NEO: The solution to the +3000% Quiz

in #neo7 years ago

Nowadays almost everyone in the crypto scene know that Bitcoin has increased its value in 5 years from almost 0 usd to almost 8.000 usd recently. If we shorten the timeframe we could say that in 2 years (since November 2012 to November 2014) Bitcoin price boosted from nearly 2 usd to nearly 1.100 usd. And from that level it has multiplied its value nearly 7 times to get to 7.800-7.900 usd zone in three more years.

We have faced stunning rises and skyrocket bullish runs, any drop in price was but a great opportunity to buy back and increase long positions. Now the question is... shall we see similar patterns with any of the huge amount of cryptocurrencies currently in the market?. To ilustrate this let me show you one Quiz. Spot the differences...

Quiz.png

If we look at both charts we can see two similar patterns. Both have a first initial bullish wave from lows, and then an aggresive rise in three waves (bullish period), followed by a period of consolidation which ends near the zone of the second wave peak. Climbs and retracements follow similar structure in the two patterns, and so the proportions and length of each move. Moreover, both periods are almost identical in length. How come? Are they sibling coins?. Ok, let's see the solution to the quiz...

Quiz2.png

Yes, the solution has one name: NEO. Formerly Antshares, it has surged to become a legitimate inheritor of Bitcoin in Asian markets. Since it started to be traded in Bittrex late in 2016, it's been worth less than 1 usd and more than 55 usd (in August 2017). Since that high it has been consolidating, dropping steadily and softly to last week levels around 26 usd. After the Segwit2x cancellation, most cryptos have started an upward trend, and at this point is when we must pay special attention to figures:

  • Bitcoin chart is weekly, NEO chart is daily. This means that NEO growth is expected to be much faster than Bitcoin's.
  • Since the peak in november 2013, Bitcoin has done a x7.
  • Since the end of the bearish period (May 2015) at 260 usd (which lasted 72 weeks), Bitcoin took another similar period (72 weeks) to reach 735 usd in November 2016 (that's a x2.6). Since 260 usd to recent all-time-high, Bitcoin has increased its value by a +3.000%.
  • NEO periods have lasted around 90 days. If we are facing right now the end of the bearish period and the start of a new bullish period, we could see it at 1.170k sats by the end of January 2018 (value in USD will depend on Bitcoin price of course).
  • If you dream a bit more, consider that if the patterns are to be repeated NEO could be much higher than that in 2018. A +3.000% from current levels would drive price to 13.500k sats (0.13500000 btc). Taking current Bitcoin price this could be a price near 1.000 usd.

Consider it and evaluate it by yourself, take your own conclusions, but don't take it too serious... it's just a Quiz

Caerus Eminence

More info at:

Telegram: t.me/CaerusEminence
Twitter: @CaerusEminence

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