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bitgains
Feb 7, 2018 8:23 PM

Bearish Div on NEO, going down too?  Short

NEO / DollarBitfinex

Description

Previous bearish DIV gave the dip.

Now div is not as big but also bearish.

Comment

It went down, and then back up. I think it's a nice moment for re-entry for the short, but note that you must liquidate short as soon as it's profitable. I'm not expecting it to go much lower then 100 since bulls are strong.

Comment

Comments
wargolynch
We can see the same on BTC
There is also a short term RSI and MACD bearish divergence on NEO 30minutes
I'm shorting it since 114$
UnknownUnicorn1024359
time to short.im watching it too
btc lookin weak
bitgains
@GordonGekko33, The market has surprised me couple times. I hope it works out for you!
UnknownUnicorn1024359
@bitgains, yeah man today i woke up and was really suprised.had short position with nice profit but didnt close that before go sleep and now im in red.but i expect btc sell of in next h.
bitgains
@GordonGekko33, Hi Please be careful. I see someone post this idea:


It could ofcourse be a sell price for a lot of holders, and pushing force because of last pump is still present. NEO price also is jumping up sometimes (after ofcourse higher price not holding and sellers coming in). Anyhow, risky market, means smaller position.
UnknownUnicorn1024359
@bitgains, for me its a double top
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