NEOBTCLONG
NEO BTC the Chinese Bitcoin still fighting for its gloryNEO still fighting to get some top position in the Altcoin market, but in general NEO is going south, and it will be for quite some time, it probably will visit an old candle that it printed in NOV 2017 down towards the 0.00008600 area
So the new range will be: 0.00008600 btc - 0.00030000 btc
Only for entertainment purposes
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What do you think?
NEO/USDT Get is right now and double your money.This is an easy one, NEO has been making me good gains since a while back. It is resting at the bottom of a very reliable trendline. If you buy now under $10.00 you can double your money easily, just sell once it hits near or at resistance which in this case is the upper white line. If it goes down (Which it could) it won't go lower than $5.00 and the upside is $200.00 in the very long run. I would commit 25% of my capital to this trade which will take a few weeks to develop. All of this, of course, is in regards to paper trading. Follow me and get more heads up! Like this one.
$NEO/$USDT - 50% Bull move in week aheadAs USDT pairs move with BTC, currently BTC tested the 0.38 retrace level and likely to use it as alternated support for a bullish continuation before the month closes out. Now looking at NEO which is a better pick to be on during BTC rallys due to the larger volatility - thus % gain, we can see the last pull back was a 0.38 retrace of the former markdown to $9.75, this is now sitting on the 0.618 retrace level which is ideal for an Elliot wave 2 criteria. Expecting to see a short-term pivot up to $14 where it will again retest the 0.38 retrace of the larger macro wave, this level also has confluence with the 0.618 fib extension if we see a bounce here. $14 is the first target, and if we see a break out above this and the bearish trendline, next target will be $18 at the 1.618 fib extension (also showing confluence with the initially supply of the larger macro wave).
On the Weekly charts, BTC does look like it will have a bearish run during August and possible September as it moves towards $7,500 area. But prior to this we are likely to see a pullback now to trap bulls in as the bear market resumes towards the end of this month. Great entry here around the $11 range with a tight stoploss.
NEO is preparing for somethingNEO/BTC is forming an ascending triangle .
NEO many times bounced off of the rising support of the triangle, constantly creating higher lows .
The ceiling was tested many times, so next time 0.00163 expected to fail.
Targets for a breakout to the upside on the chart
Breaking down invalidates the pattern. Always practice risk management.
Fundamentally NEO prepares for something big. NEO has so little attention today with this new coins, but accumulation we've seen on NEO looks impressive. NEO 3.0 coming next year can potentially be a game changer.
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The information given is never financial advice. Always do your own research.
NEO consensus protocol upgraded, on schedule for NEO 3.0NEO upgraded its consensus mechanism ahead of the scheduled move to NEO 3.0 in 2020.
Often referred to as “Chinese Ethereum,” the company has been making moves in 2019 to increase its global footprint. NEO recently opened a U.S. office―NEO Global Development Seattle, led by former Microsoft executive John deVadoss―and hosted its second developer conference in the same city.
Part of the process of readying the NEO blockchain for version 3.0 involved updating its Byzantine Fault Tolerance (dBFT) consensus mechanism. The upgrade to 2.0 makes the algorithm more resistant to disruptions and node failures, said a representative from NEO.
Irreversible and unforkable?
Compared to proof-of-work (PoW), the consensus mechanisms used by Bitcoin and Ethereum, where blocks are solved by computers “mining” blocks, the dBFT mechanism works by using a small group of trusted servers (nodes)—currently numbering less than 10—to secure the NEO blockchain.
DBFT ensures transactions made are irreversible and that forks cannot be made to the NEO blockchain. Version 2.0 will “guarantee immediate transaction finality and includes a recovery method to help failed nodes on the NEO network get back online with minimal disruption,” according to a release from the company.
The new consensus mechanism will also make it so the NEO blockchain cannot be forked, making the system “truly irreversible.” The feature is a benefit for enterprise applications of NEO but may pose problems in the future around the decentralization and governance of the system.
According to Erik Zhang, co-founder of NEO and the protocol’s architect:
“With this improvement, dBFT will have more strict finality. Users only need to wait for one confirmation (15 seconds) to ensure the irreversibility of the transactions and prevent double-spending. This is very suitable for financial applications.”
NEO 3.0 is on schedule
The upgraded consensus mechanism is just one part of NEO’s roadmap to NEO 3.0, a completely new blockchain that will require users to swap their tokens ahead of the migration. Work on version 3.0 is ongoing and NEO’s GitHub page lists the upgrade as 62 percent complete.
At NEO’s 2019 developer conference, Da Hongfei, the co-founder and CEO of NEO, said he wanted NEO to be the number one blockchain by 2020. NEO hopes 3.0 will make the blockchain ready for large-scale adoption by companies such as Alipay or WeChat.Version 3.0 is expected to launch Q2 of 2020 according to an earlier statement from the company.
NEO, currently ranked #19 by market cap, is down 1.22% over the past 24 hours. NEO has a market cap of $806.59M with a 24 hour volume of $396.41M.
This is what I see right nowFYI my trend lines are drawn on the monthly.
To me it appears NEO is hitting the bottom trend line in a falling wedge, from here we either break below 1500 and free fall as others are saying, or we hold and bounce back to the upper trend line of the falling wedge. What do you think?
The NEO 10x'erIf you're here, right now in April 2019 reading this, you are in a fantastic position to rake on NEO. A few things stand out immediately as it relates to timing.
1. The bottom is in, and it was (essentially) at .00017 BTC.
2. There is a new uptrend established on the purple line, bouncing off it three times since Dec 20,2018.
3. At the beginning of April the 20 EMA moved in a unique direction - nearly vertical.
NEO is absolutely primed to explode. In addition to the bottom being in, we can look back to NEO's previous two major runs and see similarly sized parabolic rises. These runs are replicated in the box A. You can see cup & handle potential for NEO on this chart, and this tall rectangle would serve as the handle extension. I'm looking for that run to happen at the breach of .006178 (A) or at the breach of .0095 (B). My targets would be:
A: .018
B: .021
Even if the prior runs aren't replicated, it's hard to look at this chart and not see it for what it is. We're less than 4 months away from the bottom of a coin that previously traded for >$150. It's currently $13.36.
The sweeter part of this trade is that NEO generates GAS while you hold it. GAS is a tradeable token on major exchanges carrying decent liquidity.
This is as win-win as it gets. Enjoy!
Do you want free steak? Let $NEO lead you! - Day Trader ExplainsHello Lads and ladies, welcome back to TJs' Trade Corner!!!
Today we will be focusing on one of my favorite coin to trade.
NEO is a huge sleeper since months and it is about to end its bottoming process. Let's see what speaks for it and what against it.
First we take a look at the structure and we see that NEO has been going and trending down for a very long time. Having its actual Bottom in December at 1700 sats, which I have pointed out then as well. We have been in a small uptrend, yet we have a strong catalisator at this moment playing us right into the hands. We are approaching a very very important resistance. This resistance is pointed out in the chart as the green dotted line.
Nevertheless, we have to break 2800 sats before approching that resistance, yet since my phone exploded after getting the confirmation I needed, i am posting it already here.
The indication is on the 3-Day chart, having FINALLY again a significant buy volume (check out my YT video to see how to use the volume inidicator correctly). Last time we had such significant volume, was on Janury 7th. Now, what is it with the significant volume before a significant resistance? Well, let me give you a hint.. BTC $1000 candle..
Whenever we have significant volume on the 3-Day Chart before a resistance, expect it to break very soon!!!
Next indication is the TJ Stoch, one of my own indicators also one of my favorites. It is based on the Stoch and Stoch RSI. Modified, so you clearly see cross downs and cross overs. Currently, we see exactly a crossover at EXACTLY the 40p line, where this combination is known for its impulse moves.
The Money-Flow is as well spiking and above the 0 line. I would like to see the Money-Flow spike more and create a nice green cloud, yet I expect that whenever the resistance is broken.
Now, let's get to something more mathematical and more reliable than anything else in this market. Fibonacci.
If we apply the Fibonacci Tool at the very top and the very bottom(which we have now pretty much confirmed), we can see very clearly that funnily enough the 61.8% retrace lies at exactly 0.01BTC .
Technicals of the Fib Tool: whenever the 61.8% breaks, the trend is over. Hence, the 61.8% is a very strong line to be tested.
This means for us: The downtrend would break at 0.01BTC and above. Hence, we have a very high chance to test this line over the course of the next months.
Take Profits at the previously shown structure points and horizontals.
DO NOT FORGET A STOP LOSS.
This trade has been published before in my private learning group "ETG".
We are going over many observations and possible trades very frequently.
It is meant for only those who are really interested in becoming a self sufficient trader and learning about all the secrets of trading.
Should you be interested in ETG or the indicators I use, join my discord channel and say hi in chat, then I will give you a free trial for which you might be interested.
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Cheers TJ
NEOBTC finally broke a big Daily Support level - pot. 83% upsideNeo finally broke a big daily S/R level here. I think it is ready to move up for a 43% upside potential maybe even up to 83%.
I'll be taking the setup to an take like 70% profit at target 1 and let 30% run for the potential 83% gain.
risking 1.5% so with a 7+ on my first target that would be a gain of my bitcoin portfolio off 10.5%
NEOBTC Going To The MooonYou can see the Chart of NEOBTC on 1 Day Timeframe .
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Thanks
Adil Khan