NEO/BTC Analysis
Fast approaching a completely market cycle (100% Retrace) Neo has had little to no buyer support for months.
Crashing through key support structures and doesn't look to be stopping any time soon.
Neo as of late has been heavily dependant on BTC and its fall from its heights are crazy to think about but this is the reality.
The reality being NEO is an absolute bargain regardless of where you pick this coin up.
I feel BTC will continue in its downward fall for a while longer, bringing down NEO with it. Hopefully a reasonable cushion at my second level of support.
Time will tell and you will find with majority of the established coins that they all mirror BTCs movements.
Fast approaching a completely market cycle (100% Retrace) Neo has had little to no buyer support for months.
Crashing through key support structures and doesn't look to be stopping any time soon.
Neo as of late has been heavily dependant on BTC and its fall from its heights are crazy to think about but this is the reality.
The reality being NEO is an absolute bargain regardless of where you pick this coin up.
I feel BTC will continue in its downward fall for a while longer, bringing down NEO with it. Hopefully a reasonable cushion at my second level of support.
Time will tell and you will find with majority of the established coins that they all mirror BTCs movements.