NEO Long Play. August 2018

Going to pay NEO. Seems to have not moved much with the recent Bullish BTC. If that turns bearish I expect most things to go with it but while its bullish am looking to play longs. You can see it has had a bullish bounce off the 61% Fib and is slowly making its way up. The top of this is around $20 and that would be a 3rd test of that level should it get there and it might just break it. $25 would be the max target. (-61% fib) Stop out if it starts to move down the way but even if it does it should bounce off the 61,78 fib again but the fact ill be using margin means ill close as I dont want to get stuck on the wrong side of a trade.

Zoomed Out Targets

Comment:

So have the stop price now. Gonna sell 1/2 the position at target 1 and buy back as it moves to the bottom of the channel. Honestly think these moves is bots trading, they just dump to hit stops and buy again, over and over.

Search high frequency trading on youtube, there are some docs on it that will amaze you. Actually watched one the other day, ill find it and post it later.

Comment:

I think its making an Adam Eve correction. Will close at a loss if it heads down here.

thepatternsite.com/aedb.html - Have this book in pdf if you want it hit me up.

Trade closed: stop reached:

Asshole

Comment:

This is probably the buy area! Alts are BS atm probably safer trying forex!