NEOBTC trade ideas
NEOBTC Mean Reversion: 22% Profit PotentialBINANCE:NEOBTC Alt coins are running and NEOBTC is due for a great run, brought to you by the Macro to Micro Trading Strategy.
The chart indicates that the most over-expanded period on the daily timeframe is the 55-period price mass. This is a mean reversion approach that combines analysis of price action and most importantly, price mass, thereby offering a high probability trade towards the daily 55 period mean.
The condition for the trade, the entry of price into the mass of the most over-expanded period, has been met. The signal is a corresponding CCI indication of a tenth of this period - trade will only be active when this is fulfilled. This idea will be updated to signal when the trade is active or has hit the stop-loss.
With any high probability trade, always respect your trade and risk management. The stop-loss is triggered with a close below it on the 4 hour chart.
Patience, high probability strategy and smart risk management are your best tools in trading. Happy hunting!
This trade idea describes my thoughts - consider entry entirely of your own volition.
NEO - Finally Showing Some LifeLooking at the 4-hour chart for NEO, we can see that the price is testing the upper resistance trend. If NEO can get a much needed breakout, I think it is in store for big gains. I put two targets that I'll be looking for NEO to hit at .0026 and .0033. Each target if met with resistance would create an inverse head and shoulders setup.
NEO stop going down, good news ahead!NEO 3.0 is ahead, right now without any TA, price is too low for this gem. Just with the news is enough to see that this is a bargain that can't be missed. Should break those resistances easily.
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NEOBTC 7 RRR shortTrading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line .
4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line.
This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
Regardless of the current bitcoin condition, this coin is in gooHi Dears,
The condition of this coin is good
At the bottom of the price and somehow it's time to buy
But there are two negative things
Bitcoin conditions are not good
In the event of a rise in price, the coin would not be profitable in the short term
The decision is with you, but be careful if you buy this coin
But remember that nothing in this world is 100%
Good Luck