NEO - Bulls Gas and China!
ที่อัปเดต:
NEO' has finally broken out of the consolidation channel and appears to make another bull run. Now this is the start of a bull run so we must be cautious as we know that running with the bulls can be dangerous if for some reason the rug gets pulled out. But we have several bullish signals which is enough for me to add to my position for a longer term trade.
Technical
1) broke the horizontal consolidation box and retested the channel
2) strong move and breached the upper linear regression (1 std deviation)
3) RSI indicator broke 80 and did not dip below 40
Fundamental
NEO' is the ETH' of China, and now that we have regulations being implemented, this allows good, valid crypto currencies to bring in more mainstreet investors. We mentioned in several previous articles that China wants to be a world leader and not a follower. What do leaders do? They lead by example, and have taken the steps to implement regulations that will bring legitimacy to the crypto currency market. Crypto currencies will change bartering, trade, and the financial systems as we know it and China wants to lead not follow. Trond Undhiem coined crypto currencies "the internet of value" in a fortune magazine article from 2014 for which was titled "why banks fear bitcoin". What crypto (besides BTC') is in a better position in China than NEO? (If there is one please let me know in a respectful manner)
Why is China an important market? Well China does over 5.5 Trillion dollars a year in digital payment five (5) times that of the US. China is the world leader in trade. Internet of value and change the way we barter trade and finance come to mind. I recommend reading that article was eye opening and then you'll know why I am buying into NEO' right now.
Have you seen the price of gas lately? I don't mean at the pump, I mean the dividend that NEO' pays currently at 0.007 btc which is about where NEO' is trading. The dividend comes out to about 7% a year at the current price. It doesn't get any better than this.
Those that have followed for a while know I like a working product, first to market, great team, and venture fund interest. Well sometimes in life you have to take a gamble, and if I'm going to gamble on a coin its NEO'. I had bought a position in August and the intent is to trade the trend with the intent to add coins to my core position of NEO'. This is a long term trade and intend of holding the trade for several months to a year, subject to change based on market conditions. But if it grows anything like ETH' did, I want to be well positioned for long term growth!
Thanks for reading look forward to your comments!
Technical
1) broke the horizontal consolidation box and retested the channel
2) strong move and breached the upper linear regression (1 std deviation)
3) RSI indicator broke 80 and did not dip below 40
Fundamental
NEO' is the ETH' of China, and now that we have regulations being implemented, this allows good, valid crypto currencies to bring in more mainstreet investors. We mentioned in several previous articles that China wants to be a world leader and not a follower. What do leaders do? They lead by example, and have taken the steps to implement regulations that will bring legitimacy to the crypto currency market. Crypto currencies will change bartering, trade, and the financial systems as we know it and China wants to lead not follow. Trond Undhiem coined crypto currencies "the internet of value" in a fortune magazine article from 2014 for which was titled "why banks fear bitcoin". What crypto (besides BTC') is in a better position in China than NEO? (If there is one please let me know in a respectful manner)
Why is China an important market? Well China does over 5.5 Trillion dollars a year in digital payment five (5) times that of the US. China is the world leader in trade. Internet of value and change the way we barter trade and finance come to mind. I recommend reading that article was eye opening and then you'll know why I am buying into NEO' right now.
Have you seen the price of gas lately? I don't mean at the pump, I mean the dividend that NEO' pays currently at 0.007 btc which is about where NEO' is trading. The dividend comes out to about 7% a year at the current price. It doesn't get any better than this.
Those that have followed for a while know I like a working product, first to market, great team, and venture fund interest. Well sometimes in life you have to take a gamble, and if I'm going to gamble on a coin its NEO'. I had bought a position in August and the intent is to trade the trend with the intent to add coins to my core position of NEO'. This is a long term trade and intend of holding the trade for several months to a year, subject to change based on market conditions. But if it grows anything like ETH' did, I want to be well positioned for long term growth!
Thanks for reading look forward to your comments!
บันทึกช่วยจำ
Please note I have taken some profits off the table along with half of the trade position just in the event BTC pulls back and drags the market down with it. My stop will be my entry which would result in a 8% profit overall. I am happy with that.บันทึกช่วยจำ
Closed trading position for those keeping track. still have the core position have not touched it. This is why we must always monitor trades and if we see something not right we take money off the table. Did a little better as the initial entry was 0.0075 closed 50% of it at 0.0081 and the remaining at 0.0077. That taking off the table made a difference between 2.5% and 5% overall profit. the 8% was a mistake and was the first profit trade. Money management is key!
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