Al3x_2020

NEOBTC: extending the correction lower

BITTREX:NEOBTC   Neo / Bitcoin
NEOBTC             is still extending lower and will possibly hit the support area identified earlier.

If NEOBTC             extends to 1.0 - 1.236 of the A wave in this C wave it would lead to nice confluence with the previous wave 4.

It is quite common for a wave 4 of the higher degree to retrace to the wave 4 area of the previous lower degree.

Be ready to accumulate in this area, as from that point onward we can see a strong rally in the wave 5 (or perhaps something even more bullish , who knows). Target shown in the graph.

The wave C often 'feels' like a crash, to be prepared for that emotionally. Good thing is that BTC             is not crashing (quite the opposite) so in USD the value stays elevated.
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