NEO Update: ABC is Complete

in #bitcoin7 years ago

The abc (red) correction was deep and is now complete. I had expected an even deeper correction given the Bitcoin Wave IV expectation, but as wave i has been placed, the following chart looks probable.

The short term 7 day chart clarifies it more. As you can see the wave C is placed, and the subsequent rise is adhering to an impulsive rise with waves i,ii,iii in place which makes wave iv and v due.

If wave V becomes extended, that would allow a new all time highs.


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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Will Hcash follow the same pattern. It started its bull run after NEO but had similar % gains. WTC is also on an uptrend. I sold my WCT when Hcash had its run. I wonder if should get back in......

I'm also holding Komodo (already up 13%) and Monaco. Hopefully they'd go up too :-)

Un grand merci haejin 😉👌

Thank you @haejin :)

You can also trade NEO on Bitfinex as of today!
https://www.bitfinex.com/trading/NEOUSD

For the love of your GAS.......DON'T !!!
Try https://www.binance.com They take a snapshot of your NEO holdings at 8AM Beijing Time and deposit GAS to your account monthly. Trading fee is also 0.1%

Hi @vimukthi, yep good call, but for the those who trade daily, we won't really benefit, unless I'm wrong.

It's heaven sent feature for day traders but here is the thing, If you need to claim GAS you need to have it in a wallet and out of exchanges. When you take it out, they charge a fee. Binance doesn't do that.

https://binance.zendesk.com/hc/en-us/articles/115000429332-Fee-Structure-on-Binance