There is a possibility for the beginning of an uptrend in NEOETHThere is a possibility for the beginning of an uptrend in NEOETH
Technical analysis:
. NEO/ETHEREUMN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0660 to 0.0603). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0660)
Ending of entry zone (0.0603)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0738
TP2= @ 0.0807
TP3= @ 0.0876
TP4= @ 0.0968
TP5= @ 0.1096
TP6= @ 0.1226
TP7= @ 0.1645
TP8= Free
NEOETH trade ideas
NEO/ETH - Buying the RetracementNEO/ETH - NEO/ETH looking interesting to me here. We are seeing a lot of larger cap alts gain on ETH like XRP, XLM, EOS etc. Reason for this trade is a good R/R, price has broken market structure shown by the new high (white tick) taking out the old high (white cross). Scaling in for a good entry down from current price down to 0.064121, stop below that wick and aiming for that old support level. Price is in our buy fib zone.
Timeframe - Daily
Supports - (1) 0.065468 and (2) 0.064121
Resistance/Limit - 0.076607
Stop - 0.062234
Happy Trading
Can We RecoverRSI oversold on daily chart, Wait for confirmation of a move up then ride it, strong support at 66 and strong resistance at 84 even more resistance at 38.2 fib level.
NEO vs Ethereum Long Term OutlookIt seems like there is a strong battle between the NEO and Ethereum at the moment. But they differ in many ways. In particular, NEO is more of a Chinese cryptocurrency with a very strong future, that is focuses on a regulative aspect.
Ethereum, in its' turn, is a worldwide coin, with a mass adoption and use across the world. The interesting thing is that China is working towards mass adoption of the cryptocurrencies in the near future, accepting and understanding all the benefits. Considering the huge population of the China, and potential real use case, NEO yet to prove its' strength and is expected to chaise the Ethereum in terms of value.
Technically speaking, NEO/ETH has reached the bottom at ETH 0.055, where price has reached the previous low, established back in December 2017. At the same time the lower trendline of the descending channel has been rejected, and it is very possible that the downtrend could turn into the uptrend very soon.
If the current support will hold, NEO should outperform Ethereum by 250% or even 450%. The Fibonacci timezone indicator shows that the next cycle is about to start, which might result in the growth of the NEO against the ETH.
There are few resistance levels to watch, first is the ETH 0.2 level, that is 127.2% Fibs applied to the last major corrective wave down. Second is the ETH 0.3, that is 227.2% Fibs. Both of these levels are also are strong psychological resistance levels that could be reached if the current support will hold.
On a downside, if there will be a weekly close below the ETH 0.05, the trend reversal scenario shall be invalidated, and price should consolidate, at least till the next Fibonacci time zone cycle, that is until December 2018.
There is a possibility for the beginning of an uptrend in NEOETHTechnical analysis:
. NEO/ETHEREUM is in a downtrend and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0603 to 0.0550). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0603)
Ending of entry zone (0.0550)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0660
TP2= @ 0.0738
TP3= @ 0.0807
TP4= @ 0.0876
TP5= @ 0.0968
TP6= @ 0.1096
TP7= @ 0.1226
TP8= @ 0.1645
TP9= Free
There is a possibility for the beginning of an uptrend in NEOETHTechnical analysis:
. NEO/ETHEREUM is in a downtrend and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0603 to 0.0550). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0603)
Ending of entry zone (0.0550)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0660
TP2= @ 0.0738
TP3= @ 0.0807
TP4= @ 0.0876
TP5= @ 0.0968
TP6= @ 0.1096
TP7= @ 0.1226
TP8= @ 0.1645
TP9= Free
STOCHRSI ETH BinanceJust a chart on ETH Binance trading with a Stochastic RSI view, mostly to line up with my Profit Trailer trading.
From the Vault of Zapperman: Strategy #22 - "GO BIG OR GO HOME!"This strategy I have been running for a while now, on NEOETH, and can verify live trades against the back tester have a "maximum" error , across all trades displayed, of +/- 0.30%. To be frank, of all the strategies I have developed, and as mentioned before well over 400 custom technical indicators and ATSs/EAs, this one is uses some secret sauce I will eventually disclose to the world, with how it is actually possible to take $50,000 and turn it into >$4M within under a year. Dreaming? Nope..This is inclusive of the broker fees, which for this exchange, is a flat 0.25%, and it is amazing that even though that is 0.0025, which does not seem like it would affect a strategy by very much, it is amazing the difference it can make, especially for HFT scalpers, between a winning strategy and a losing strategy. Be sure to always include any/all fees by the broker, and ALWAYS set your trailing stops to turn on AFTER BREAK-EVEN and certainly not before. I do not use SL's or TP's, rather, let the actual strategy determine when to exit. Its really unfortunate we cant short the crypto pairs as we can in FOREX using a PIP system. We would have all made a fortune in the last 4 months just taking sell positions alone. Why the exchanges only enable traders to do spot trading, actually does not make any sense...For example, the EURUSD pair we either buy EURO and Sell USD or vice versa, right - which is why we can short the FOREX pairs. Same should be for Crypto, with the exception of the "margin" or leveraged accounts which offer leverage > 100:1 be VERY CAREFUL of these firms I have been screwed over big time, and don't want you to learn the hard way like I had to. Ask yourself, if an alleged "broker" which is probably a dealing desk posing as a broker, offers you 500:1 leverage, where exactly is the liquidity coming from to support such leverage, and, what happens when you go to withdraw a lot of profits? Answer: Something goes wrong with their system suddenly, or they literally string you along for a bit then suddenly they just disappear and you can kiss your deposited money, and all your hard earned profits good-bye. For example - If I was in a leveraged account of 500:1, and started with the same balance this strategy started with under a year ago (based on when the first trade was actually placed as is indicated if you click on list of trades). So, with $50,000*500 that would be equal to $25M I get to trade with. At first thought you might say, "WOW I CAN MAKE A FORTUNE!!!" Well, best slow your roll, as two things I want you to realize if you are a non-experienced trader: a) You can LOSE at 500X the rate when market goes slightly in the other direction, which means the "broker" will most likely stop you out, and you lose all your money in the blink of an eye (analogous to a margin call, but far worse when trading FOREX), and b) Say you made the same profits as in the case of this $weet bot I built on this posting, however, it was fully leveraged and you actually pulled it off - Congratulations!! Now, let's see you go and yank out $4M+*500 = $2,000,000,000.00 (that is Two Billion USD) from your alleged honest broker (of course less their very low fees!!)...If you ever pull that off, I will personally give you a full bitcoin,for free, if you can prove it, because it is an impossibility, there is no bank/liquidity pool providing liquidity for $2B USD*1000 clients & just transfers your winnings to you next day! If you believe that, you are not living in the real world and should only trade with a demo account until you do realize that your real money, when leveraged >100:1 by some "broker" will not EVER be sent back to you, nor will your profits. Thankfully, still as of current, that is still not the case for "SPOT" crypto trading and i hope it stays that way, and, BEWARE of any Crypto Margin Trading - that is not the real exchange. Stick with Spot!
Zapperman
NEOETH 1D Oversold / C-clamp bouceNEOETH offering potential upward move on daily.
RSI oversold, MACD crossing and disequilibrium between Kijun and Tenkan-Sen.
Watch for Tenkan price crossover for entry and Kijun as resistance.
Stop loss below support line.
COULD NEO BE COMING BACK TO LIFENeo has been on a pretty steady decline here but could possibly be ready to show some strength here. Looking for a bounce above the 78.6 fib region here for a possible uptrend. RSI on the 6 HR timeframe is showing some signs of strength but on low volume for now. Daily still looks weak but some volume and a close above the 618 fib would be a very good sign for this coin and a possible wave 1 start. Still waiting on more information and confirmation before entering but this is a chart that i will personally be keeping a very close eye on in the next coming days/week. Id love to hear others thoughts on this whether you agree or disagree. Thanks for looking and this is just my non professional opinion, unfortunately everything is riding this btc chop right now and could all be discredited if that is pushed down past the 7800 usd range
From the ATS Vault of The Zapperman - Strategy #103 - "Grandma"Clearly, a VERY BIG movement is coming - Alpha testing ATS took 50 ETH position, meaning it was the strongest signal possible for this TF.
So, I matched it with another 50 ETH.
Recommendation - BUY NEO_ETH NOW!!! Its in consolidation period, try and buy while the stick is breaking lower BB with period of 14 and Standard Deviation of 2.3.
Strategy #103 of 420 (H2/H4 TF) encompasses the following technical indicators and some custom numerical analysis for the predictive coding part as an internal benchmark against the tech indicators extending forward and looking for both entry and exit positions. Once the signal triggers a buy/exit detection, it runs my latest numerical analysis cocde to verify its integrity, and soon will go through even more benchmark testing via SQL in real-time. Timing of signal path from detection to ordersend() or ordermodify() is negligible - we place limit orders only, no market orders...Market Orders are how the Dealing Desks disguised as Brokers can screw you over every time. At least with limit orders it keeps everyone more honest, unless its FOREX broker-dealer, then prepare for dark liquidity to steal your money, and suggest you record every single trade you take, the spread at time of entry/exit, EVERYTHING so if they screw you over you can threaten to turn them into the CFTC and hopefully you get reimbursed for those trades. Been there done that, way too many times with these crooked thieving liquidity pools, and never again!!
i) Interacting Radial FIBO, FIBO Retracement, FIBO Channel (Done)
ii) Trend Angles (Done)
iii) Pattern Recognition (Done)
iv) Predictive Coding Numerical Methods using Interpolation, Non-linear Regression Analytics, and Extrapolation (Done)
v) Benchmark Testing to verify signal and Assign Signal Strength Index (Coming Soon - under development)
vi) Advanced MM algorithm allowing for various TP, SL amd TS distributions (Coming Soon - under development).
I hope banks keep there trash on the FOREX and never infiltrate the Crypto markets, although, I feel that it is coming, as of now, we still have fair trading happening on Crypto and it is literally like taking candy from a baby and everyone makes money buying or selling. Just be on the watch out for the banks, they will steal from you at every chance they can take, and typically they get away with it because many traders do not even realize they have been robbed. Or, they just never send you your money - somehow someway they get away with murder because they dont have to disclose anything, DARK LIQUIDITY meaning level 2 data is hidden, and the banks wait for everyone to line up big bucks going in a direction, then come in and throw billions just to try and get as many accounts stopped out as possible, and walk with the $. LET"S KEEP CRYPTO EXCHANGES FREE FROM BIG BANK BS! WE DO NOT WANT OR NEED THEM FOR ANYTHING...EVER - THE WHOLE PURPOSE OF DECENTRALIZATION!!! :) I believe we can all make it in this world without them ripping us off and funding their big bank exec bonuses they take which is our money they steal. We all know this, I am just reiterating as its only a matter of time before REALLY BIG MONEY hits. I suggest when that happens, ride BTC up to $100K,. sell, and get your BTC/ETH/ LTC/XMR/etc off of the exchange before you lose your ass trying to defeat their algorithms on when the market pulls back...I have beat them in FOREX, actually crushed them and when they did not like losing, they just blatantly steal your money out of your trading account. If you are trading anything but Crypto, be careful, as they are hungry since many have turned to Crypto, and leave a hungry hyena with nobody to eat off of, first sign of it, they will sneak up behind you and chomp you in half.
Zapperman
re: From the Zapperman Vault ATS #278 "A walk in the Park"The last strategy I posted, which I call "Grandma" was a long-term position strategy. - This ATS is a short-medium term position strategy, same chart different methods and different TF, because its a scalper on the M15. So, I have dubbed this strategy, "A walk in the park" Sometime in the future, I will show you what a super HFT looks like. Due to limitations in TV, what could have been a >90% scalper, is now just shy of 70% winning strategy. Tradingview's customer support was awesome explaining that they are working on various updates and will consider adding some of my requests in the future. For example, one of the most important values we need when trading is spread. Unfortunately, Pine won't allow to query for spread, which would trim a a lot of the fat thereby reducing losing trades and increasing winning trades.
Some Psuedo-code: 2 of 34 trade rules I use:
If Hi - Lo is =/> n* current_spread && [If AveVol is increasing, & (Vol && Vol ]) > AveVol )] , where n is a multiple of the spread ( usually n=3 ), i=shift ( where i=0 current, i=2 2 prior sticks ), N=previous period.
&& . TV allows for cond2 in pine, but NOT cond1, which hopefully gets remedied soon as there is currently no way of querying for spread in pine script, which is rather bizarre given the importance of spread in trading, ESPECIALLY FOREX .
The indicators used are PSAR (2 sets), BB (2 sets), and RSI, SMA, others. Typically, I use a highly specialized version for BB and RSI which take into consideration dynamics of market conditions. Unfortunately, TV does not enable me to be able to port such enhanced custom indicators, however, I have put requests into support to enable a more powerful SDK for devs so we can drop C# or C++ code in, and even better, a cross-compiler that converts MQL4/5 code into Pine - Am dreaming?.Maybe not so much though as this kind of dev task is rather trivial. Let's pray Pine is updated soon and devs have much more flexibility, AND TV will have a switch to enable auto-trading, which to me they have the entire setup to do so already. Also, TV hopefully will enable a strategy to also send an alert (not sure I understand why they separated studies and strategies like this as it should just all be rolled into one).
This is one of many ATSs that is being used during Alpha testing of our new Zap trading system! Since my first post a few days ago, which was removed by the TV team (I will esquire as to exactly which rules that posting broke as it simply spoke the truth), there are only 63 beta positions of 200 left available. Please message me here if you are interested in joining and to learn more about the Alpha tests, the strategies, and the anticipated beta release of the new Zap Trading Software System, of which, this is one of several hundred strategies. The Zap Trading system works on any TF, for all markets (Crypto, FOREX, Stocks, etc) and is benchmarked using an SQL server with highly advanced numerical analysis based predictive coding. Common mistake made by many professional traders is to a) use static indicators in a dynamically moving market (hint: they don't work very well), b) Take trades when the spread is too big, and c) Perform look-back analysis instead of look forward analysis, the latter of the two being of most importance, the first of the two being a negligible factor when determining timing to enter and exit a trade. Also, encompassed is a super advanced AI based Money Management system. Again, these markets are dynamic, you cannot use one or even three MM algos statically. They must adjust themselves with repsect to market volatility, ATR, among several other factors, which are also determined by look forward techniques.
The Bottom line - Did ATS make profits, how much & over what period of time/TF? Even scalpers @ <50% make good profits IF the money management system minimizes loss and maximizes profit!
Enjoy!
Zapperman
NEO/ETH getting ready for a new rideDisclaimer: I am new to trading, I recently started learning about Technical Analysis, strategies, patterns etc. So please, excuse my mistakes, I am here to learn!
In the 1 day chart, we see NEO forming a Descending Wedge pattern, with lower highs and lower lows, indicating bullish signs.
It's also closing up to the 2 old support levels (bottom light-blue lines).
RSI is also indicating oversold, which is bullish sign.
The current price is way off the ma(50), ma(100) and ma(200), meaning there is a lot of fear in the market, a lot of selloff.
Generally, quite a discount point for buying in NEO :)
I bought a small amount when the price was at 0.10503, and I bought a bit again at 0.09282.
If it keeps going down to the support lines, I'll keep buying small bits, expecting it to shoot up right after.
I'd appreciate feedback!
ETH is strong NEO is weak ... time to swap?While #ETH is very strong at the moment, #NEO is looking exactly the opposite right now, I expect ETH to slow down or retract a little and NEO to start picking up.
NEO RSI is extremely low while ETH is extremely high, (duh!)
But ETH is also high against BTC and NEO is low against BTC.
I expect the turn around soon.
Buy zone: Now
Sell zone: from 0.115 to 0.12, (and revisit it after that).