NEO Update: A scenario for correction being done?
On the last update, I had posted the below chart and markings. Price has been following it pretty well. The key question is: Where is the bottom?
If a bullish scenario is to be had, the below would be it. The abc (red) is completed as a zig zag with 5,3,5 waves. It can be stated that the current wave is the beginning of a new impulse up as labeled with i,ii,iii,iv,v (blue).
Between the two above charts, I lean towards the first, mostly because of the Bitcoin Bear and this bounce is at the same time as Bitcoin's.
The cryptosphere will bottom when Bitcoin Wave IV is complete. We're not even half way to that process; IMHO.
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
I dont believe a triangle can ever appear alone in wave 2. It must be part of a complex correction if a triangle appears in wave 2.