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GASBTC

GASBTC 12H Poloniex – channel - support - fundamentalsGAS is seemingly moving in downtrend channel against BTC and is closing to support at 0.0022 levels AND lower line of the channel. It may be expected that price will reverse and may visit the upper line of the channel and previous resistance at 0.00305 - 0.0032 level. Fairly tight stop loss can be set in this scenario which offers an attractive Risk Reward ratio and so potentially when price reaches 0.0022 I may take the risk to enter w/o seeking for concrete reversal signals – I may be willing to take this risk thanks to the attractive RR ratio. I am willing to enter with 0.25 BTC. RSI is oversold. 0.0022 overlaps with 0.236 fib correction level of the previous large bullish swing. Fundamental – NEX ICO - neonexchange.org
Long
by drgorogbalazs
I show you how deep the rabbit-hole goes - NEOHello, and welcome to my first analysis on NEOBTC ! FYI: SKIP TO THE END IF YOU JUST WANT TO READ THE ANALYSIS... First, for those who do not know, what is NEOBTC ?!? NEO is often considered China's response to Ethereum, and is China's first ever open-source blockchain. Its platform facilitates the development of digital assets and smart contracts. The platform uses two different tokens which are NEO and GAS. The NEO token represents the ownership of the blockchain and when you hold NEO in your wallet you will be rewarded with GAS. GAS tokens give you the right to use the NEO blockchain and is the fuel that powers transactions in the NEO system. This is what makes NEO so different in the fact that it has a two-tiered system of NEO and GAS. Although GAS can be bought and sold on exchanges, users typically buy NEO tokens to represent their stake in the future of the platform. ALSO, their use of smart contracts which really sets NEO apart is a whole chapter in itself so you will have to read up on that one on your own! So essentially you can simply buy NEO and you will be paid dividends in GAS. Whats next for NEO?? Well, one advantage is that while the Chinese government has distanced itself from the cryptocurrency world it has simultaneously embraced the NEO platform. This has the potential to both legitimize the platform while alienating it from the western world. SO, the future is very much still in the air and a lot remains to be seen. ALRIGHT, ALRIGHT, ALRIGHT... ENOUGH ABOUT THE PLATFORM... (seriously though, read up on this one and the smart contracts) WHATS IN THE CHART!! Looking at the chart we can see a symmetrical triangle that is forming and we are currently touching the support line. I would like to point out some similarities that have formed on the ROC, RSI, and MACD in the past and are potentially forming AGAIN as I write this. Specifically, on 2/6 and on 2/22 we see that the RSI broke below the 30 mark signaling we are oversold, the ROC had touched a low and began turning up, and the MACD was falling but turned and crossed. ALL 3 of these happened within the same time frame (which I highlighted in red). 2 out of these 3 are currently happening as I write this! The RSI has dipped below 30 and is starting to turn up, AND the ROC is low and is beginning to turn up. SO, what do we need to see. We need to see the ROC pass the signal line (0), AND we need to see the MACD turn up and cross. As of now, we are finding support which is good HOWEVER if we do not see these signal repeat like before we could see NEO fall to the 2nd support line I have draw. The next movements are critical for NEOBTC to see what happens. Lets pay close attention to these and we will know exactly what will happen. IF you wanted to take the risk now would be a good time to buy with setting a stop loss just below the current support line. Personally I would wait to see a confirm breakout... watching and waiting for the signals to know where we are headed. Any and all comments are welcome! Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell*** *Please leave a comment and let me know what you think!
by dustyPH
(GAS) in a TTM Squeeze - Looking For The Breakout BTC/GAS Volume Volume Volume. Right now there isn't much of it at all on GAS. Still going to be keeping a close eye on the price, alerts set. This chart shows my idea of two likely scenarios. The yellow pattern is from a previous runup, I found there was a similar squeeze just prior to that previous price hike. I'll have a tight stop loss should the trade get triggerered out of this squeeze upwards. Green boxes are my buy zones.
by ziiiggy
GAS/BTC Showing Bull Signs 200% + ROIHello, Trading View, Okay here is a good sign. Especially when you have an entire smart economy that is running on gas coins. There has been some news articles, stating that the Chinese yuan will be replaced by neo. Sense the demand for this coin is determined by the transaction level. You can conclude that as neo coin becomes more accepted into the economy or smart economy. The price of gas will eventually go up, as people buy things with neo. In the short run. It will probably go down a little more before it goes back up again. So in my opinion you should buy in at: 0.00486933 not the current market value price as of 11:57 AM EST. on the date of: 2/4/2018. Obviously it is better to buy the actual neo coin if you can afford it. Because it creates some of the gas you need every year, and that is compounding. But sense the price of neo coin is 2x of what the price of the gas coin is. You can decide based upon your budget, what you want to invest in it long term. I have some in my hoddle wallet that I don't trade with, for that very reason. In my opinion, both are good investments. In my opinion you should buy in at: 0.00486933 Sell 25%: 0.00556862 Sell 50%: 0.00630041 Sell 25%: 0.00727675 Thanks, StopLoss123
Long
by StopLoss123
GAS/BTC Rollin Right now!We have been in this crypto for quite awhile, but it is catching a nice pop right now. If you're swing trading these cryptos I'm not sure if now is a right time to get into this as it might consolidate. However, this looks like a strong crypto for a buy and hold for longer term. For traders that are already in this as a swing trade like we are..we are going to ride this momentum until it runs out! We're basically looking at 4 hour and 1 hour charts to see if the volume keeps up and the price keeps moving higher with it. I think there will still be more room to the upside on this one!
Long
by StrengthTrading
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