MISSION IMPOSSIBLE: NEO About To Destroy BITCOIN! (NEOBTC)
Hello Dear Friends <3
We have no time to waste. We are this very moment witnessing a CRAZY battle between NEO and Bitcoin. Let's take a closer look at, what is happening, and maybe we can figure out, which of the coins there will be a better holding.
We are now taking a look at the 1D NEOBTC Chart. So NEO had a really nice run in December to the end of January and made some solid 1-5 Elliott Waves. After that we had an ABC-correction. A weird one. Looks like a 3-3-5 where the 5th wave of C is truncated.
It had a bit more than a 61,8 % Fibonacci Retracement, which is pretty normal and healthy. NEO did hereafter kick start, what I will assume it's a new 1st EW. Look at that beautiful uptrend. But we are at this very moment at a VERY CRITICAL point for NEO.
NEO is struggling and using all it's power to go through the 50 % Retracement Level AND the EMA50 AND the EMA100 just a bit higher. But NEO is doing a tremendous job so far, and are showing no signs of weakness.
We are at this moment in an ascending wedge pattern, which normally predict we will go down very soon. Here are the 2 scenarios:
1. We will fall, but only a bit, what is equal to a 38,2 % retracement of the 1st wave and hereafter NEO will use that 3rd Wave to SLAM BITCOIN in the face and continue up, up and up!!
2. NEO will ONCE again surprise us and just continue further up, and will not give a fxxx about normal TA-rules and theory, and then hereafter have a smaller retracement above the EMA's.
NEO seems unstoppable at the moment. Even Bitcoin, who normally fare better in a bear market with uncertainty, seems to have found a new stronger new up- and coming superstar!
D4 Loves You <3
Please leave a like - it would make me happy :)
We have no time to waste. We are this very moment witnessing a CRAZY battle between NEO and Bitcoin. Let's take a closer look at, what is happening, and maybe we can figure out, which of the coins there will be a better holding.
We are now taking a look at the 1D NEOBTC Chart. So NEO had a really nice run in December to the end of January and made some solid 1-5 Elliott Waves. After that we had an ABC-correction. A weird one. Looks like a 3-3-5 where the 5th wave of C is truncated.
It had a bit more than a 61,8 % Fibonacci Retracement, which is pretty normal and healthy. NEO did hereafter kick start, what I will assume it's a new 1st EW. Look at that beautiful uptrend. But we are at this very moment at a VERY CRITICAL point for NEO.
NEO is struggling and using all it's power to go through the 50 % Retracement Level AND the EMA50 AND the EMA100 just a bit higher. But NEO is doing a tremendous job so far, and are showing no signs of weakness.
We are at this moment in an ascending wedge pattern, which normally predict we will go down very soon. Here are the 2 scenarios:
1. We will fall, but only a bit, what is equal to a 38,2 % retracement of the 1st wave and hereafter NEO will use that 3rd Wave to SLAM BITCOIN in the face and continue up, up and up!!
2. NEO will ONCE again surprise us and just continue further up, and will not give a fxxx about normal TA-rules and theory, and then hereafter have a smaller retracement above the EMA's.
NEO seems unstoppable at the moment. Even Bitcoin, who normally fare better in a bear market with uncertainty, seems to have found a new stronger new up- and coming superstar!
D4 Loves You <3
Please leave a like - it would make me happy :)
- Descending wedge
- Cup and Handle
- Ascending wedge
- Ascending broadening wedge
- inverse Head and Shoulder (usually better in an downtrend)
RSI is good! MACD cross rejection and histogram better for NEO.
If NEO manage to go just a bit higher, we can complete that right shoulder and go even higher!!
D4 Loves You <3
Can I get a LIKE? Thx, my friends :)