kokopuffs

Neo Head & Shoulders - Big Drop Coming If Pattern Goes Through

Short
BITFINEX:NEOUSD   NEO / U.S. Dollar
Was thinking that it was a good time to go back into NEOUSD and then I saw this. A really big H&S forming.
The greed is telling you the "uptrend" will continue.
There will be some sort of pull back while it dips which will give people hope, only to crush their souls.
Use the fibonacci to find support.
Trade closed manually

Comments

Congratulations friend, you really wrote this to me and pure truth. Our gain blinds us. Thanks for posting
+1 Reply
Thanks for sharing it here mate !
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It's going lower. Going to flush out all of those bag holders from the top. Stronger conviction if it retests 32.
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or not? ;)
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kokopuffs Stony_B
@Stony_B, big if true. haha. i'll wait for a little more confirmation before closing.
Reply
Stony_B kokopuffs
@kokopuffs, actually closed already before but looking for a re-entry.

Reply
kokopuffs Stony_B
@Stony_B, I would've waited til the .786 fib mark for re-entry as that will get it back in its trendline. 4 Hours looks a lot more clear. The pattern is still developing.
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Stony_B kokopuffs
@kokopuffs, Did not hit the re-entry mark so no position at the moment. Going down a lot, I'll wait for the next support level.
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kokopuffs Stony_B
@Stony_B, oh I didnt get what you are saying. But good thing you are safe my friend :)
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same on btc, could be huge
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