NEO Swing Trading Update: Told you so! :P

Hi all,

Just a quick update as the call of humans coming to save us from the evil trading bots came to fruition so it is well and truly game on!

Two charts below to show the updates today:

First is the exact same 4hr chart from yesterday with the indicators and estimates I gave for comparison:

  • MACD kicked up as we were hoping and crossed to give a bullish signal
  • RSI has moved up to the 50 range so we're heading into the more overbought than oversold (so chop might be incoming)
  • Estimates for the price action, although not exactly aligned are roughly tracking to give the random up/down action I am expecting

Second is the same, but focused only on moving my Pitchfork tool and setting up my first trades:

  • Added lower parallel lines for the price breaking the lower section of the most recent fork (dotted purple)
  • Red ellipse shows my target zone for a 10% sell order (gone in with 245k Sats as sell order #1)
  • As a jackpot precaution, I'm also setting another 10% sell order at 255k Sats in case we really see a lot of volatility (not expecting to reach that yet though).

Other than that, I'll be happy to make my first 10% trade if we can make it. I think now is the right time to set this one up as if we do see some chop, I'll be happy with my +10% now and fully expect I might even be able to reinvest that on a swing down to 190k again. The more of these big swings we see, the better.

Sorry for such a short post today but hopefully tomorrow I'll have much more to post if my prediction of some wild trading action kicks off this week. I would not be surprised to see full 10% swings high and low across NEO and BTC this week. I'm not expecting a major breakout, but will start honing in on when I think a bigger breakout might be more likely.

Until then, hodl on to your hats and enjoy the ride!

Disclaimer: This is post only contains my personal views and opinions and is intended as entertainment only. It is not financial advice. You should always do your own research and only invest what you can lose to afford.

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