I was looking for a good entry point for NEO but decided to short instead. My main reasons; MACD showing signs of bearish divergence. Low volume. BTC *might* start moving up strong. How I will trade this; 1) If NEO gets rejected at 0.0142 and falls near to 0.0138, i'll short it, at least till 0.0120. 2) If (1) happens, I'll watch for the orange support...
The $9.5k is being re-tested. After the ATH; 5 days - "It is a healthy correction, we are still bulls." 16 days - "Going up again, wait 13k re-tested. No, back to 16k." <-- bull trap. 10 days - "It looks like its bear time, 9.5k touched, regression channel visible." <-- bear confirmation. 15 days - "But, what if... --> see we have a small bull --> 9.5k touched!"...
This is just a normal market correction that happens every 2-3 months. It will be fine in 1-2 weeks. There are no bad news. I don't see any reason for the bull market to end. - Scalability problem is being solved by Lightning Network. - Old & established institutions are opening up crypto exchanges. - Public blockchains are being adopted in the business...
I've been wanting to buy some BAT, but kept missing the runs. This buy area looks like a decent place to get some BAT for long term hodling. Amazing coin.
NEO likes to touch that blue bar and it looks exhausted. Might take a nap at $130. Damn this is fun.
I am just reading a little and playing with charts. Went in with 0.1 BTC, just to spice up the experience. Will sell %40 at T1, %40 at T2 and %20 at T3. Stop-Loss at 10k sats.