MichaelvandePoppe

NEOBTC 1D Timeframe 3 December 2017

BITTREX:NEOBTC   Neo / Bitcoin
As I've charted this one before on Twitter, I'll post it on Tradingview as well.

I'm extremely bullish on NEO and I'm expecting altseason to start sooner then we might think. As we zoomed out on this chart, applying Fibonacci and the Elliott Wave theory will give us that NEO bounced on the 2.618 level in Wave 3, landing around the 2, which was in August. Currently it's almost fully retraced and as you might see in one of my other charts, it's in a falling wedge right now, which could induce a flippening and bullish signal. Also on the 1D chart we're seeing a bullish divergence . The price is on the same level as beginning november, but the MACD and RSI are both in a small uptrend.

If we are fully retraced, we'll be starting leg 3, which can lead us to 1.9 million satoshi at max, possibly landing on 1.6 million satoshi. Don't pin me on the date, but it's achievable in Q1 of 2018.

Will update this chart on a weekly basis.
What are your thoughts from where we stand rn?
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