Neo the sleeping Giant
BITTREX:NEOBTC Celebrated its second anniversary today, signifying two years of stable operations since its Mainnet launched.
As well as many others BITTREX:NEOBTC is in good accumulation zone with 60%+ near Target ..
I see it can drop more 15%-25% from current price .
However , i advise to be patient and divide your investment starting from current price till the bottom of the accumulation zone marked on chart ..
NEOBTC
NEO BTC CUP & Handle
NEO can make a cup and handle against BTC and still grow a little bit until they hit ichimoku cloud
Stoch is near at overbought zone so we need to calm down a little bit and also the price will going down slowly,IF BULLS can manage this,we can see here a cup & handle and a breakout til 0.00256
Macd going to neutral zone
Rsi bullish
But,all depends on BTC and also an important role is the volume which is increasing at the moment so it s positive.
Entry only at 0.00248
Neo entry at confirmed support gained. (2798)As Neo has exited it's trend, it's recovering from a bounce off of 2777 level.Enter Neo at 2978 upon confirmed entry close. Stop out a few sats below 2777. Nice safe trade for a good (5% safely) or 10-20% if you like a little more risk.
Chose your target from the levels I've marked above.
#NEOBTC levels if we see continued weakness in #ETH and #BTCin the coming days/weeks - good possibility to establish a high time frame bullish divergence based on RSI. Similar to the recent #ETH strategy I posted:
200-220k Sats region that I'd be interested in bidding at, which should be an area of continued high demand based on 2017 EOY demand level shown.
NEO (NEO/USD) Could Start To Approach the 2018 Low LevelAs Bitcoin', so as almost all the altcoins have made a breakout below the major counter-trendline which indicates bearishness and at the moment, NEO' is down 13 percent from the yesterday's crash and it trades below the mentioned trendline and below the support levels.
It has broken all the important support levels and the only one what is left is an August low level which is also 2018 lowest point at $13.68. If the market doesn't show us that power which will guide us to the higher prices then NEO' start to approach the 2018 low level.
Around this area is also Fibonacci extension levels, at $14.27 is a 141 percent and at $13.33 is a 161 percent extensions.
To invest into the NEO' is a bit risky because the current bounce came from nowhere and we don't have a clear picture of what it could do next and currently, NEO' price movement depends very strongly from Bitcoin movement.
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NEO/BTC Bullish Div. Possible Bottom and ReversalNEO / BTC Bullish Divergence on the 1D Chart and RSI. RSI has been making higher lows, and yet price has pushed sideways.
I've also identified some historic support (blue) and resistance (red) levels to watch.
The price has been ranging sideways for some time now. On top of that, an ABC correctional wave may have taken place, if you are familiar with Elliot Wave Theory. (note: this theory is good for analyzing previous price patterns, but I do not like it for price predictions. It's just too easy to chart them incorrectly.)
There is never a guarantee in the market, but it looks to me like the highest probability break from the current consolidation is to the upside. That is why I have decided to take up a medium sized position here (6%)
I am currently finding positions for the mid to long term, based on where we are in the market cycle. Therefore, I have not been posting target price ranges, but instead the resistance levels to watch, so that you can decide for yourself if you would like to sell at a given level.
Look at the volume, moving averages, and bearish candle reversals on longer time frames like the 1D, 4H, and even 1W to help you decide if you want to sell at a price level, and how much (I usually sell somewhere between 25% and 50% at a price level that I like). And please, do not sell unless you are either in good profits or are breaking strong support under bearish market conditions (If I see this, I will update). You could also use a Stop-Loss.
Overall, the setup looks really nice for long term growth.
Good luck traders :)
GAS/BTC Flattening out and looking goodNEO and its other token GAS are very interesting projects, which had a lot of momentum but during this bear cycle, they have taken a beating. Gas, in particular, is way down to less than $6 USD from its ATH of $90.
It seems to have leveled off and hit a bottom. I am entering pretty large into a position in GAS. My thoughts are that we are entering into a mini alt season and some of these low hanging fruits are going to pop. Will it reach its ATH? probably not but it could easily double.
On the TA side there is a pretty busted bullish divergence, maybe it's not textbook, but to me, it is still valid. Because I entered a large position in GAS I am keeping a tight stop loss and keeping my eyes on the market.
PLEASE TRADE AT YOUR OWN RISK. I am not a financial advisor, just a robot from the future who is publishing a trading diary. Educational purposes only.
#NEOBTC great risk/reward for current channel tradePrice action is a bit boring over the past couple of weeks in this channel, though some high volume bursts could indicate accumulation (note this also happened in earlier areas which subsequently gave way to lower prices). However, the well defined channel and stop loss level paints a nice picture for triggering a trade targeting the top of the channel. Simple R/R makes this a good long at this level.
$NEO, Lazy Curse…
Weekly
Looking at our trend timeframe we see price continuing to respect it’s downtrend, stochastic rsi showing momentum in favor of bears with no signs of reversal. Last time we were at this price we saw a run from 200000 up to 1300000, will price action repeat itself?
Daily
Shifting over to our pattern timeframe we see price has formed a triangle, do we see continuation or a reversal here? A daily close above 282500 activates our trade, however if rejected at this level expect a our sell of to continue towards 200000. Stochastic RSI showing momentum in favor of bulls, leaning towards a break towards the upside.
Updated Neo Outlook. Bullish move forming on support.Support has been confirmed now as seen in the Yellow boxes. A move up should follow, with a test target of 2842. At 2842 expect to see a pullback, and if 2842 wicks past we will gain the 2810 support. 2810 support is only confirmed once we wick past 2842.
NEO - A Sleeping MonsterLooking at NEO's weekly chart, huge hidden bullish divergence can be seen in NEO's price/MACD comparison! Not only that, but the MACD is showing a near bullish crossover as well. Weekly RSI is 34 which is the lowest it's been since its inception. All of these are buy signals for me. With NEO sitting a on strong support, the upside here is massive.
NEOUSD: a storm is comingNEO is staying in a narrow sideways trading channel for a while. First, the downtrend is broken. Second, look at the volume for all that period and now the liquidity is very low and the volume dropped too, just like with BTC – IMO, no doubt that there will be the rise and it will be a huge one. It's just waiting for the bitcoin confident move upward.
Not a financial advice.
NEO FOLOW BULLISH OR BEARISH TREND AFTER BREAK WIDGE Neo in Bullish Mode after long bearish trend already make a Widge now 70% chance to break this Widge trend line so we have to opportunity here for Long Trade
Buy for Long term and make 2x to 3x in arriving days
Also show a 33 Degree overbought trend closed
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[NEOBTC] NEO's Turn For Profits [400%+ PP] The cryptocurrency market is an amazing place. This is truly a place of opportunity for the common people. Here, you can participate regardless of your race or the place you were born, your age is of no importance and you have the opportunity to earn as much as you can/want.
When an opportunity is gone, another one shows up, and if you miss NEO, there will be another coin/token/altcoin/trade (job, chance or whatever - more opportunities will always be available to you)... Now, why is it so hard to believe what we already know and have seen over and over again?
Is it that "it is too good to be true", or simply that we tend to forget? Let me show you the NEOBTC chart, 450-700%+ profits, can be generated over and over again.
- July through August 2017, NEOBTC goes on a run and gives out over 450% profits.
- December 2017 through January 2018, NEOBTC generates over 700% profits.
- August 2018 through December 2018, NEOBTC generates over ??? profits!
- RSI and STOCH oversold.
- MACD curving up.
Trade instructions for NEOBTC
Buy in: 0.00265 - 0.00275
NEOBTC Targets by Alan Masters Trades (AMT)
(1) 0.00301
(2) 0.00381
(3) 0.00461
(4) 0.00531
Stop loss: Close below 0.00251 on the weekly. If this level does not hit and closes below on the weekly, this trade remains open and active.
Capital allocation: <10%.
CONSISTENCY CAN BE PART OF SUCCESS
Consistency is what I want.
From me to you, consistency is what you get.
If you really want to achieve that dream of yours, forget about complaining, you have to focus on success.
Think of it over and over, even though if some part of your life are not what you want them to be.
Keep on focusing more and more, harder and harder... Once more, on that dream you want to achieve.
Yes that time might come when things get hard and you totally forget about success.
But you just have to keep on going...
Consistency will take care of the rest.
Namaste.
NEO could revisit $17NEO continues to look weak after hitting highs of $20 a few ago but that is all forgotten now that we are staring at a possible $17 handle again. It has constantly found resistance at the EMAs and they finally did crossover, which saw a big spike down in price a few days ago following BTCs drop. It did break the demand zone, which has now turned into resistance and most indicators are painting a bearish scene.
MACD continues to drop like a rock while histo is turning upwards slightly while RSI hasn't been able to break above resistance and is looking like it wants to rollover once more. A short scalp can be played here with a decent R:R with a stop placed above the now supply zone and FIB level.
Thanks guys