NEOUSD Update and Next Trade Points
It's been a week since the last scan across the top 20 or so coins.
A lot has happened in 7/8 days.
Remember that no coin is too low to sell and likelwise in a bull market no coin is too high to buy.
Remember also that we play a game of probability. Some play momentum and volatility and some play hunches and mistaken beliefs. Few are right. The majority are wrong - up to 95% of retail currency traders lose money. (If currency trading was easy, we'd be doing it here a lot more. It isn't. So we don't)
So we know the odds are stacked against from the outset.
With this is mind is it 'easier' to sell the dust and forget about the diamond - or are you so damn good you can find 'the one' ?
If it's the latter please share ; )
Until that day arrives we are probably better to try nailing the losers.
And there have been some good ones over the last week.
Here are some: they will follow Bitcoin as usual. They will rally more than the great death-star itself and fall more when Bitcoin fails. Some offering fantastic gearing opportunities without the need to resort to excessive margin trading.
NEOUSD
This was a sell from 20.87 and weak whilst trapped below 21 with a downside target at 13.
It fell to 13.64 before rallying.
That's a big double bottom at 13.25 in fact.
But the trend is still neagtive despite the 50% counter rally since.
To break free of the relentless bear prssure here it will need Bitcoin's help to arrive soon now.
In it's continuing absence NEO will break the the little dynamic under price now and retst the lows at 13.64-13.25.
A decent short when it breaks .
But not until. It's holding up with Bitcoin for now.
An eventual break below 13 here will be another extremely bearish signal pointing to further sustained weakness back to the spike low at 3.79. Lesser potential support centered around 6 may serve to induce a counter rally of 50% as we are seeing now.
Big moves in little numbers.
It's been a week since the last scan across the top 20 or so coins.
A lot has happened in 7/8 days.
Remember that no coin is too low to sell and likelwise in a bull market no coin is too high to buy.
Remember also that we play a game of probability. Some play momentum and volatility and some play hunches and mistaken beliefs. Few are right. The majority are wrong - up to 95% of retail currency traders lose money. (If currency trading was easy, we'd be doing it here a lot more. It isn't. So we don't)
So we know the odds are stacked against from the outset.
With this is mind is it 'easier' to sell the dust and forget about the diamond - or are you so damn good you can find 'the one' ?
If it's the latter please share ; )
Until that day arrives we are probably better to try nailing the losers.
And there have been some good ones over the last week.
Here are some: they will follow Bitcoin as usual. They will rally more than the great death-star itself and fall more when Bitcoin fails. Some offering fantastic gearing opportunities without the need to resort to excessive margin trading.
NEOUSD
This was a sell from 20.87 and weak whilst trapped below 21 with a downside target at 13.
It fell to 13.64 before rallying.
That's a big double bottom at 13.25 in fact.
But the trend is still neagtive despite the 50% counter rally since.
To break free of the relentless bear prssure here it will need Bitcoin's help to arrive soon now.
In it's continuing absence NEO will break the the little dynamic under price now and retst the lows at 13.64-13.25.
A decent short when it breaks .
But not until. It's holding up with Bitcoin for now.
An eventual break below 13 here will be another extremely bearish signal pointing to further sustained weakness back to the spike low at 3.79. Lesser potential support centered around 6 may serve to induce a counter rally of 50% as we are seeing now.
Big moves in little numbers.
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