NEO Short Possibility

Hello, guys
I would like to share my idea about NEO.

During the last BTC bull run (November until December 2017), NEO dropped to below 200k sat.
When BTC corrected, it had a pretty nice jump to above 1500k sat
However, from several weeks ago, BTC tried to do a bullrun again after a long correction.
When BTC bull run happens, money invested in altcoins usually will come back to BTC (from the past experience).

While other altcoins were down when bitcoin ran up from 6k to above 11k usd, neo was relatively stable (+/- 30% drop in sat value) compared to other top 10 crypto. Maybe it is due to the news that ONT will give airdrop to NEO holder on March 1st 2018.

We might be looking at possible increase of 5-20% in the next several days.
If this increase happened and NEO could not break resistance at around 1250k sat, NEO could form the right shoulder of H&S pattern ( bearish pattern ).

If BTC would do a bullrun again, the neckline could be broken down.
Depends on how sharp BTC increases, the drop could be hard for the first several days until a week after we break the neckline.

I am opening short position from today until before the airdrop, with the stop loss just above the resistance. (1270k sat).

If the neck line is broken, we could see the drop to 800-900k sat. Rebounces would be expected after that, but the price would not be higher than the neckline (+/- 1100k sat)

That is all, happy trading guys.

Cheers, kiki_and_jiji

*This is not a trading advice, it's just made for educational purpose*
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出