NEO formed a Cypher pattern After completion of the Cypher pattern at point D, where there's also a S/R flip zone, and some sort of double bottom, NEO is seeing a nice bounce, mid term targets are the .382 and .618
NEOBTC trade ideas
NEO Ascending Channel With 111.1% Potential ProfitsWe are looking at NEOBTC on the daily (D) timeframe.
Prices started to grow in late October 2019 for NEOBTC.
A peak was hit in February 2020.
After the peak, a strong correction took place.
Prices stopped correcting when they hit support (the 0.786 Fib. retracement support relative to the last bullish wave).
Bullish divergence can be spotted with the MACD and RSI.
If prices for NEOBTC can stay above 0.001000, the first green arrow can easily be followed (strong growth).
Breaking below this same level,0.001000, can send prices lower.
In the case the latter scenario comes true, we remain bullish after the drop (2nd green arrow).
Thanks a lot for reading.
Namaste.
NEOIm ready for the alt season. I don't care about sh!tcoins all I care is making more BTC trading Alts...
NEOBTC starts the fifth Elliot's wave 🦐NEOBTC broke the last resistance and could start a the fifth Elliot wave
Very particular period in Cryptocurrency market, In 4 days Bitcoin will have the fourth halving and Altcoins could suffer this event, (altcoins/ BTC ).
What is Halving?
A halving – sometimes referred to as halvening – is a planned reduction in rewards miners receive (the term is mentioned in Bitcoin’s code). Halvings happen once every four years or so – more precisely, every 210,000 blocks of transactions. As the name suggests, each one cuts the amount of Bitcoin miners receive per block reward in half. At Bitcoin’s launch in 2009, miners received 50 Bitcoin per block, but that reward was reduced to 25 in the first halving, in 2012, to 12.5 in 2016, and will fall to 6.25 tokens in the next.
NEO/BTC - Structure at range low (40% upside)Nice long setting up for NEOBTC. Refer to chart.
A drawn out double bottom @ the 0.786 fib level is what I love to see as a trader. I will be taking a trade at this level, targeting the red box range high. My only concern is the vpvr gap below, which would send us down another 10%. Nonetheless, I believe probabilities favour the bulls at this level.
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
(NEO/BTC) We Need Lots of guns. I Know You're Out ThereHey NEO Bugs!
If you are like me and missed the amazing NEO jump from $1 in June to almost $60 in August 2017, now might be a good time to buy in!
NEO is a Chinese Ethereum clone that has had a really slick marketing campaign. It launched originally as “Ant Shares,” before taking on the name of the hero from The Matrix movies.
Like Ethereum, NEO allows users to create smart contracts and documents that are embedded in cryptocurrency. This allows the creation of cryptocurrency-based agreements like wills and altcoin-based securities such as bonds. It can also be scaled up to create marketplaces.
Unlike most cryptocurrencies; which are shrouded in secrecy, NEO has been very transparent and extensively promoted. The public face and cofounder of its team, Da Hongfei, Tweets constantly and regularly talks to reporters. You can even find Da’s picture on his Twitter feed and he regularly appears at events such as TED talks and conferences.
Strangely NEO might be bringing a disruptive new concept to the world of cryptocurrencies: middle class respectability. Da looks like a banker; or a college professor, and his team is running its initial cryptocurrency offering (NYSE:ICO) like the IPO of a new bank.
This more than anything else might attract middle and upper class investors to cryptocurrencies. It also gives NEO an edge on competitors like DASH (formerly DarkCoin); and Bitcoin which have very sleazy histories. Particularly because its promoter looks like a guy your mother might buy a mortgage from.
What’s more interesting is that NEO has an office in China that looks the headquarters of any other tech company. Da Tweeted pictures of a bunch of geeks at work in an office space that might belong in Silicon Alley.
I believe NEO may prove to be one of the most undervalued altcoins on the market today. I believe it is worth 10X its current value.
Here are 5 reasons why investing in NEO would be a wise move:
i. More transaction capability. NEO can perform approx. 10,000 transactions per second. ETH can do 15.
ii. Regulatory compliance. ETH's platform is not approved by the Chinese establishment, while NEO has a great relationship with Chinese banks and regulations.
iii. China, one of the world's largest crypto markets, will switch to NEO from ETH over time. See any Chinese business alternative to any foreign website/brand.
iv. NEO has a growing relationship with Microsoft. ETH does not.
v. NEO can be used in most common coding languages. ETH only uses their own Solidity network, meaning there is a learning curve to use ETH, but not with NEO.
Charting analysis:
NEO is about to complete a standard double ZigZag correction in wave 4. This is one of the best and favorable charts of all crypto currencies. Very clean trends and wavestructures. The best thing about this chart is, that wave 4 can even go below the high of wave 1 and still make a valid uptrend. Normally this would be a wave overlap which is not allowed, but not in this case. In fact, this would be the best thing that could happen to NEO. This would be considered a leading diagonal triangle indicating a big impulse up to come with targets above $20.00
Yes, the correction can easily go lower than it is now, but it does not have to do that. And I would be extremely sad to miss the rally again. This is why I am already in and I will happily buy more NEO if it goes down more...
CALL TO ACTION: Currently priced at $9.38, move quickly and pick up NEO for under $9.50!
STay ahead of the masses,
Seth Maniscalco
Founder, Crypto Wealth Coach
Owner, Modern Wealth Management
Founder, Trading Resource Artificial Intelligence Network (T.R.A.I.N.)
www.CryptoWealthCOach.co
NEO - consolidationsThis is nearly a 2 year chart of NEO, just looking for some patterns.
We have had 3 condolidation periods (10-20% range).
1st - 77days
2nd - 64days
3rd - is only at 42 days so far, may need longer to play out.
Each consolidation has had a bit of a push at the end.
1st one approx 70% (real world - this push would have shaken out alot with that red candle on the 2nd day!
2nd about 30% (pull backs along the way)
The 55ema also seems important here
resistance for the 1st block, support for the 2nd and now back at resistance.
A good break of the 55ema or box could possibly be a good trade, with the proper risk management.
NEO/BTC - When will Alt Season start?History of Previous Alt Seasons
To fully understand the altcoin market cycles, it is necessary to consider in detail the metric of Bitcoin dominance. Indeed, to understand the future, it is essential to study the past. The main sign of the alt season is a drop in the Bitcoin dominance index. For those who may not know, the dominance of Bitcoin is a percentage that measures the share of Bitcoin in the capitalization of the entire cryptocurrency market. While bitcoin dominance is not an ideal indicator, it helps to analyze the macro market.
NEOBTC Rising Wedge with Possible New SupportInspired by @Trading-Guru's idea, which I have been following as a basis for scalping NEO, I wanted to make a few updates that I have incorporated into my strategy.
Essentially this falls in line with the referenced Idea, although the RSI, along with a breakout and subsequent reversal at the previously standing support zone for this timeframe, if things continue to play out favorably for this pair, we may have a support zone a bit higher than initially thought and can adjust the upper end of our scalping accordingly.
This is my first idea I've actually posted (Thanks @Trading-Guru for the inspiration from your quick updates series).
Cheers,
Jon
==========
I think I'm supposed to put some sort of disclosure, so here it goes:
I'm a stupid talking ape, if you want to take advice from a stupid, talking ape... that's on you. If you wouldn't ask a zoo animal what you should do with your money, don't ask me.
==========
NEOBTCIchimoku showing sell signals - see chart. Candles have formed an evening star, reversal pattern. Not advice.
NEO about to POPif we break 1101 sat we can see a 10% gain on leverage could make you 50% to 100% gain KEEP you eyes on NEO
entry 1101 sat
stop low of last pivot 1062 sat
risk/reward 1.5 : 1
be safe traders
NEO W bottom -- Breakout short TP- midI’m swamped with errands today so I’m going to have to forgo the oped for this publication. Sorry folks.
W Bottom spotted which led to breakout & higher high retesting as we speak.
In the meantime enjoy the signal; I have always loved NEO — going back to when I first began really getting in the ‘blockchain honeymoon zone/phase’ as I read the whitepaper and roadmap I knew then and there that NEO = to the east what ETH = to the west...but I digress. :)
TP1-2 green horizontals
Red horizontal stop limit (imperative)
Time: I don’t expect this to be longer than a short but I’m keeping it neutral as HODLing for a bit won’t exactly be a high risk type situation and from a cost benefit analysis (most def) worth it; ASSUMING U ALWAYS HAVE YOUR STOP LOSSES ACTIVE.
that’s all.
Peace & Love
@a1mtarabichi
P.S. RVNBTC forming a wedge that’s looking ready to tee up for a parabolic run.
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
NEOBTC Rising Wedge With Scalping Opportunities [QUICK UPDATES]Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
There's two ways you can trade a rising wedge. You can wait for the breakout and trade the volatility that follows with it, or you can scalp the inner part of the pattern for as long as it holds. Since the whole market is very involatile at the moment, I believe today is a better moment to scalp the inside of the wedge.
On the chart you can see an example of how the price could oscillate, put your buys near the bottom of the support line and the take profit near the top of the resistance line.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
$NEO, how to go from rich to poorPay attention crypto kiddies. NEO was the belle of the ball in 2017 and look at this shit now.
This is why most projects you DON'T long term hodl unless you like pain.
Chinese Efiriium - few speculative lines for NEONot trading it, just a speculation. I threw a couple of lines in there and this is what i got :)
S & R - NEOBTC - 4HRHolistically in the last month there was a downward trend. Buyers broke through downward trend and resistance.
1. Identified a bearish engulfing at the start of the downward trend.
2. Noticed a ranging market in the lower S & R
3. Price is currently respecting S&R
Undetermined of where the price will go based on my indicators. Would probably need to revise over other indicators.
