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NEOBTC

NEO Is Setup To Move Strong If It Can Stay Above This... 1000%+ NEO (NEOBTC) started to grow in late October 2019 after hitting a low in September. It managed to gain strong momentum and break above all major resistance levels in the form of EMAs, peaking just shy of hitting EMA300 (gray line). After a strong bullish move, a retrace follows... and for NEOBTC prices remained really strong and quickly moved back above EMA200 (brown). Now that prices are above EMA200, NEOBTC can easily make a strong jump. The fact that the price hit just below 0.5 Fib. retracement rather than 0.786, is another bullish signal to keep in mind. With that side, prices can still move lower and a drop below EMA100 (purple line - 0.001199) would invalidate most the bullishness coming from this chart short-term, but we still lookup. This is a good setup, NEO is looking for the long-run. Here is the weekly chart: Thanks a lot for reading. Namaste.
by AlanSantana
7
Local Support Double Bottom| Low Volume| Tend Change?Hello Traders! Welcome to another update, todays chart will be on NEOBTC currently resting on the .50 Fibonacci level, will bulls have momentum to push NEO further up? Points to consider, - Trend change attempt - Double bottom as local support - EMA’s giving resistance - Stochastics in lower regions - RSI bouncing of support - Volume clearly declining A trend change will come to fruition if NEO holds this potential double bottom; this will put in a new higher low. The double bottom is in confluence with the .50 Fibonacci level, putting more emphasis on the importance on this level. EMA’s are currently giving price resistance, will push NEO down if no bull volume comes through at current given time. The stochastics are currently in the lower regions, can stay there for an extended period of time, however lots of stored momentum to the upside. RSI is bouncing of support, must hold, a break will most probably send NEO to lower levels. Volume has declined rapidly, a clear indication that a move is imminent in either direction with in influx of volume. Overall, in my opinion, a confirmed trend change will come from the respect of the local double bottom. A break of this level will increase the probability of NEO testing lower levels as the trend will still remain bearish. What are your thoughts? Please leave a like and comment And remember “Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
by AzizKhanZamani
Is NEO ready to SURPRISE everyone?NEO is on the verge of a larger breakout. How far is bull-run from the truth? Not far, is it? What does the chart tell us? Please understand longer-term volatility is still in the stage of compression. This can be seen by the purple 200 MA Bollinger Band. Because we are compressing, the market is building up potential energy, or in other words conversely shedding mass. Soon there will be enough energy (or little enough mass) to move the markets one way or another. The longest daily over-expanded period is 65. This can be seen on the three-dimensional heatmap, and as soon as enough volatility evaporates, NEO will be ready. The longest 4H over-expanded period is 508, and therefore we could see a further decline to around the 1106 level. Please, use the lower 50 MA Bollinger Band (turquoise color) for approximate reference on the daily graph. Commodity Channel Index, custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis. This is not a financial advice and you agree to take 100% responsibility. Follow @MeowSignals for more insights! Also make sure to visit our... Facebook: www.facebook.com Website: (coming soon)
by UnknownUnicorn6031161
Blockchain Faces Big Challenges But the Opportunity Is EnormousThis post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Don Tapscott is the author of 16 books, most recently with his son Alex, Blockchain Revolution. He is Executive Chairman of the Blockchain Research Institute. In 2019 the blockchain revolution ground to a halt. At least that’s the word from those who should know. A recent Gartner Group report called it “blockchain fatigue.” Other pundits echoed the view that pilots have fizzled out, few implementations have gone into production, and blockchain is likely to be a marginal technology. Empirically, this view is incorrect. Our research shows hundreds of production systems underway across a dozen industries. Most of these are based on Ethereum, Hyperledger, or Corda but other platforms are emerging. Global trade finance is moving to blockchain. TradeLens—IBM and Maersk’s joint blockchain initiative in shipping—welcomed its first round of new shipping giants this year. Everledger has expanded its efforts to eliminate conflict diamonds into China via a WeChat app. Token offerings that raised upwards of $10 billion in the last year alone have disrupted venture capital. Mind-boggling initiatives are also underway related to digital currency and economic inclusion. India’s Reliance Industries, for one, announced that its mobile subsidiary Jio will turn its 300 million users into the world’s largest blockchain network; Facebook proposed Libra, the crypto asset that could turn the social media giant into the world’s largest retail bank overnight. Then the People's Bank of China revealed that it was “almost ready” to launch a sovereign digital yuan for international use. President Xi Jinping urged the rest of China to “seize the opportunity” provided by blockchain to accelerate the nation’s innovation. This all sounds like “full steam ahead,” not “blockchain burnout.” So, what’s going on here? 1. Blockchain has a PR problem The words blockchain or crypto still conjure up images of bad actors, criminals, and get-rich-quick hucksters using a new technology to commit age-old frauds—and there has been plenty of that. Meanwhile, parochial infighting and juvenile squabbling has reflected poorly on the ecosystem as a whole. But we are witnessing swift and legitimate progress on standards. For example, the Enterprise Ethereum Alliance launched a platform-neutral Token Taxonomy Initiative (TTI) in April; by November, TTI members from competing blockchain platforms were able to publish their first shared framework for business models and networks based on tokens. Collaborations such as the Blockchain in Transport Alliance have made industry-specific progress on, for example, a standard for location components and a framework for tracking events. This sort of interdependence will be the key moving forward. Also, institutions such as the Chamber of Digital Commerce are proving themselves crucial allies for governments hoping to strike the right regulatory balance. We’re doing our part at BRI by highlighting use-cases and the need for governance and cooperation and change at the societal level. Extraordinary leaders like SEC Commissioner Hester Piece, the Bank of England’s Mark Carney, the Commodity Futures Trading Commission’s former chair Chris Giancarlo, and nominee for Democratic presidential candidate Andrew Yang have emerged as advocates. Momentum is building. 2. Blockchain is running head-on into the system of laws, regulations, and structures that govern society. Freedom of speech and information is protected by the US Constitution to be open. But when it comes to assets, all our systems of laws and governments are designed to keep these closed, proprietary, and owned by the powerful. It’s no wonder blockchain and crypto are taking a long time. They’re confronting many fundamentals of how our economy and society work. As Giancarlo said in a recent interview: “The late 20th Century digitization of information through the Internet took place in a regulatory ‘light’ zone due to the US Constitution's protection of speech from Federal government interference. Conversely, the early 21st Century digitization of value is taking place in regulatory ‘heavy’ zone because of the long-established authority of US state and federal governments to protect property rights, including those of consumers of financial services (banks, trust companies and other financial service providers have been subject to both state and Federal regulation for decades). As a result, the practices that guided the digitization of information (i.e., ‘Don’t ask permission, ask forgiveness’) when used for the digitization of property rights are particularly provocative to the established legal and regulatory order, as we have seen with initial coin offerings.” Regulation represents by far the most significant hurdle for blockchain innovators, according to a survey of executives and entrepreneurs conducted by the Chamber of Digital Commerce Canada and the BRI. Existing regulations favor incumbents over disruptors. Blockchain presents new challenges to regulators looking to protect consumers and markets, but the rigidity with which they have approached blockchain has often stifled innovation and growth. As a result, major economies like Canada continue to see “company drain” to friendlier jurisdictions. As we’ve seen with Switzerland and Singapore, the first major jurisdictions to establish favorable conditions for blockchain ventures will reap the rewards in jobs and economic growth. 3. The technology is still immature To borrow from the late Roy Amara of the Institute for the Future, we tend to overestimate the impact of a new technology in the short run, but we underestimate it in the long run. To thrive in the long term, blockchain faces implementation challenges beyond regulation and the active inertia of incumbents. Interoperability. Like the early days of the Internet when private intranets dominated the scene, blockchain is balkanized in silos. Projects like Cosmos and Polkadot or the partnership between Ethereum and Hyperledger may enable an interoperable Internet of blockchains in the first half of 2020. Scalability. Most platforms have much to do to scale their solutions. Ethereum, a dominant platform for smart contracts and application development, can still process only 15 transactions per second, and its Istanbul upgrade faced numerous delays. Interoperability may alleviate this problem as users marshal multiple blockchains to achieve scale. Usability. Buying or selling crypto is still difficult. Participation in the cryptocurrency ecosystem requires a level of validation that most users find unappealing. Complex security processes have become barriers to adoption. Creating more user-friendly processes for buying and storing cryptocurrency securely is still a crucial challenge for the industry—and Microsoft, Overstock, and Virgin Galactic are among the very few places for households or corporations to spend it. Security. Blockchains are more secure than traditional computer systems, as John Oliver pointed out using my chicken nugget analogy. But hackers can still breach apps, systems, and businesses built on blockchains. In 2019, $250 million went down the drain on one exchange alone—QuadrigaCX—with its deadly centralized business model. Data rights. Internet users create the “new oil”—data—but the digital landlords capture all its value. The solution is not just government protection of privacy (like the EU’s General Data Protection Regulation) or even charitable landlords offering users access to some of their data. We believe that self-sovereign identities on blockchain will enable us to capture and control our own data. While there are promising identity initiatives underway (Sovrin), we’re a long way from a radically new identity framework. The Stakes If business and government leaders fail to act, the consequences could be stark. Consider the race to a global digital currency, likely a big theme for 2020. First, there were traditional crypto networks like bitcoin. Second came corporations like Facebook (can other digital conglomerates be far behind?). Next up are nation states, with China implementing its digital currency in 2020 as a step toward replacing the US dollar as the currency of record. This will no doubt stimulate the US Federal Reserve to push ahead with the digital dollar. As other countries join in, we may see Mark Carney’s vision of a “synthetic hegemonic currency,” which would grow from a basket of other fiat currencies to dominate money globally. In the coming year, central bankers, policymakers, and business leaders—all of us—will decide what the future of the digital economy will look like. Western economies have an opportunity to embrace decentralization and the Internet-of-Value and, in doing so, maintain their leadership positions in the global economy. But leaders will need a level of flexibility and openness that we have not yet seen. As with everything bold, the future is not something to be predicted, but achieved. Now more than ever, the question of who will build that future should be top of mind in 2020.
BITSTAMP:BTCUSD
by GoldSilverAnalyst