NEO/BTC - Looking for Downside to my target buy zoneMy first NEO video, so do please be kind! haha
NEO in my opinion is one crypto that fair rather well in regards to the over all correction within the crypto space. While it did pull back it did not have a massive pull back like most other and instead really consolidated within a zone in my opinion. I speak to this in the video.
At present, I have identified a potential buy zone on NEO if it pulls back based on what I'm seeing in the chart. By no means is this a recommendation for anyone to follow suit.. just what I'm expecting and looking for to play out.
I hope you enjoyed the video, give a like and let me know what you think.
Rectanglepatterns
QTUM rectangle trading. +118%Picking up QTUM here.
QTUM staying within rectangle for a long period now, if it manages to break out a +118 percent might be possible, otherwise target will be +40 percent.
Long Wheat on Technical Breakout from Rectangle PatternI went long on Wheat this morning in my paper account due to my original long commodity thesis. I am actively looking to add more commodity exposure to the portfolio, mainly because that's where I believe the outsized returns will come to home roost. On the weekly charts, wheat has broken through the rectangle pattern that spans back to August of 2017.
I set my stop loss at 4.06, which if hit, would indicate a false breakout and an incorrect implementation of my bullish thesis at that moment.
As always, let me know if you have any further questions or comments.
