smb2222

NEO Triangle almost violated-Possible Alternate Zig Zag

BITFINEX:NEOUSD   NEO / U.S. Dollar
Looks like most of the Alt's I thought were playing out as Triangle consolidators will be violated, but a good EW analyst stays with his primary counts and plans stops and ladders with both this and the alternates in mind. If this double bottom fails then it will look similar to EOS and have a 5 wave impulse down. The alternate count is in Yellow The extent of the downward move all depends on BTC . If BTC really shits the bed then we are looking at severe lengths

Either way, I'm am not worried one bit. Everyone should have enough cash on hand and investing time horizons that allow you to wait out these periods. We've been hear dozens of times over the years.

NEO is just as good of an investment as EOS in my opinion, for other reasons. The Chinese are a proud country and they like to invest in their own projects; particularly when it comes to technology and innovation. It's astonishing when you realize how many people are in China, and how many individuals, businesses and government branches will use this blockchain for the "NEW ECONOMY". This to me is similar to the Emerging Market ETF's that are available today which invest in companies particularly in Asia and Japan.

Plus, the way it's designed, you earn GAS for holding your NEO in the NEON wallet, some exchanges that support it, and on the new NEX decentralized exchange once it's up and running. So not only will you be early investors in the infrastructure that the new Chinese economy will attach to, but you earn dividends on your holdings

NEO is just another great diversification for your portfolio if you have patience and the reason to understand the potential. Sure it's had some problems, but so has many other projects, keep this in mind. This is a moving and working technology that will have many ups and downs, but to me the bright developers, engineers and computer scientists in this field are amazing. We will see great things in the next few years
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