NEOBTC trade ideas
Neo relief rally in Q1? Long-term downtrend so no reason to be bullish vs BTC at present
NEOUSD chart has reasonable chance of rocketing up to ATH in the next 2-3 months, given how often its bowl market structure has repeated in crypto.
If it does can expect revisit of the top of this range.
No idea if NEO fundementals are still good. Was big coin in 2017 so let's see.
NEO Set To Change Trend (Next Target Mapped)All the classics signals are now in play for NEOBTC.
1) We have prices bouncing with increasing volume after hitting a new low.
2) Bullish divergence on bullish cross on the MACD:
3) RSI moving above 50.
4) Prices trading above EMA10.
These signals are very easy to spot and give up what will happen next... NEOBTC just hit a new low and is ready to reverse.
Namaste.
Watch out for NEO BTC potential upwards break NEO is lagging in the space today. Its stays a difficult token cause I still see some pretty great downward risk on the chart. Risk management and finding a entry spot through analysis of the lower (5-15 minutes time frame) is the key when going for a long in this region.
But it is a setup that in my experience from here could very well turn out to be very bullish. I have it seen before. We are speaking of high upwards potential clearly, not just 10 percent or so, but multiples of that.
RSI has some divergence in it, but sadly not superclear. It's on my watchlist now to take on a position when some more reference points occur. I will update my idea when that happens. Feel free to share your thoughts on NEO or ask some more particular information in the comment section!
Buying NEO down here !!!NEO looks like a solid project to me and it is not going away.
Actually it has lost about 96 - 97 % against Bitcoin from ATH to its recent low some days ago.
NEO has been one of the TOP performing ALT coins during the 2017 - 2018 bull run (going from 8 cents to 160 USD) - that's a 2000x !!!
Looking for cheap ALTs for the upcoming Altseason (whenever it will come) NEO looks like a very solid buy at 0.000587 btc !
There are some positive divergences and Neo looks really bombed out agains BTC.
I am a buyer at these levels.
NEO 3.0 - The biggest chance of a lifetimeWe believe NEO is one of the better cryptos out there. Marketability as the ETH from China is still existent.
So a few reasons why we are super bullish on NEO and believe this is the chance of a lifetime:
they are releasing NEO 3.0.
It is still the ETH from China and can be easily marketed as such.
an RSI Divergence in the bigger timeframe
NEOBTC hit the most bottom trendline
hit bottom of a possible triangle which in case it resolves bullish, would give incredible returns
we had an ichimoku cross on the Monthly chart on which we took support. This should drive us to at least 50$
Total Chart has made a higher high. Other cryptos are looking super bullish such as BCH and IOTA.
Not investment advice.
Crypto|NEO/BTC|Long and shortLong and short NEO/BTC
Activation of the transaction only when the blue zone is fixed/broken.
Working out the local support and resistance levels of the triangle.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone (S-SL short stop, L-SL long stop).
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
Dust settling (Jan 1st 2021)NEO/BTC rates (January 1st 2021)
Just a potential idea for what a bitcoin exchange rate bounce could look like before going lower. Not certain!
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!