nycgrowler

NEOBTC - Bullish - Ichimoku Edge to Edge - Playin' in the clouds

nycgrowler Updated   
BITTREX:NEOBTC   Neo / Bitcoin
I cut NEOBTC on the way down after support broke on the Kijun.

I was subsequently short NEOBTC, closing at 7300.

Opened and closed profitable long positions in NEO yesterday and played the run up to resistance at 50% Fibonacci level.

As indicated in the previous post, if we see a close in the cloud on the 1-day, i will play the edge-to-edge. Well, we closed in cloud and I'm long to the top (~0.01).

Very close eye on it. Might be some turbulence. Prepared to close if anything has this trade going sideways.

Good luck all.

Cutting after support broke Short Long on the way back up
Trade active:
Keeping a close eye on this, as this market is going to change rapidly (even in crypto terms). We are below the fib support that was broken yesterday on NEOBTC. We are at support on ETHBTC.

I will pull the plug on these trades quick.

ETHBTC - Breaks 0600. I'm looking to pull. Pulling at 0610 if momentum turns down fast.

NEOBTC Breaks 0080. I'm looking to pull. Pulling at 0081 if momentum turns down fast.
Trade closed: stop reached:
Stopped out on this one. Gotta minimize losses according to plan and BTC is in a limbo that is difficult to manage.

I'm looking to exit my long in ETHBTC, as I feel it's likely to go lower. Support and bullish momentum get drained with each BTC dip.
Comment:
Looking for reentry. Dependent on BTC price action. BTC to 8500 or 8200. Anything lower and plays change.

Fib support on NEOBTC is at 6800, but if we go below 7300, long position will be opened.

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