NEO- almost time LONG

I have been finding this pattern a lot this week in the alt coins. Updating my current trades as try to move more to trading view.

Altcoin BULL Market Cycle soon- I have been accumulating NEO quantity.


LONG
- flattening downtrend
- logged a few higher lows- typically first sign of a tightening pattern and selling satisfied ending the downtrend
- Bouncing off longterm uptrend line- notice the textbook wick volition of the trend line at point 5- followed by immediate return to pattern- BULLish signal
- Decrease in volume as price decreases- BULLish signal
-Bullish divergence on RSI
-Bullish divergence on MACD
-Elliot ZigZag Correction Wave- (ZigZag Correction Pattern-5-3-5, 5 impulse-3 correction-5 impulse)
- More simple Elliot wave in pattern could be ABC correction
- Fractal Pattern- repeat of history notice the similar correction in June/July

Trade active:

Updating current trades into trading view.

Averaged in at $24.42 last week.

My trade strategy is to buy at the bottoms of patterns- carrying more risk and more reward.

Comment:

Let me add my one hesitation- and the importance of a trading plan before buying anything.

the Elliot ZigZag Wave Correction 5-3-5 pattern looks great- BUT on the second 5 impulse pattern notice that wave 3 could be extend.

This would make wave 5 and point 5 not formed yet and one more push down to the bottom of the demand zone.

I am willing to take the risk, you may not be.

Good luck my friends- no one said this was easy ;)

Comment:

$$$- Make Money!!!- $$$

Definitely a little revealed it moved north off the lower boundary line

Expect resistance as it approaches the upper boundary- also, if it does break the pattern expect a retest- all common occurrences. Ebbs and Flows are all normal and expected.

Comment:

shaved off a little for my trouble- remaining volume left for long run

Comment:

wow!$! moving again

Trade closed: stop reached:

Booked profit on all mid to long term HODL

I'll be cash for BTC Futures.

I am not sure what will happen as lots of hype in both directions. What I do notice thou, is the public is rushing in to buying BTC as fast as possible during an emotional Elliot Wave 5. FOMO. Sheep follow the masses and sheep get slaughtered. Buy low and Sell high, not buy at the ATH. Professionals= anticipate. Amateurs/Public= React.

When random second tier friends are ringing your phone off the hook about BTC, probably time to book profits. If wrong just buy back in on December 11.

BTW I am extremely BULLish on BTC and cryptocurrency but will be safe on the sidelines for this potential bump in the road.

Comment:

Reviewing my trades from today- and reread my latest ideas. That as not a very nice last post. Sorry guys.

I shouldn't of said that- "random second tier friends". I have been getting called the last few days by people I don't know who got my number somehow- I am very happy to help, if I have the time.

But it does signal that the public has entered the market. And we are def in the markup phase. This will be followed by distribution. Wall street has made much of its money for doing the opposite of the masses. Wall Street enters the market December 10.

good luck sorry again

Trade active:

breakout