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RE: NEO Needs Some Serious Buying Action to the Rescue to Avoid a Major Bear Threat
Anyone that has learnt a little TA and done some EW analysis knows that NEO hasn't had a serious pullback for some time. This was clear more than 2 weeks ago, including more than 10 days ago when you made your post "NEO Has All Time New Highs Written All Over"...
https://steemit.com/neo/@haejin/neo-has-all-time-new-highs-written-all-over
I am not hating on you, but the more I learn TA, the greedier your posts seem. This was clearly not the most likely scenario based on TA (anyone could have spotted a diamond top without even knowing EW analysis).
Nobody knows brother...there are different strategies in TA..with EW in particular, the current counts stays until it is violated
@shawnster yes I agree with you, TA is not an exact science. But in this case, there was a clear pattern with NEO that anyone who has been doing TA for more than a few months would know. The decline in volume, the overall bear market, the diamond pattern. I can see NEO going a lot lower (perhaps the $60-$70 range) before it makes a real rally towards his numbers. It seems like these are all the pumped out and people upvote because they're holding the coin. Not only that, but BTC dominance is at over 40% which means the only way to get alts moving again is when BTC makes a move upwards, which may not be for some time.