One thing on this chart: it was made entirely on its own, if BTCUSD go another path and make things brake here, it is another history that risk management will take care. You can put you stop just below the last low and keep it moving if market moves bullish, this way even if the market revert or BTCUSD brake things here you still get out with some profit. Keep in mind that markets is not a game of who get the perfect target, the important thing is your ratio profit/loss ! Target on the green flag, fibonacci level 1.0 !
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Possible inner path for NEO zoom in:
Comment:
NEO rocket being prepared on the launch platform, ignition soon:
Trade closed: stop reached:
My original idea for a pivot didn't work out. NEO is going for a lower and stronger pivot. For now got out by stop loss.
Trade active:
Looks like NEO still strong, with BTCUSD about to break out, things can turn good for NEO too. It is fighting the MA50 right now which will trigger new bull in case it succeed to cross above:
Comment:
Our original setup changed a bit, NEO dropped below our support and find another one, bounced and is now below the MA50. It will mount a new pivot in order to go higher levels, after the pivot a clear target will form, until there the previous target of 162 remains but with a different time target:
