As we enter the final phases of correction, we have not heard much on OmiseGo or NEO. Been awful quite on the news front, as many have sold which to me provides an ample opportunity to buy. Yes rising tides raise all boats but some rise faster than others. I was looking at my chart of core holdings and noticed that OMG and NEO have quietly out performed the rest of my holdings. People may have forgotten but smart money is constantly monitoring to pick up deals when nobody is looking. This is why I look at my charts weekly in this format. I want to see who is performing, who is under performing and you should to. Take 30 minutes to look at, what my buddy Phil calls the bible of trading, the overall trend of your key holdings.
The chart is telling us something. What's it telling us? That while many were still focused on China, others were focused on scooping up additional shares that appear to be undervalued. The charts are telling us what the market is thinking, and it is speaking to us in the form of price movement!
So though I still think there is some room for another down leg, we should be watching OMG and NEO closely if we want to add to our position. This is why news is a distraction, and turning off the news will make you a better trader and investor in the long run! Many of you sold at a price where it will now cost more to get these coins back, based on twitter feeds and fake news releases. If you were one of those, then you will need to watch closely to pick them back up during the last correction!
The chart is telling us something. What's it telling us? That while many were still focused on China, others were focused on scooping up additional shares that appear to be undervalued. The charts are telling us what the market is thinking, and it is speaking to us in the form of price movement!
So though I still think there is some room for another down leg, we should be watching OMG and NEO closely if we want to add to our position. This is why news is a distraction, and turning off the news will make you a better trader and investor in the long run! Many of you sold at a price where it will now cost more to get these coins back, based on twitter feeds and fake news releases. If you were one of those, then you will need to watch closely to pick them back up during the last correction!