This is mostly a positional trade. The entry point is looking juicy and allows for a short-stop-loss and therefore less downside potential. We can see that the DMI rejected the bearish crossing. The MACD is pointing upwards and the RSI is still in a bullish-zone. We have seen 3 days of consolidation within a tight channel. The first major resistance with the number 38.2 Fibbo. Is a standard retrace move from the last high. The blue -zone on the chart is the entry-zone.

Trade active
Comment: By the fibbo retrace of last high I mean, the high on 28-02-18
Comment: Hit and break of first resistance
Comment: neo found rocket fuel
Comment: lets see if we can break up
Comment: We broke up
Comment: TP1 done. can re-enter the market if BTC keeps moving so will NEO. If your late entry shorter stop. I took profit last night and bought back this morning


Lets go!!
+1 Reply
Totally agree with you.

Please have a look at my chart too, feedback is appreciated.

+1 Reply
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