Hey guys, after the nice follow through of the Head & Shoulders reversal on the Hourly & 4H since my last idea, NEO just barely established a 4H Higher Low, in this nice equilibrium we're building: We clearly had $30 as previous Higher Low, $40 as Lower High, now we have 31,8 as new Higher Low.
=> A definitive break of this range will be coming, depending on what grandpa Bitcoin does, so keep the big picture in mind if you're trading NEO, this will be an awesome opportunity.
I wish you a great weekend still! ;) If you do not want to miss my Daily Crypto Analyses updates, please like & follow me! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
@GWLLaurens Equilibriums can break in any direction, premature buying/selling inside the equilibrium leads mostly to headache => always better to wait for the break. If you can short also, you can set orders in both direction, so no matter where we break, you win, this is the beauty of trading. Almost all of my biggest gains are from equilibrium breaks. Of course you have to be careful of fake-outs, so never put more than 1-3% of you capital in risk until you get stopped out.
@mfibbs 1. You're starting the conversation wrong, as you can see, clearly people are valuing the information. 2. Don't use 'us', when you mean 'me' => 'Tell ME something I don't know' is what you're really saying => You see how this sounds? => I'm not obliged to tell YOU anything my dear. I'm trying to help people here, who might not see the information I'm sharing themselves. If you already know everything I shared, good for you, please move on & look at other ideas.
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@jack777, one last thing: Even if one of the bigger Altcoins like EOS/IOTA/etc breaks in some direction, if it breaks without Bitcoin, mostly it'll be a fake-out. You always want Bitcoin going in the same direction, to not get faked out.
You gave 0 knowledge or info . Tell us something we already don’t know. Right now btc has gone up and NeO has gone down. I notice there usd values separating. Anything can happen!
@mfibbs 1. You're starting the conversation wrong, as you can see, clearly people are valuing the information. 2. Don't use 'us', when you mean 'me' => 'Tell ME something I don't know' is what you're really saying => You see how this sounds? => I'm not obliged to tell YOU anything my dear. I'm trying to help people here, who might not see the information I'm sharing themselves. If you already know everything I shared, good for you, please move on & look at other ideas.