Long

NEO repeating itself very precisely

Updated

Disclaimer: I'm a bull on NEO. I also personally don't think charting has a ton of use inside the cryptocurrency world.

NEO's looks like its going to enter another bull run. I'd actually be concerned if it followed its prior trend so exactly and then switched patterns when it comes time for an increase.

Trade closed: stop reached

It was great while it lasted. I had no bones in the game and have simply been HODLing NEO since <6USD. This is a great example for those who are on the fence with their beliefs of charting coins. I suppose as soon as the downward trend inside the prediction bubble fell below its support line, many would have known it was going to fall much further. When charting altcoins there is a huge picture you must take into consideration. The price of BTC and the global reactions to it's price are very important, yet nearly as unpredictable as the alts. I blame this "crash" on two things.
1. All crypto's have crazy gains and crazy losses. They're irrational markets.
2. I think alot of altcoin traders have exactly one goal in the altcoin game, to get more BTC. I think there will be a point that BTC blows all altcoins out of the water. During the recent spike many altcoin traders got out of the game and the BTC marketcap dominance increased significantly.

HODL NEO

jaronfitz

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.