NEO/BTC Buy into strength when it appears
Updated
NEO
A new swing trade opportunity has arisen on NEO.
Zoom out of the chart and look at the last two times NEO has made this same Ichi cloud pattern.
Price action broke above the Kumo and successfully retested, after a weak bullish TK cross with price action above, and now we have a bullish kumo twist. These are the three signals to open long.
The 6hr and 12hr both show strength as well and potential for some sideways action soon with entries between 0.006 - 0.0055 (low end is possible, but unlikely)
Price action breaking above the kumo after TK cross. Look for possible close above:
Price reaching into the 12hr kumo after a weak Bullish TK with price action above. Look for consolidation at this level and a possible E2E play at least:
Volume profiles and indicators supporting this price move (strong trend with volume confirmation)
I am looking to add to my position at any level here and would only stop out if we broke below 0.0055.
I am looking for up to a potential 2x on this, but will collect profit along the way.
This is a journal of my own trades. Content provided for educational purposes only.
A new swing trade opportunity has arisen on NEO.
Zoom out of the chart and look at the last two times NEO has made this same Ichi cloud pattern.
Price action broke above the Kumo and successfully retested, after a weak bullish TK cross with price action above, and now we have a bullish kumo twist. These are the three signals to open long.
The 6hr and 12hr both show strength as well and potential for some sideways action soon with entries between 0.006 - 0.0055 (low end is possible, but unlikely)
Price action breaking above the kumo after TK cross. Look for possible close above:
Price reaching into the 12hr kumo after a weak Bullish TK with price action above. Look for consolidation at this level and a possible E2E play at least:
Volume profiles and indicators supporting this price move (strong trend with volume confirmation)
I am looking to add to my position at any level here and would only stop out if we broke below 0.0055.
I am looking for up to a potential 2x on this, but will collect profit along the way.
This is a journal of my own trades. Content provided for educational purposes only.
Comment
Price failed to hold the 0.0055 level mentioned and I stopped out of the trade. Will look for a better entry for a new long position. Will publish If I find one and take it. NEO is in no trade zone for me until it stabilizes. ZEN and BTC trades are still active. See: 
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