I'm waiting to reenter NEO, looks like we have a good chance to rally from this level later on, after the 8th or the 13th this month, at least...possibly later on as well, but it's yet to be seen how prices align with the timing of pending fundamentals as we move forward. The picture is becoming clearer by the day for me, which is when we start having good results from our combined technical and fundamental approach. Keep in mind the amount of shorts that are trapped here, they can single handedly push the price over $130 easily once squeezed. You can wait and enter on the breakout, or accumulate positions on dips.
Best of luck,
Ivan Labrie.
評論
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I'm long, adding gradually so far, last add was at 31.114.
Waiting for the weekend news, the Red Pulse ICO and the conference on the 9th can ignite the fire of the next big rally I predicted, a bit ahead of schedule...Korbit might list it by the 15th, as well, which should fuel the rally higher as well.
@KiemCoin, interesting fundamental events timing...cheers.
Incarnation
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What's the sentiment now?
IvanLabrie
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@Incarnation, I'm interested in it, but will wait for news about the Chinese communist party congress...
Still capped at resistance here:
janor123
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1 hr RSI sitting around 50 right now, would you wait til it drops lowers to the 30-40 range before entering?
unitednoobies
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Hello IvanLabrie, where did you see the "amount of shorts" in NEO?
IvanLabrie
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@unitednoobies, just based on negativity towards China risks...
NEVERMIND1234
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what price do you think is a good entry?
IvanLabrie
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@joacorod1, it's not a matter of a numerical value, but of a juncture of price and time, to catch the continuation of the trend without sustaining losses, this allows us to size our trade as big as possible, having good risk/reward. I did specifiy dates to keep in mind, you can read about the method I use in @timwest's publications too.
Cheers!
Benimen
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Ivan, are you holding your positions on exchanges? You posted a Bittrex chart here, so are you holding on Bittrex or do you withdraw to your own wallet is the respective Crypto?
twitter.com/red_pulse_china/status/916196919264788480
coin.red-pulse.com/