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RE: NEO Needs Some Serious Buying Action to the Rescue to Avoid a Major Bear Threat
Nobody knows brother...there are different strategies in TA..with EW in particular, the current counts stays until it is violated
@shawnster yes I agree with you, TA is not an exact science. But in this case, there was a clear pattern with NEO that anyone who has been doing TA for more than a few months would know. The decline in volume, the overall bear market, the diamond pattern. I can see NEO going a lot lower (perhaps the $60-$70 range) before it makes a real rally towards his numbers. It seems like these are all the pumped out and people upvote because they're holding the coin. Not only that, but BTC dominance is at over 40% which means the only way to get alts moving again is when BTC makes a move upwards, which may not be for some time.