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NarkoTA
Oct 7, 2017 1:14 PM

Potential retracement to 0.0053 (NEOBTC) Long

Neo / BitcoinBittrex

Description

In the coming days i expect a red day in the markets where sellers would take their profits causing to retrace the price to its major support-line. I see a short term position to buy at the support line, where there is a likely hood of a good bounce and further consolidation in between the Fibonacci lines. Due to the hype around this coin its not necessary to set stop-losses, which i would expect a strong break through the trend-line, and pump to new all time highs. It would be good to sell a large portion of the profits and sell the rest 20% above the previous all time high.

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