NEO is still charting pretty damn clean on the daily time frame! After pushing through resistance, it came back to test and gave us a nice reversal candle entry right at that level.
Note, I tried to write this post 24 hours ago, but steemit was down.
Bullish U-turn
So you may be wondering, what the hell is a bullish u-turn???
See the Candle I Circled?
- Bullish U-Turn!
Thus I entered once that candle closed and the new one opened, got in at 32.40 roughly.
If it was a trade
Your stop loss exit would be a breach of the reversal candles low (the bottom tail)
However, I just used it as an good entry point to add a small amount to my existing position as I am holding NEO for a long term investment and prefer to add on buy signals as opposed to just randomly chasing it.
Other things I use and/or invest in:
- https://1broker.com to use my bitcoin to trade stocks and currencies commission free.
- https://bitconnect.co to earn daily interest on the bitcoin I lend out.
Note: these are not recommendations, just items I use and have invested in personally. The links are referral links.
Best Regards,
NEO is one crypto I don't trade.....I just HODL NEO for the long term. Waiting for china to give NEO the green light.
Heck yeah man. I just using the buying entries to build more core position for the most part. I want twice the NEO I have!
Same here..im trying to build a decent position in chinas gold standard crypto
Pretty perfect "cup and handle"! Prolly due for a nice uptrend, acc to
This is a pretty clean intro to crypto trading tutorial. I developed an intro to trading course for equities a number of years ago, along the same lines just expanded as it totals more than two hours of videos.
Agree with you, I'm also a long term NEO holder =)
yeah !
with the talks of china re-opening exchanges in the end of the month neo is starting to look very good.
Thank for the heads up. I'll be looking to buying more of NEO. Do you think the RedPulse ICO will bring up the price in NEO?
Hadn't even heard of RedPulse. Now I gotta go look at yet another coin! lol ;-)
I wait and see now
I actually sold the NEO I had, it wasn't much and I'm going to try and hold BTC until the fork. I am hearing some pro's say that alt coins are going to dip as the whales sell out to hold BTC and wait for the next fork. Then buy back the alt coins and BTC will probably dip again but ultimately will go higher over time. I know it's rumor speculation but I think it's a safe path for now. I also hold WTC since it's about to explode as they release more news. WTC is almost $8 without hardly any news of development in while and there is a press release about to be published that sounds promising. ^^
@solaryguy, what exchange did you get WTC on. Seems it is hard to find.
It's on Binance.com It broke $8 today. I actually bought more. And China is probably not going to close exchanges forever, they working on regulations, so those cheap chinese coins today will be worth more later.
If you get WeChat on your phone I can invite to a group you'll fit right in with. Lots of pro's and dev's in it from, whales a dolphins circling me, get to hear some news live before the west wakes up and rocks the markets.
I'm actually getting a new phone next week, so will look into adding WeChat then. I'll check out Binance.com in the meantime, thanks man!
Not a bad game plan at all @solarguy! Hadn't heard of WTC....so many coins, so many coins.