NEO should follow above the Green NEOUSD channel, but buys will be available for you in the green channel for shorting purposes. If you can buy in the orange NEOUSD channel, consider yourself lucky, or expect to see the start of our down trend (don't panic sell if you buy in the orange channel if you are below the green channel.
Where the increasing and decreasing trend lines intersect (Green Thumbtack), we should see unpredictable activity, but hopefully a confirmation of an upward move or downward move. At this point I would sell if you are worried about losing profits, or you can ride it out if we are uptrending and you managed to snag some NEO in the lower orange channel (below the green).
If at that same thumbtack intersection area NEO goes along the downtrend (red line), then I expect a large upward movement after we break past the red trend line & the top of the green channel. If you buy below the red trend line, don't be too afraid to protect profits if the upper orange channel trend line is being tested.
As far as the NEOBTC side of things is concerned, I am not trying to make a trade into BTC anywhere in the purple channel--period--unless we are toward the very lower limits of the purple channel. When we cross under the Purple channel and into the Blue channel, I'll be interested in more interested in buying if it looks favorable. My ultimate buy point, which would be ~75% of my holdings, would be when we cross under the Blue channel and into the Orange channel. This is where the magic happens people. When we hit that area, it's almost impossible to lose that trade. Risk Reward would be somewhere around 7:1 - 13:1.
Good luck and happy trading!
-Jordan
Where the increasing and decreasing trend lines intersect (Green Thumbtack), we should see unpredictable activity, but hopefully a confirmation of an upward move or downward move. At this point I would sell if you are worried about losing profits, or you can ride it out if we are uptrending and you managed to snag some NEO in the lower orange channel (below the green).
If at that same thumbtack intersection area NEO goes along the downtrend (red line), then I expect a large upward movement after we break past the red trend line & the top of the green channel. If you buy below the red trend line, don't be too afraid to protect profits if the upper orange channel trend line is being tested.
As far as the NEOBTC side of things is concerned, I am not trying to make a trade into BTC anywhere in the purple channel--period--unless we are toward the very lower limits of the purple channel. When we cross under the Purple channel and into the Blue channel, I'll be interested in more interested in buying if it looks favorable. My ultimate buy point, which would be ~75% of my holdings, would be when we cross under the Blue channel and into the Orange channel. This is where the magic happens people. When we hit that area, it's almost impossible to lose that trade. Risk Reward would be somewhere around 7:1 - 13:1.
Good luck and happy trading!
-Jordan