NEO Update: A Healthy and Needed Correction Ensues

in bitcoin •  7 years ago 

Prices have retraced too far to indicate a set of impulsive moves are about to occur. Rather, the c wave of the abc is not yet done. I've subdivided each a and b and now c has to dip closer towards $25 to complete the correction. This is HEALTHY! NOTHING goes up straight for ever.


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Legal Mumbo Jumbo: 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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While I agree with your optimistic analysis on NEO, especially with the red pulse ICO on the horizon. I am continually suprised by the lack of attention Gas has recieved relative to the future of NEO. I believe GAS should be the real topic of conversation here as it the fuel for the platform that will drive the NEO network. NEO is just the dividen generator.

as a newbie to crypto, your analysis is super helpful.

Quick question that I hope you don't mind me asking: is there a cup and handle forming on LISK ?

I don't see the pattern on LSK. Can you post a chart of what you see?

Agreed, the pattern is natural looking with the exception of the early morning manipulation, but it will even out seeing as there was no shortage of buyers or sellers during that time period.

@haejin, thank you so much for the valuable information again. . I wanted to ask a question about price peak of bitcoin ($5000) & altcoins might catch cold (as you stated before). Do you recommend to sell (or reduce exposure) all btc & altcoin holdings before the correction? Your reply will be greatly appreciated!

I'll tell you what I'm doing. I've almost sold 2/3 of my Bitcoins into the current wave v uprise for >68% profit. I will be reducing Altcoins by 1/3 or more soon, also.

Thanks for the prompt reply.

  ·  7 years ago (edited)

When you say Wave 5, do you mean in Lisk?

No, Bitcoin is currently finishing wave v of 5 of III as shown here. Thus, I've laddered my profitable sales throughout this terminal wave.

so we should get to about 5k and then drop to 2k, for instance?

That is quite a drop. Would you expect a majority of altcoins will be following this trend? Got stakes in nxs, xrp, and stellar. Just thinking maybe soon might be a good time to cash out then buy back in when the dust settles...

I can only say that when Bitcoin catches a cold, the Altcoins catch the flu!

do you advice to sell holdings to fiat currency? or to Tether (USDT) coin?

I prefer USD

Would love to hear your thoughts on NAV given the recent parabolic move.

Here is the NAV analysis, please only use to augment your due diligence.
https://steemit.com/bitcoin/@haejin/nav-coin-nav-analysis-is-it-done-surging

Haejin, what is next for Verge? thanks! Resteemed

Here is the analysis for VERG, please only use to augment your due diligence.
https://steemit.com/bitcoin/@haejin/verg-xvg-analysis-take-a-look-at-this-extended-5th-wave

amazing! once again thanks for your confirmation of this. I think todays dump worried a lot of us long term Neo holders.

Could you take a look at TKN? Same space as TenX and MCO. Curious if people will flock to a third pay card. It's been a solid performer this last month.

Here is the analysis for TKN, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/token-card-tkn-analysis-will-it-correct

Can you do a TA on stellar please?

Hi Sporny, here is the analysis on XLM, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/stellar-lumens-xlm-analysis-stella-s-got-her-groove-back-the-answer-s-in-this-blog

upvoted. Yes a healthy correction indeed. But then again, if bitcoin falls, NEO will fall as well. What is the time frame for it to start off again? After bitcoin falls and starts it Wave 5?

Once the current uptrend changes to down, wave IV will got to about $2,000; then wave V up to $7k to $9K? Not sure on the probable height of wave V yet.

So, wave III needs to finish and its top is fast approaching. Not sure when exactly but soon.

Great analysis as always.
From the Fibonnaci just curious would the wave retracement for Wave IV be 0.382 or 0.5 - where did wave III start? I can't find your post on Bitcoin.

When Bitcoin falls will take NEO and all the other cryptos with them - so presume NEO rally will occur after Bitcoin starts Wave V?

Hi @haejin, any chance for un update on NEO please? Time to get back in again?