GAS vs Bitcoin Getting TractionGAS has found the support at btc 0.0024, that is 76.4% Fibonacci retracement level. This support has been rejected twice, along with the uptrend trendline. The wave up followed, where GAS/BTC broke above the downtrend trendline suggesting the beginning of the uptrend.
Nearest upside resistance is seen at 38.2% Fibonacci, that is btc 0.0038. Previously this level has been acting as the support and then resistance, therefore it is reasonable to expect some resistance again.
While the price continues to print higher highs and higher lows, the downtrend seems to be unlikely at this point. Only break and close below the btc 0.002 could invalidate bullish outlook and establish the downtrend.
Neogas
GAS with good looking price actionGas broke through the consolidation pattern yesterday and is spearheading upwards exponentially on high volume. wait for the pullback or consolidation!!! getting in at this phase is a terrible idea. RSI is extremely over extended in every time frame. Ill update this idea to show whether there is a pullback or consolidation and when might be a good entry point as this looks like a good mid-long term hold
NEO: China's bitcoin/EthereumNEO has been a sleep under dog since the beginning of December but cine 12/1/17 it has quadrupled in price from the 30's to the 120's. I believe NEO will have an amazing year as the industry sees more ICOs coming out of China under NEO's blockchain System. It is difficult to do a technical analysis on coin that have nowhere to go but up. If Neo stays in the same bullish trend line, then we could see NEO quadruple again. It's about dollar cost averaging into a position and hodling for the future.