NEO GAS (GAS) is about to break out and is still undervalued / Trade Update(2) 01/01/18
GAS/BTC
Profile: 01/01/18
GAS (GAS)
Price: 31.57 USD / 0.00230768 BTC
Marketcap. 288mio.USD / Rank 77 Coinmarketcap
https://coinmarketcap.com/currencies/gas/
Start Trading 12/18/17
https://steemit.com/cryptocurrency/@masterthematrix/trading-setup-long-call-on-gas-price-18-12-17
Open Trade: 0.00160000 BTC
Stop Trade: 0.00120000 BTC (hourly chart / candlestick)
Price Target: 0.00400000 BTC +
Update 2: 01/01/18
GAS Price: 0.00230768 BTC
Profit: 0.00070768 BTC = 44.18%
New Stop: 0.00150000 BTC
Trading Plan:
GAS (GAS) did pretty good the last couple of days, against Bitcoin terms. With 44.18% in the green, the Chart of GAS is about to break out of its consolidation zone and trending upwards to its projected target at 0.00400000 BTC. I think GAS at this low prices in USD and BTC terms is still a good buy.
But there is a great risk involved with China and its strict regulations in regards to Crypto. If China should further tighten the laws surrounding ICO and Crypto than this would be very bad news for NEO and GAS. On the other hand there is a major upside potential (greater than Target 2 in the chart), if there is any positive announcement in regards to Cryptos beeing more excepted in China. Another fact is that NEO / GAS is well connected with the government and should profit from any good news the most.
Please guys as always check the charts you are looking at. The same asset e.g. Tierion (TNT) can perform very different in terms of Bitcoin, USD or Ethereum. If you are planning to gain more Bitcoin as I do, than take a look at BTC charts. If you are planning to leave the crypto boat than take a look at USD charts.
Congratulations to everybody who followed this trade and can enjoy now a whooping 44.18% gain in just 14 days. Even though Bitcoin had seen a strong correction move, GAS was able to outperform...thats amazing!!!
I wish you all a happy new Year 2018,
@masterthematrix
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Niiiiiiiiice chart! It looks like a high potential 👍 Thanks @masterthematrix for sharing! 👏
Informative post. Keep it up.
Thanks for your support!!!
we are a lot a like apparently, check out our recs for overnite specs on Neo's "gas", decred, and some longer term stuff at the end...
https://steemit.com/cryptocurrency/@harpooninvestor/poopcoins-overnite-gas-and-decred
following your stuff as we seem to think alike.
#bitcoin
Maybe someday I ll get rich when bitcoin prices go up again
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