NEOBTC Rising Wedge with Possible New Support
Inspired by @Trading-Guru's idea, which I have been following as a basis for scalping NEO, I wanted to make a few updates that I have incorporated into my strategy.
Essentially this falls in line with the referenced Idea, although the RSI, along with a breakout and subsequent reversal at the previously standing support zone for this timeframe, if things continue to play out favorably for this pair, we may have a support zone a bit higher than initially thought and can adjust the upper end of our scalping accordingly.
This is my first idea I've actually posted (Thanks @Trading-Guru for the inspiration from your quick updates series).
Cheers,
Jon
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I think I'm supposed to put some sort of disclosure, so here it goes:
I'm a stupid talking ape, if you want to take advice from a stupid, talking ape... that's on you. If you wouldn't ask a zoo animal what you should do with your money, don't ask me.
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Essentially this falls in line with the referenced Idea, although the RSI, along with a breakout and subsequent reversal at the previously standing support zone for this timeframe, if things continue to play out favorably for this pair, we may have a support zone a bit higher than initially thought and can adjust the upper end of our scalping accordingly.
This is my first idea I've actually posted (Thanks @Trading-Guru for the inspiration from your quick updates series).
Cheers,
Jon
==========
I think I'm supposed to put some sort of disclosure, so here it goes:
I'm a stupid talking ape, if you want to take advice from a stupid, talking ape... that's on you. If you wouldn't ask a zoo animal what you should do with your money, don't ask me.
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Komentarz:
Recent BTC:$USD breakout caused the VET:BTC price to drop, but was denied pretty much dead center of our original support zone, indicating that 0.001050 BTC is a strong support for VET and may mark the bottom for some time ahead.
Komentarz:
That didn't play out as expected!
Although it's holding up against USDT.
Just goes to show you, keep your stop-loss reasonable and do your own research.
Although it's holding up against USDT.
Just goes to show you, keep your stop-loss reasonable and do your own research.