NEO Detailed Technical Analysis. Consolidation? Or extended one more wave for Possible $230 Target?steemCreated with Sketch.

in #bitcoin7 years ago

Is this the top for NEO or will we get one more wave?

The wave are difficult to count for parabolic movements. There are two possible variations that make most sense. Here is the most likely case.

Here is a second case.

Despite the case, longer term targets are set for $230+ based on fib extension ratios.

Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups.

Good luck traders

Really appreciate the upvote and support on steemit.

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Please always remember we trade using probability and not all trades are winners. We manage our risk with stop losses and try to win over time. Those that don't understand this, and expect only to having winning trades, will always lose money over time.

The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.

DISCLAIMER:

I'm not a financial adviser, nor am I giving you any tips on when to buy, sell, etc. I'm simply stating my opinions and what I personally look for. Those that follow my trades blindly and don't understand risk management, will always lose over time. I manage risk differently. Not all trades are winners. We manage our risk with stop losses and win over time. Even if we've entered at a similar price, I can micro manage my risk, by shedding, adding, reducing, etc, but those calls aren't made. Therefore despite entering near the same price, I may come out well ahead while you may take a loss, even if we exit at the same price when the market goes against my call. Remember, I always profit OVER TIME, and am not focused on winning every single trade. As long as we win more than we lose over time. I want to be very clear so you understand the outcomes will always be different even if we take the same trade. I MANAGE RISK and see this game as a probability. Therefore, be forewarned.

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i think u r better than haejin

It is good to gather analysis from more than one source so you can make the best out of it, that is what I do, once I got the same analysis from 3 sources, it worked as if it is a gypsy predicting the future, right on spot.

@phuzz may be... u post a combined analysis from those 3 sources :D

hmm sounds like a good idea :) but im no analyst, just seeing things in common between more than one makes sense, I will try that out and keep the rewards for the sources I got it from. thanks!

Everything is crashing lol. All TAs are out the window. Rofl. Love your work though.

well... looks like the perfect retracement at present...

we almost breached 120

Hi! I am not a robot, I up-voted this because you deserve it :) great work as usual, thank you

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