BTC/NEO SETUP" Break above 200MA = Early signal!
Chart is pretty self explanatory. Breaks above 200MA often precede pumps, as do Golden crosses (when the 100MA crosses above the 200MA)
Right now BTC is pumping, which is either another head fake to distract from altcoin setups, or, if BTC.D pulls a reversal, then ultimate alt season really will be postponed.
I'm bullish on NEO either way (see previous charts below), and right now it's respecting this ascending channel.
Hopefully this is the start of a macro reversal and not a macro bear flag; only time will tell, but I'm bullish.
happy trades,
CD
Right now BTC is pumping, which is either another head fake to distract from altcoin setups, or, if BTC.D pulls a reversal, then ultimate alt season really will be postponed.
I'm bullish on NEO either way (see previous charts below), and right now it's respecting this ascending channel.
Hopefully this is the start of a macro reversal and not a macro bear flag; only time will tell, but I'm bullish.
happy trades,
CD
