HODLBro
Short

NEOBTC Fib: Possible Buy-in following consolidation v2

BINANCE:NEOBTC   NEO / Bitcoin
Note, short assuming recent boost up has finished, and the market follows the previous cycle. If so, we should now see a pullback down followed by a period of consolidation, and I would expect a longer term buy-in opportunity to be around the following marked on the sketch, based upon fib ratios.

As Neo has been strong recently and is seen as a good coin, I have gone for a conservative buy-in within the 50-60% range, although if the bulls move on, this could correct lower.

Opinion not advice.

Comments welcome - 1B2rBfu9X4nms6EtuQWDQuNy87Jn9hYkJs for BTC 2.48% 1.99% donation if you find this helps, and want to spread the love!
No way.
Not that fundamental analysis is is more important than technical analysis but more than 20 ICOs will be launched within March and consensus nodes will also get decentralized. You cannot ignore these facts.
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HODLBro DeusNovac
@DeusNovac, thats why you set buy and sell groups - if the fundamentals buck the trend, then you adjust your charts to compensate. Always difficult to graph over this timeframe, but its useful to start to plan your buy-cycles....

Either way will be interesting to see how the fundamentals really affect the price/market cycles. You can use this as a basecase if you like ;) However, I would be careful not to be too bullish on the tech or market factors... Yes these affect the buy and sell decisions of many, but the market is the market, and right now altcoins are slaves to BTC. If BTC continues to cycle down, it doesnt matter how positive you are about the market, you will loose money if you buy back in too soon.
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