NEO extra analysis follow up:

Yesterday we spoke about how a rejection from POC resistance was likely and how NEO would need a retrace to gain more traction from the bulls.

Indeed, NEO got rejected from the POC and retraced towards the purple trendline.

Having said that, the Lower Low hasn't been breached. In fact, a long downward wick ventured into lower price levels in an attempt to garner that buy interest.

But this wick ventured into a Volume Gap. Are there many lingering buy orders in a Volume Gap? Not too many.

So though a bounce from here could happen, I expect this relief to be short-lived because the buy interest in a Volume Gap isn't too fervent.

At some point in the future the purple trendline may be broken which could send NEO towards 'bargain buyer' territory - an area where there is clearly a lot of buy volume.

BTC/USD - 1D - 29.08 - Followed the path well and finally reached ~$9,300

This is where BTC will make a major decision on trend

Losing $9,000 - $9,300 spells a deeper retrace ahead

My latest article got featured on Hackernoon as a Bitcoin Top Story today.

"Is Bitcoin in a Bull Market or a Bear Market?"

Check it out if you missed it:

https://hackernoon.com/is-bitcoin-in-a-bull-market-or-a-bear-market-rhao3cl3