goldbug1
Panjang

NEO - The Year of the Smart Coin

BITTREX:NEOBTC   Neo / Bitcoin
Crypto currencies are changing the world we live in and one of the Countries that will surely be a leader in this space is China. Now this does not mean I am going out and buying every Chinese coin there is. NEO' is definitely one that I think holds the potential of taking market share in the near future and its chart is highly bullish .

Unlike many of the other blue chips NEO' has reversed in a bullish manner and has broken through the 0.618 recent corrective wave (C) and is testing the 0.618 level of the overall correction. A break of this level would be a signal for further bullish movement. I will not get into all the technical aspects of the differences between NEO' and ETH' here, but NEO' has some technical advantages over ETH' even though Ethereum' ,without a doubt, has a first market advantage. One thing to note in all this is that China's political structure provides a huge advantage to Chinese companies. Alibaba JD             .com and Baidu             are just a few examples of how the 2nd largest economy in the world can create a great working environment for its companies and create difficulty for others to gain market share. This is yet another reason I really like NEO here.

Longer term to see NEO' with a 50 or 100 Billion dollar market cap is not out of the question. That would still put it at a lower market cap than ETH' is currently at 110 Billion. So a longer term target of $550 is not inconceivable, and that is how I am positioning myself for the long term. That is over 400% from the current levels and the potential to go higher is never out of the realm in the crypto space.

I am adding a 1/2 positional trade here with a $250 target level and will add either on a pullback or a breakout of $160. The intent is to use this trade to add to my longer term position.

On the BTC/NEO chart we have definitely recovered from the recent BTC/NEO ratio. Like the gold             and silver             ratio we can look for strong movement with alt coins by comparing them to bitcoin             . A breakout of the previous ATH' would be a good signal that NEO' outperforms BTC' in the short and medium term. This is critical to follow as if a coin can not outperform Bitcoin' I would rather own Bitcoin' moving forward. This is one reason I have been looking to readjust my portfolio and reduce my core position down further.
Hi,do u think neo can still outperform bitcoin after breaking ATH.I am holding since 0.0024xx sats,but not sure when to sell it.Alhough i have sold my initial investment of neo in terms of btc.
Thanks
Balas
@goldbug1 Thank you very much, master! What do you think about ETP (Metaverse)? Could it go as hight as NEO?
Balas
XmOkEy Viktor1205
@Viktor1205, that's bold to say the least. ETP is dead in the water for 4-5 months now. The team is not delivering overall, especially their marketing team sucks.. If ETP reaches $6-8 this year I'd be happy.
+1 Balas
what do you think about trx? Not necessarily it's crazy run and fall, nor the hype/FUD, but the infastructure they are building and it's use case potential? I've heard their whitepaper is largely copy/paste, but they have brought on a bunch of new developers. Could this be a giant from china?
Balas
goldbug1 userbeauty
@userbeauty, I do not like TRX at all. Just my opinion, there are too many established coins that can do what they WANT to do.
+3 Balas
rubix020 goldbug1
@goldbug1, your thoughts on doge ? :) I dont hodl TRX but i think TRX will be next DOGE time will tell
Balas
what is a good entry point? appreciate the feedback
Balas
@zwbj, depends on your current position.
Balas
Neo is a great project - it is also free to withdraw from many exchanges and it gives you 'gas' if held.
Looking to take various crypto's off an exchange, some of the fees can be quite prohibitive!
+2 Balas
Sorry forgot to say I like market cap 65000000 circulating and 100000000 total supply.compared to others this gives this a lot of potential.
I have invested in nebulas(nas) I know it’s early on in its life.any feedback would be good but if to early I can appreciate that.thankyou
+1 Balas
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