underlying infrastructure of the NEO Blockchain. b) Digital Asset: You can digitize assets in a decentralized, secure and third party free fashion. c) DEFI: You can to transform traditional financial instruments into trustless and transparent protocols into the decentralized finance d) Games: You can to empower new game of gaming experience by integrating blockchain features. My Personal Opinion: This crytptocurrency are in my radar, but it's so interesting in their fundamental analysis in what NEO it's goes to their objective. For that, Blockchain are grow up and more in NEO most enfocous to convert all economies in the smart solution in the digital world for the decentralized economy. I thinking in this cryptocurrency are one of the crytpo-enthusiastic and I admire this crytpocurrency as my possible radar to found out my minors crytpocurrency to invest in 2021. I do not invest yet in this crytpocurrency, rememebr my top 5 majors crytpocurrency that I invest are Bitcoin, Ethereum, Cardano, Chainlink and XRP. But yes, I find at least 3 crytpocurrency minors to take in my big radar in 2021. And well, I follow NEO from the past year and I admire this proyect. For that, I don't thinking that NEO it's a good crytpocurrency to invest. If I decide to invest, I noticed it my social media like Twitter or Trading View. And also, I share my 3 targets in NEO for 2021 in their bull rally. For more resources, please visit these links: 1. NEO Website: neo.org 2. NEO Twitter: twitter.com
NLong
by harisonhbn9718
5
💡Don't miss the great buy opportunity in NEOBTC @Neo_BlockchainTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.000700). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NEOBTC is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 0.000960 TP2= @ 0.001140 TP3= @ 0.001300 TP4= @ 0.001600 TP5= @ 0.001800 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
19
💡Don't miss the great buy opportunity in NEOBTC @Neo_BlockchainTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.000700). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NEOBTC is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 0.000960 TP2= @ 0.001140 TP3= @ 0.001300 TP4= @ 0.001600 TP5= @ 0.001800 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
8