Hey Steemians, it's neo (pun intended) secret unless you've been sleeping under a rock that NEO formerly known as Antshares is absolutely on fire. With value growth that is extremely uncommon in currencies except for pump and dumps it has been steeming on ahead, eating up sell walls, and defying all odds and continuing to increase in price.
However having been day trading NEO for the last week I've noticed a "cycle/trend". It seems like when the western world is awake there is very light action on NEO, however when the night goes on (and as China wakes up) we begin to see a lot of price action on the NEO share, which coincidentally is happening as we speak.
However, what's different about today than any other day? Well my friends today, and tomorrow the NEO Developers are having a meet up in Japan to discuss the future of NEO. What happened the last time there was a NEO Conference? We went from a sub $1 currency to a plus $10 currency. We are talking about some serious, and very real profit margins here HOWEVER, and this I must stress, the chance for a price collapse is ENORMOUS so it is not without its risk.
So remember steemians, take any crypto advice (even mine) that you read with a grain of salt and never invest more than you are willing to lose. Take care, and have a great day! If you feel any of this was useful to you please throw me an upvote, repost, and/or follow. It would be greatly appreciated and will help me to continue to generate quality content.
The blog post I wrote below details some of the reasons why NEO has been sky rocketing in value:
I've been using two trading indicators to help me make my NEO trading more efficient which I highlight in a previous blog post:
If I'm not mistaken, the last NEO conference was when they announced the rebranding from ANS to NEO and the price took a hit in the next couple of days after the conference
After all the bull run we've seen lately with NEO we might have a "buy the rumour sell the news" this time
Yes that is exactly what happened last time, and is quite possibly what is going to happen this time.
However there is MASSIVE profits to be made if done correctly. I've made $1700 today simply trading NEO which has allowed me to greatly expand my other holdings
Congrats on the nice profits you made
Thank you! It's not too late to profit with NEO
I would like to know the reason behind all this NEO appreciation.
Here is another article I wrote detailing some of the reasons why
https://steemit.com/cryptocurrency/@linuxguy/neo-antshares-2-0-huge-potential-for-neo-to-moon-in-the-next-1-3-days