NEO-BTC
NEOBTC , weekly update:Total profit 9901 in 4 days.!NEO/BITCOIN
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
*There is still possibility of temporary retracement to suggested support zone (0.0069 to 0.0058), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0069)
Ending of entry zone (0.0058)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 8 BUY trade(s) @ 0.007034(day close price) based on reversal candle (Trough) at 04.08.2018.
Total Profit: 9901
Closed trade(s): 1466 Profit
Open trade(s): 8435 Profit
Closed Profit:
TP1 @ 0.008500 touched at 04.13.2018 with 1466 Profit.
Open Profit:
Profit for one trade is 0.008239(current price) -0.007034(open price) = 1205
7 trade(s) still open, therefore total profit for open trade(s) is 1205 x 7 = 8435
All SLs moved to Break-even point.
Take Profits:
TP2= @ 0.0097
TP3= @ 0.0110
TP4= @ 0.0120
TP5= @ 0.0138
TP6= @ 0.0144
TP7= @ 0.0152
TP8= Free
Technical analysis:
Neo/Bitcoin is in a range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 55.
Neo buy opportunityAfter all NEO has turned and is now on its way up. This could be the third, motive wave and could lead us to 96 - 112$. At this level we reach the descending trend line and the price could turn into wave 4.
The correlation between BTC and NEO isn´t very high (0.23 on daily closes) but there is a correlation. So if BTC continues higher NEO also will do. And BTC shows good sentiment as well.
NEO is more volatile than BTC as can be seen in the comparison. With BTC rising it is probable that NEO rises faster (and vice versa).
Indicators:
RSI has crossed the falling trend
ADX shows neutral
Volume is good, so we could have enough momentum for the next trend
conclusion:
NEO has good chances for a short run up to 96$ (fib retracement) or above
Stop: If the price falls back under the support at 58$ it could have been a false signal and we´ve not entered the third wave yet
NEO thoughtsNEO popped hard in the past few months, but appears to be moving in a descending channel as of lately.
Currently, we're testing the very bottom of that channel, which also happens to be the __ fib level. This fib level has acted as major support for quite some time.
I think Neo has a great chance of moving to the upper area of this descending channel, but keep an eye out.
Buy: .0098 - .0096
Sell: .0132
Stop loss: ~.92
Not financial advice, blah blah
TA on NEO/BTCAs requested by you premium members, did a TA on NEO/BTC. Looks like now is a good time to enter $NEO as its touching its key resistance. I expect a bounce back up soon. $NEO has quite a few things coming up including an exchange called Neonexchange (NEX). I think long run, $NEO will do well simply because of its community and its social media presence on top of its constant new projects. Good entry now at 0.01032 btc.
NEO vs BTC the volatility got some agility! The NEO market has been nice and volatile against Bitcoin recently providing excellent trading opportunities for the shorter term traders. Lets take a look at the chart.
The 1day candles give us a clear view of the recent carnage and a good idea of the immediate support levels.
The experienced trader will notice the massive cup and handle is busy forming.
I am looking towards 0.01 btc as critical near term support and consolidation above this level will keep me bullish on Neo.
Should support fail at 0.01 there will be a new floor set.
Resistance is pretty solid around 0.014 – 0.015 and we will most likely see a battle between the bulls and bears this coming week.
Look for the moon above 0.015, safe trades.
Hang out with Crypto Traders on Discord.
Neo , A buy opportunity in NEOBTC is near. Be ready!!Technical analysis:
.NEO/BITCOIN is in a range bound and Resumption of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 42.
Trading suggestion:
Price is in the Buy Zone (0.0110 to 0.0101), we would set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (0.0110)
.Ending of entry zone (0.0101)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.0120
TP2= @ 0.0138
TP3= @ 0.0144
TP4= @ 0.0152
TP5= Free
Technical analysis on $NEODid a TA on $NEO as requested by you premium members. It appears that $NEO is retracing after the big spike. A good entry point would be between $129-$133 (indicated by the yellow box).
I think the bullish trend will still continue and on top of that, $NEO was given an A- in the weiss report (t.me) and i believe it will do well in the long run. Meanwhile, wait for some retracement till the 0.50 mark determined by the fibonacci retracement before entering.