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.
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.
