NEO: This Pattern Would Require More Time
SUMMARY
During a correction, the future always looks more bleak. Especially if you're in a position of zero cash to take advantage of discount shopping potential. Regardless, once this correction passes, as they always do; we can always learn form our mistakes. I've always said that a good trader is a bad trader who forgives himself for his mistakes, learns his lessons and tries again.
This chart of NEO depicts an alternate pathway as shown by purple lines. Triangles are often favored by Altcoins because they take a long time to complete; much longer than a zigzag or a flat. The white a,b,c,d,e pathway shows a correction of sideways price going until perhaps early March. This would certainly fill the need for the Hurry Up & Wait scenario. I've still added the larger abc (red) trend IF price decisively breaches the lower purple support line.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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@haejin I love this part of your post: "I've always said that a good trader is a bad trader who forgives himself for his mistakes, learns his lessons and tries again"
I was going to write the same feedback!
"I've always said that a good trader is a bad trader who forgives himself for his mistakes, learns his lessons and tries again."
Thank you Haejin. We agree on so much, I appreciate you addressing the emotions a lot of traders are facing today!
Thank you!!
LOL
weird. And still, oddly funny.
thank you, hopefully the corrections will end soon and the cryptocurrencies will return to their uptrend for the moment take advantage of to buy more
This correction too shall pass! They always do and much less painful than a kidney stone!
Wow, it must feel good to always know what's coming. Big ups
Good info to have Haejin, thanks.
@haejin. Thanks.
Thanks again!
HODL GANG! https://steemit.com/bitcoin/@investingtips/why-you-need-to-hodl-no-weak-hands-here
I believe that this is a game we all involved. In my opinion as bitcoin community grows up, governments and bankers now tries to bring down Bitcoin price to bye as much as possible they can. At this condition they can control whole market. So Other altcoins still follows big boss. The next rise of any altcoins include Neo depends on the rise of bitcoin.
IF governments own most of BTC; we shall simply make another, more cryptic coin.