NEOBTC trade ideas
NEO/BTC, Long+Short, Bearish butterfly on daily TFWe have a bearish butterfly on the daily TF for the pair NEO/BTC. At the same time we have an ascending triangle which breakout could reach D to go down to pursue the downtrend initiated at the begin of April.
The RSI was also very bearish, it crossed the 50 line now but could dive again if the pattern is confirmed.
For the long part: from the breakout until we reach D.
For the short part:
Buy-in: 1999 in the PRZ of the pattern and also resistance
TP1: 1701 which is the last major support
Other TPs on the small supports initiated by the triangle and the fibonacci supports. If the ATL breaks, the TPs are located on the extended fibonacci ratios and pivot points but don't be too greddy as usual.
SL: 2110 just above the 2.414 fibo line which also corresponds to a resistance
NEO Possible Asc TrianglePossible ascending triangle on NEO BTC. Tough resistance to break, but nice upside if it does.
NEO/BTC at Support but damaged. Neo take Blue or Red Pill ?NEO flew high then fell fast, as did many other Alts this season.
While faring better than some, it is resting on damaged support.
Plotted are Support zones where additional fuel and ammo are.
1365-1371 is the minimum expected drop from current ledge.
1336-1340 would be an excellent launch point for next leg up.
1280-1291 should at least bounce strong, maybe pin reversal.
1244-1259 will be Neo's last stand, or downtrend may resume.
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See some of my other Charts and Trade calls below .
I also plot Forex and some Stocks, check my profile page .
BTC bottom (caught the EXACT bottom)
BNB bounce call (perfect entry and targets)
ETH breakout (instant Profits, no drawdown)
MATIC rocket (massive Profits, breakout entry)
ZRX breakout (massive Profits, short wait)
XLM breakout (massive Profits, instant Win)
ADA breakout (PERFECT targets, massive profits)
IOTA Top (Top warning just in time)
DASH top (Top warning EXACTLY in time)
ONT top (Early warning for Top)
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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$NEO Rejected at the resistance around 171k sats once again..$NEO Rejected at the resistance around 171k sats once again, heading back to where we bought this asset many times.
Accumulate under at around 135k or lower, if there is no crash on the alts market overall, its probably a win in a few days/weeks.
#NEO
[NEOBTC](76%) Long NEO After New All-Time LowNEO (NEO) Overview
What is NEO?
NEO is a non-profit community-driven blockchain project. It utilizes blockchain technology and digital identity to digitize assets and automate the management of digital assets using smart contracts. Using a distributed network, it aims to create a “Smart Economy”.
NEO was founded in 2014 and was open sourced on GitHub in June 2015. NEO believes that community development is its top priority. NEO has a huge developer community around the world, such as CoZ, NEL and NeoResearch, who continuously contribute to NEO development. Millions of community members are active on Reddit, Discord, Github and Twitter.
NEO (NEOBTC) Chart Analysis
I remember all the hype when NEO launched, huge project and lots of noise all around… Who would have thought that NEOBTC would hit a new low? Well it has, at least on Binance. Other big altcoins such as Cardano did not hit new lows, but this one is different, so let’s see what the chart is telling us…
Let’s start by looking at NEOBTC long term. Here you are going to be looking at the weekly chart, remember that the longer the time frame the stronger the signals.
The cryptocurrency market is very fast, highly volatile, that’s the nature of the market, it represents our times, who we are… And remember that people these days have no attention span, so they need fast, action in order to remain engaged, and that’s the reason why you see the volatility and crazy movement in these pairs.
So weekly is a very long time in cryptocurrency, the signals gotten from a weekly chart hold lots of value when it comes to trading… Ok, that’s enough, let me show you the chart:
The bullish divergence on the MACD (purple) is astonishing. Notice how NEOs value is going down, while the MACD line and signal are moving up.
The RSI instead went with the chart, and it also hit a new all-time low (massively oversold). I consider 30 (RSI/14) to be oversold on the weekly time frame, on the daily time frame 20/25 can be considered oversold. Everybody can use their own numbers and create their own strategy, nothing is set in stone.
There is always volume here as this is a big project.
We lost in the past with NEOBTC, but this is no big deal as we buy lower now. So we get more tokens for a lower price, so total we have more. If we are patient and we wait, we will get back any loss and even more profits on the way up… The price now is literally up to 100% lower than our last stop… Only those that quit loose. Persistence is also key to win.
Let’s take a look at it closer:
Here we have the classic falling wedge.
A strong bounce after support was found at the new all-time low.
We have the entire cryptocurrency market going bullish.
It is time to step in and trade this coin.
NEOBTC by Alan Masters
Buy-in: 0.001400 – 0.001600
Next support: 0.001200
Targets:
Short-term
(1) 0.001670
(2) 0.001780
(3) 0.001845
(4) 0.001950
(5) 0.002130
(6) 0.002250
(7) 0.002410
(8) 0.002740
Profits potential: 76%
(Buy-in calculated at 0.001550)
Stop-loss: Close weekly below 0.00100.
Capital allocation: <10%.
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First round:
Short-term
(1) 0.001670 -Reached 29-May (+7.7%)
(2) 0.001780 -Reached 30-May (+14%)
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NEO (idea) 6/20/2019Looking at a few coins this a.m. that have been quiet. Neo comes to mind. This chart isnt certain.
In fact its a longshot. Just keep an eye on NEO. Even if I am wrong I think it will dance soon enough
$Neo / $BTC warming up to break up. $Neo / $BTC warming up to break up.
NEO Scoring
Overall Score: 79.3%
Open communication channels: 100%
Team strength: 46%
Product strength: 78%
Coin strength: 83%
Brand awareness/Buzz: 100%
Advisory board strength: 0%
Activity on social media: 50%
Quick Research
Purpose: NEO's blockchain addresses scalability issues that older blockchain have. Also, its platform offers dApps, smart contracts, token issuance (NEP-5 tokens) and more. It is popularly referred to as the "ethereum of China" due to the similarity in functions with Ethereum and its Chinese background.
Product Status: Fully working product
Consensus Method: Byzantine Fault Tolerance
Emission rate: Emitted in proportion to amount of network activity
TXN'p/s: 1000
Abstract:
AntShares is a smart asset platform and the first open source public blockchain project in China. Smart assets are the combination of smart blockchain contracts and digital assets, making registering, distributing and trading digital assets more intelligent.
Investment data
Listed on 19 exchanges
CoinMarketCap Rank: 12
Market Cap: $2 B
24H Volume: $65 M
Coin Age: 21 months
Neo preparing for a possible north moveBull Setup for Neo, but as ever, it all depends on BTC next move.
NEOBTCCoin touched the support line and secured well. We may still have small movement within the figure before a substantial rise. For those who like figures, RSI forming a symmetrical triangle which may reinforce the hypothesis of a possible high.
NEO/BTC Growth Opportunity [BULL]4H Ascending Triangle with short-term target and resistances. NEO has a lot of room to grow after hitting bottom - this is just the start.
NOT FINANCIAL ADVICE
SIGNAL Of The DAY: NEO/BTC On Binance 42% Clearance!D4rkEnergY is More READY Than Ever. He just made a perfect in depth analysis on Bitcoin, which just was spot on. You should definitely read it if you havent already done it.
But now - the unstoppable force - has something really interesting for you, and its completely FREE, and it is..
THE SIGNAL OF THE DAY
Look at beautiful NEO. Wow. This a textbook ascending triangle - you could argue its also a neutral triangle, BUT its more bullish than neutral, which is obvious for the experienced trader. First take a look at the arrow. What was that? That was when Binance announced they would shut down for US customers in December.
As you probaby now, investors got scared, and left altcoins and went into Bitcoin. And that is also what you can see happened here.
Clearance
Not only that, my ladies and gentleman, take a look to the right. That is what we call CLEARANCE. It means, that IF we break out out of the triangle, which we probably will do, we have NO really reistance above our head. And THAT is amazing news, because it makes even easier for NEO to go up, up, up..
Here you are! The trade is active, go in and make that position, and lets make some money together!
D4 Knows Everything!
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An Illustration of How Alt Ratios Are Lagging Behind USD ValueHere's a comparative chart showing the NEOBTC ratio (one of those that suffered the most recently) and the ETHUSD chart with my speculative pathway drawn, showing that $500+ prices are still possible, if it's going to follow what AMZN stock did after the 2002 bottom. Obviously it could start to deviate, but it hasn't yet. I will post an update if and when it does.
Based on what I'm seeing, and what many others have probably been observing, altcoins have been slowly increasing in USD value over the last several months but have been lagging behind Bitcoin in terms of % gains. On their ratios, they have not yet gone "parabolic" or broken out convincingly from their downtrends. There are a few exceptions (LTC, BNB, EOS, BOMB, and some newer hyped Binance coins). Otherwise, much of the altcoin market is moving in tandem. On the NEO chart, I've drawn what the ratio could look like if it breaks the downtrend, invalidates the potential bear flag, and starts to move up over the coming weeks. I drew the line this way because I expect it to somewhat follow the USD price movement eventually, since they seem to be following a similar potential accumulation pattern.
You'll also see in this chart (if you zoom in) that Ethereum broke out from its uptrend channel and has been retesting the broken resistance as support over the last couple of days. A break back into the channel could send it all the way back to the $180-190 zone. If it can continue to hold, I think it increases the likelihood of $300+ prices in the short term.
This is just a speculative chart and is not financial advice. For educational purposes only and future reference.
Also, if you like my work and what I've been doing , you can follow me on my brand new Twitter account for some more regular updates/general thoughts. @thevictorcobra
: )
-Victor Cobra
Neo Fib Channel we bounced near 0.86 fib and hit a s13 on TD for a solid entry lets see where the channel leads us
