Ideally pickup NEO/USDT between the 0.5 and 0.618 fib retracement. If we close above the triangle go long on NEO, with low lev. IF we break down, short NEO also with low lev. Break outs have to have substantial volume in order to be valid. Don't get trapped in this, and make sure to keep eye on btc and use stop loss when trading.
VET:BTC is currently in a downtrend. The Double Bollinger Band middle line has been rejected (closed below it) and now we saw a drop in price again. When it closes above the middle BB, I am more confident in a change of trend. Until then I do not advise to enter VET:BTC at this moment. However if you are a scalp trader, you can try to scalp on the shorter time...
The Double Bollinger Bands on ICX-BTC pair are now in the neutral zone again. Pay close attention to the price action at the middle BB (blue line in the middle). We will update the post once we see where the trend is going and provide you with a RRR setup. At this moment we are neutral and are waiting for price action on the BTC pair, however if BTC makes a move...
This is the Bitcoin weekly view (BLX chart).
We have seen that the 5800$ level acted as a good support until it was tested for the 5th time in november 2018. Now it is acting as huge resistance and it coincides with the 50 Weekly Moving Average, which also acts a resistance. Furthermore we have seen the bearish MA cross happen already (50 crossed down the 100)....
Great buying opportunity for MDA/BTC.
ENTRY: 23000 - 240000 SATS
TP 1: 28000 SATS
TP 2: 31250 SATS
STOP LOSS: 21750 SATS
Risk Reward Ratio (RRR): 3,25
Make sure to always use a stoploss and have a great trading experience!