NEO/BTCTwice I've called alt season and twice I've failed.
Third time's the charm?
Alt charts should be making their way to the disbelief stage vs USD very soon, now that BTC has had its steep "sucker's rally".
I've seen the alt market act like this before, in December of 2017.
It appears the algorithms are using the same technique to hunt. Push down until there's no sellers left, then retest. Short term Adam & Eve.
Will the alt boom be as meteoric as December 2017?
Before, I was under the impression it would be a slow, tangent rise to the disbelief stage, but then we saw what BTC just did, so I looked back at the dot com bubble.
Same players, similar game.
Amazon, for example, took 40% of the time it took for its depression phase, to get to the top of the disbelief phase.
How does that look for alts? ~200 days of depression phase = ~80 days of uptrend to the top of the "sucker's rally".
Alts that are going to survive should be able to go to 35%-65% of their peaks of the bubble, in this phase.
NEO, for example, peaked at $200, so it should be able to make it somewhere in the range of $70-$130 within this 3 month period.
While BTC falls value, into disbelief, this should show a 6-12x rally, relative to BTC.
NEOBTC trade ideas
NEO/BTC SHORTDONT BUY MORE THAN 10% OF YOUR CAPITAL !!!...
AND ALWAYS RESPECT THE STOPLOSS...
IF YOU LIKE THE CHART PLZ GIVE A LIKE!! ;-)
IF THERE IS ANY CHANGE I WILL UPDATE THIS POST!
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NEO Bullish Ascending Triangle, Getting Closer To Breakout!NEO (NEOBTC) has a chart that is basically identical to Skycoin (SKYBTC), which we shared recently.
You can see Skycoin here:
For NEOBTC it can take longer though, as this one is yet to break above EMA50... Let's take a look at the signals:
Trading above EMA10.
Bullish breakout after retrace.
Volume increasing in favor of the bulls.
The MACD needs work but is trending up.
The RSI is really strong.
Overall we have the same chart as SKYBTC but a bit weaker. We can expect NEOBTC to make a strong move within 2-3 weeks max.
Conditions for change: If NEOBTC closes below 0.00139, the triangle pattern is gone. If NEOBTC goes below 0.00127 our view changes from bullish to bearish and a new analysis is needed.
Anything above the 13-May low and we remain bullish long term.
This is not financial advice.
Thanks a lot for reading.
Namaste.
$NEO Starting to look interesting...$NEO Starting to look interesting... I would like to see a break from current ascending triangle and some volume continuation but its getting there...
UCTS Buy signal on the daily chart
RSI looking strong, MACD trying...
Current level matching .236 from fib..
#NEO
NEO - mixture of signalsNEO is looking interesting to me at the moment; a great looking chart.
On the 4h chart we have a change in trend with a higher high proceeded by a higher low (bullish).
Then followed by a double top with a divergence in rsi and lowering vol (bearish).
At the time of this chart we could be making a perfect Larger Double Bottom (bullish).
If it breaks the blue line we could see a drop to the last support (0.001316). 7%
If it bounces we could see it go to the last resistance (0.001558) 10% or possibly more because of such a long downtrend.
Thoughts are welcome!
NEO \ BTC falling wedge in a downtrend? maybe...NEO\ BTC
Analyzing NEO BTC (bitance) chatd we see a very very long downtrend from April (0.009 BTC) to August 2018 ( 0.0024 BTC)
On september NEO broke downtrend and has entered in a falling wedge triangle where now we are in.
Falling wedge in a downtrend is a bullish signal so we expected IF NEO dont broke lower support a testing in area 0.003100 BTC
IF NEO broke down support.. well... there's no other support... free fall to hell.
MY PERSONAL TRADE (it's only my personal trade not a suggestion!!)
ORDER LIMIT:
BUY ORDER if price reach 0.001635 SAT (now 0.001623 sat) i'll lower this entry point every 5 sat (0.001630 when reach 0.001618 and so on)
please fell free to comment below.
Thank's.
F.E.
Long NEO After New All-Time Low @alanmastersThere are always multiple scenarios possible... We prepare for all of it and we are even ready to take a loss anytime, but we are happier with taking profits. And since that's what we like, that's what we do... Namaste.
Let's get started with this NEO analysis by request... So feel free to hit like now and allow me to entertain you all the way.
Thanks!
NEO (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.
Your daily motivational phrase is now shared in the comments below...
Thanks a lot for reading.
Thanks for your continued support.
Namaste.
NEOBTCNEOBTC update
Entonnoir : W/D/H4 (swing)
On a marqué un nouveau creux weekly (entouré blanc) à ~1745. Mon AT précédente est toujours valable mais avec ce nouveau creux au lieu de l'ancien.
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Funnel : W/D/H4 (swing)
We made a new weekly bottom (white circle) at ~1745. My previous TA is still valid except that you need to update it with the new bottom instead.