valueerror
Long

NEO - buy after the next dip - 60%

BITTREX:NEOBTC   Neo / Bitcoin
trying to buy NEO as low as possible..
lets see how it works out :)
Trade active
Comment: realy close.. but not quite there yet.. we will probably retrace to fib 0.618 before reaching the first target which gives us the chance to load up on NEO

Comments

Is personally recommend never using wicks as they are outliars
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valueerror PatG416
@PatG416, i can agree to that.... :)
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Also wrong. You need two to make a trend line. 3 points makes it valid. Not almost 3'poonts. Gunna fuck people up w your ignorance
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valueerror PatG416
@PatG416, speaking of ignorance.. you paint trendlines in order to identify a trend.. nothing less nothing more.. i could paint those trendlines 1cm above those wicks and the trend would still be identified .. u use the third point for validation of the previously spotted trend.. i give a shit about the 3rd point being 1 sat over or under my line..

if you are not happy with the way i analyse charts don't follow me..
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If you draw it touchin the candle instead of the wick you'll have 3 touches and a higher floor
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valueerror PatG416
@PatG416,
you need at least 2 !! points in order to create a valid trendline.. in that particular case both lines, the green longtermtrend and the red downtrendline, are approximtely touching 3 wicks... the red one is crossed a 4th time once by the recent "fakeout"... the green line is crossed a little bit by the recent lowest low..

however you are right and i could draw the trendlines a little bit differently.. this would let them cross at the green dot instead and indicate a possible breakout a little bit later..


but actually it does not make a lot of difference.. i'm targeting the buy area und this is an area for a reason and not a specific dot or line..

IMHO all resistance and support "lines" should be understood as support or resistance "zones" there is so much "noise" in the charts caused by some traders who are in a hurry or in panic or fomo or by differeces across exchanges..




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valueerror PatG416
@PatG416, oh.. and i try to not mix bodies and wicks... stick to one of them.. if the wicks are totally cracy because of some guys selling way to low or buying to high i fall back to candle bodies and let the wicks be wickst..
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Trend lines need to touch 3 times to be valid. Yours doesn't
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Sure. Redraw it. It doesn't line up where it should. .0052-53 is where triangle will break
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thats a bad trend line at the bottom there...
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