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NEOBTC

NEO - Could It Be....The ONE..? Possible ScenariosDecided to post a main analysis for NEOBTC, since the NEOUSD pairing doesn't seem to get as much attention. If you've been following my analysis at all, you'll see that I entered a long term trade at 2030 with my TRX profits, with a stop loss in the 1900 area (I forget where, specifically, since I've removed it for now). I did end up adding more at 2175 after the confirmed breakout. I did not set a stop loss, and I'm glad I didn't, because we retraced pretty heavily at first and I would've been knocked out of my trade. Since then, price has increased between 15-20%, although TRX has increased by a greater amount. Oh well. I'm trying this out as a long term trade, as I'm betting on a surprise turnaround in long term NEO sentiment. As you can see, we've broken out of the inverse head and shoulders neckline and have tested it as support. Additionally, NEO has been breaking upwards from what might normally look like bearish patterns. To me, this signals the beginning of a trend reversal. On top of that, we have four consecutive green candles on the weekly chart for the first time since the last reversal against Bitcoin. In my first NEO write-up, I used the log chart and predicted a drop to the $4-7 area once $16 broke down. We ventured into my buying zone (a lot of other people were looking at this area as well). I thought NEO could go down to $3.60, but it hasn't so far. It still could, of course, but I thought this had a high probability of being bottom, based on the reaction in that area. You can see that analysis here: Given this analysis, I'm led to believe we should target the 2620 resistance zone (in purple), especially if we break that pesky 2400 resistance. On the USD chart, we have resistance in the $12-13 area. Another reason to be bullish is that we've somewhat managed to hold above/near the 2340 area, which was the bottom of the last consolidation zone before the Bitcoin selloff in November. Daily and Weekly RSI both still have a fair amount of upside as well, and we're on the verge of breaking out of resistance on the Daily RSI. HOWEVER, Bitcoin has been showing signs of uncertainty and weakness, so we can't rule out a possibility that this will just be a failed breakout. There are three possible scenarios on this chart. Caution is needed in the current market conditions, so if you were to buy on the breakout of 2400, for instance, a stop loss would be recommended. This is not necessarily a trade setup and this is NOT financial advice. NEO has been a low-performer the entire year and is a risky play. You choose what to do with your money. This is just to show how I've been viewing the NEO price action, and why I've shifted from bearish to bullish. NEO has been on my radar for a while, and I kept kicking myself for not buying at $100 when it went all the way up close to $200. I'm glad I held off until now, needless to say. I might end up selling some if the market starts to look bad again, however. -Victor Cobra
by VictorCobra
Weekly Chart on NEOBTC - NEO Smart Economy I know this chart is a bit messy but all they are all important fibonacci levels that $NEOBTC could retrace back up to. Still be-aware that neo could fall even lower but I know must of us are not anticipating on that happening. NEOUSD traded around a high of $150 via coinmarket cap but now sit under $10. We could see that $30 level in the near future as thats where the weekly 50sma sit on $neousdt. Take a look at my chart on $GASBTC as it tends to move up or down when neo does, gas is way more volatile in my opinion. GLTA and may the bits be with you (; neo.org coinmarketcap.com $NEOBTC Prices as of 1/19/19 Market Cap $526,898,703 USD 140,998 BTC Volume (24h) $141,797,582 USD 37,945 BTC Circulating Supply 65,000,000 NEO Total Supply 100,000,000 NEO Max Supply 100,000,000 NEO
Long
by AaronX
Weekly Chart on GAS/BTC - NEO GasWeekly Chart with Fibonacci Retracements and Parallel Channel. Technical Setup in play as we are trending around all time lows. Gas up and get ready for a bounce back above .001000. Back on 1/15/18 GAS hit a high around $77 USD so as it sits around the $2 mark it is really attractive as a buy. Also keep an eye on $NEOBTC as it tends to move up with NEO for obvious reasons. neo.org coinmarketcap.com $GASBTC Prices as of 1/19/19 $2.28 USD (3.00%) 0.00060915 BTC (0.53%) 0.28067360 NEO (-2.12%) Market Cap $23,094,721 USD 6,170 BTC 2,842,768 NEO Volume (24h) $1,318,170 USD 352.15 BTC 162,256 NEO Circulating Supply 10,128,375 GAS Total Supply 17,190,378 GAS Max Supply 100,000,000 GAS
Long
by AaronX
Hording NEOGAS, speculative asset with towering reward:riskJust a follow up on one of my favorite assets NEOGAS. If you are intrigued by the argument below give us a like/follow! (CREDIT to Darky999) A few of us in this sub have been discussing / arguing / debating about the NEO vs GAS price. It's been a great set of discussions, and I've been deliberately antagonistic to others in order to really get a passionate debate flowing. And we certainly did that! It meant I was able to hear so many different opinions, and also to test ideas and theories. This culminated in me building a fairly large Excel model to tackle this question I reproduced the 'schedule' of NEO generating GAS - it matches the White Paper's exactly, and I modeled all sorts of scenarios over the next 20-30 years (see below for why). EDIT: HERE IS LINK TO GOOGLE -0.20% SPREADSHEET: docs.google.com I want to share some insights from that exercise, as the model itself is not the point here, it's what you learn from building it, and the dependencies that you observe that you simply cannot observe by just using words alone. You really cannot just say things and begin to understand the subtleties of the NEO/GAS dynamics, believe me, it's much more nuanced that you think. There is no way to model the NEO vs GAS price - lets just be clear on this, right now 99.9% of it is simply speculation. Just like ETH is speculation, hey Crypto is ALL speculation right now. However, if GAS is worth significantly less than NEO then NEO starts to be worth less and less itself, simply because it generates GAS - and it has actual value due to this GAS. ------------------------------------------------------------------------- The thread goes on. I recommend you have a read. More info here
BINANCE:GASUSDLong
by warrenhochfeld
1
NEO Trading Opportunities!Hey followers and other TradingView users! If You read and enjoyed my idea, kill the "LIKE" button or if You are new here, then press the "FOLLOW" button and get instant updates! NEO' offers to us some trade opportunities. After BTC' drop, all the altcoins are made a throwback. The healthiest trading setup is probably on the NEO' chart. After BTC price has stopped, NEO' price found the support from the strong area at $8. The support criteria: 1. Round number act as a support level 2. The trendline since mid of December 3. FIB retracement 38% 4. Old resistance from the end of December should act now as a support level. 5. Plus we already have tested this level and we got on the 4H chart reversal indication candlestick pattern Hammer. This Hammer is not so strong because of the current market situation. We have to watch more what BTC' do. If the bulls attempt to push the price upwards then NEO' has a very high probability to bounce upwards pretty quickly. But there is an even better setup! If the market makes another leg downwards then we might get a candle close below the mentioned levels. A 4H candle close inside the red triangle will confirm bearishness . Then we have all those criteria smashed and the ride downwards would start from there. The first target would be the $7! Please, don't forget to DESTROY THE LIKE BUTTON :) Thank You for your support, I really appreciate it! CHEERS! *This information is not a recommendation to buy or sell. It is to be used for educational purposes only! BTC Analysis:
by VaidoVeek