NikGibler

NEO-BITCOIN - LOOKING LIKE THE RIGHT TIME TO SELL (FOR NOW)

BITTREX:NEOBTC   Neo / Bitcoin
IN THIS CHART, NEO IS REACHING THE END OF ITS CURRENT RALLY (ALSO KNOWN AS INTERMEDIATE WAVE). ELLIOT WAVE THEORY RULES STATE THAT INITIAL DRIVING WAVES ARE CALLED IMPULSES AND COME IN 5-POINT SEGMENTS WHEREAS, CORRECTION WAVES COME IN THREES AND ARE ALSO FRACTAL IN NATURE. OUR CHANNEL SUPPORT IS VISIBLY HIT ON DECEMBER 16TH, 26TH AND IT IS CONFIRMED OR VALIDATED ON JANUARY 6TH             WHEN THE FINAL AND THIRD IMPULSE RALLY BEGINS. THE FIRST POINT IN OUR CORRECTION HIT AT 38.20% OF OUR ASCENT AND FINALLY, CORRELATING THE CHANNEL SUPPORT WITH OUR (C) POINT AND OUR FIB LEVELS, WE CAN ALMOST CERTAINLY PROJECT A FINAL RETRACEMENT TO THE LEVEL OF 50.00% FIB AS CAN BE SEEN IN MAGENTA. HOWEVER, THERE IS ONE MORE IMPORTANT THING TO CONSIDER THOUGH, AND THAT IS THAT WE ARE AT THE END OF THE LONGER MONTH-YEAR CYCLE ALSO KNOWN AS (PRIMARY WAVE). THIS LEAVES ROOM FOR SPECULATION ON WHAT WILL HAPPEN NEXT. ONE THING IS CERTAIN TO ME (AT LEAST IN MY PERSONAL OPINION), AND THAT IS THAT NEO WILL BEGIN GOING DOWN ALMOST AS SOON AS I PUBLISH THIS. STAY SAFE OUT THERE AND REMEMBER TO DO YOUR OWN RESEARCH.
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