Altcoins

NEO Market Report: $NEO Bucks Market Selloff

Brief:


After being the only top ten crypto yesterday to buck the bitcoin downtrend, $NEO continues in the same vein today. NEO is up 0.12% in 24 hours, up 49.54% on the week and up 384.13% on the month on a last price of 0.01239398 BTC or about $129.94. The NEO marketcap is $8,446,100,000 with a circulating supply of 65,000,000 $NEO. $NEO/BTC is trading between a 24hr high of 0.01329960 BTC ($139.43) and a 24hr low of 0.00999000 BTC ($104.73) on a 24hr Bittrex volume of 6,701 BTC. In daily light to moderate volume trading the weekly trend is mixed.

Last price

0.01239398 $NEO/BTC

$USD

last price $ 129.94
one week ago $ 86.89

Price change

Price change is the $NEO percentage change within the period:

period change
day 0.12%
week 49.54%
month 384.13%

Volume

Volume

$NEO 24 hour volume
BTC 6,701 BTC
all $NEO currencies 132,738 BTC

The 24 hour volume for $NEO/BTC on Bittrex is 6,701 BTC. This volume weight is light to moderate when compared with Bittrex daily trading levels for $NEO over the last month.

The total 24 hour volume for all reporting $NEO markets is 132,738 BTC.

Market Share

The Bittrex currency pair $NEO/BTC is 5.05% of all $NEO traded in twenty-four hours. Bittrex is fifth overall on the daily market share in total $NEO. The top market share today is held by Upbit.com (Republic of Korea) who do not have an English language website. Second is Binance who holds over 26%+ between two pairs.

Remarks

After being the only top ten crypto yesterday to buck the bitcoin downtrend, $NEO continues in the same vein today. NEO is up 0.12% in 24 hours, up 49.54% on the week and up 384.13% on the month on a last price of 0.01239398 BTC or about $129.94. The NEO marketcap is $8,446,100,000 with a circulating supply of 65,000,000 $NEO. $NEO/BTC is trading between a 24hr high of 0.01329960 BTC ($139.43) and a 24hr low of 0.00999000 BTC ($104.73) on a 24hr Bittrex volume of 6,701 BTC. In light to moderate volume trading the weekly trend is mixed.

$NEO did show a temporary drop on CoinMarketCap yesterday January 16 2018 – and in double digits – but not for long:

$NEO on CoinMarketCap yesterday January 16 2018

$NEO was actually up by about 2% yesterday January 16 2018 in the midst of the bitcoin and crypto selloff as most other crypto joined the rush to sell. Now twenty-four hours later the numbers are saying $NEO is still bucking the trend, at least on Bittrex.

One Year Chart

Courtesy CoinMarketCap.com

One Day Candles
On the one day candles chart we’re seeing two red candles. The chart does not reflect today’s changes which generate a net positive gain for today:

$NEO 30 Minute Candles
The thirty minute candle chart ably demonstrates $NEO clawing its way back up:

$NEO claws its way back up.

Browse NEO Collection

Learn about the unique characteristics of $NEO. Browse our collection of NEO Market Reports.

Wednesday January 17 2018 Bitcoin Background

Altcoins such as NEO may show a relationship with bitcoin (BTC) which changes with the alt, bitcoin and market conditions:

Christmas Bubble is a “Huge Liability”
The bubble burst for bitcoin on January 16 2018, and it was first disclosed here on allcoinsnews.com on December 28 2017. On that date we ran a Market Report titled “NXT Market Report: $NXT Crashes Hard”:

“CoinMarketCap is reporting a one day crash of -51.03%. This is a sizable slide. Those who think bitcoin and other crypto is safe from this type of correction are mistaken. Institutional investors drove much of the 2017 Christmas bubble however they are in it for the long term. For shorter term traders the bubble is a huge liability.”

reference: http://allcoinsnews.com/2017/12/28/nxt-market-report-nxt-crashes-hard/#remarks

24 Hours of Bitcoin
Yesterday’s “24 Hours of Bitcoin” showed bitcoin down over 20%. Today’s report is fairer, down only -3.81% to $10,857.60:

24 Hours of #Bitcoin
-3.81% price $10,857.60
vol $18,990,600,000
mktcap $182,504,171,491
16.81M #XBT 20:52 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Altcoin Market Reports
We publish topical Market Reports on many altcoins. Browse our extensive collection of Altcoin Market Reports.

Highlight Chart

Tap / click to enlarge:

After being the only top ten crypto yesterday to buck the bitcoin downtrend, $NEO continues in the same vein today. NEO is up 0.12% in 24 hours, up 49.54% on the week and up 384.13% on the month on a last price of 0.01239398 BTC or about $129.94.
After being the only top ten crypto yesterday to buck the bitcoin downtrend, $NEO continues in the same vein today. NEO is up 0.12% in 24 hours, up 49.54% on the week and up 384.13% on the month on a last price of 0.01239398 BTC or about $129.94.

Data source

Bittrex is the main data source for this report. Other sources are credited where used.

Market capitalization

Market capitalization is the total $US dollar value of the NEO market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 8,446,100,000
Circulating supply 65,000,000
Last price $ 129.94
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 0.01329960 BTC
daily low 0.00999000 BTC

Trend

The weekly trend is mixed. The last two days are red while prior to that we saw four days of green candles and a clear uptrend.

trend is MIXED

Trend is "mixed" when the week contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.

Resistance

Resistance is the highest price within the period:

period resistance
day 0.01329960 BTC
week 0.01397314 BTC

Support

Support is the lowest price within the period:

period support
day 0.00999000 BTC
week 0.00763800 BTC

Market sentiment

Market sentiment is bearish. This is only because the rest of the market is applying downwards pressure. $NEO itself is doing quite well, thank you very much.

sentiment bearish

Image courtesy Pixabay.com

Summary

After being the only top ten crypto yesterday to buck the bitcoin downtrend, $NEO continues in the same vein today. NEO is up 0.12% in 24 hours, up 49.54% on the week and up 384.13% on the month on a last price of 0.01239398 BTC or about $129.94. The NEO marketcap is $8,446,100,000 with a circulating supply of 65,000,000 $NEO. $NEO/BTC saw weekly resistance at 0.01397314 BTC ($146.49) and weekly support at 0.00763800 BTC ($80.08). Market sentiment is bearish. The weekly trend is mixed in daily light to moderate volume trading.

Price Direction?
There doesn’t seem to be enough reason to buck an industry wide downtrend. Look for this buoyant and resilient token to see some downwards movement in the short term.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Wednesday January 17 2018 20:36 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Bitcoin & Ethereum

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Thanks for reading! 🙂

Tags

NEO, $NEO, BTC, Bittrex, Market, Report, $NEO/BTC, altcoins

KittyBitcoin supplies blockchain intelligence on http://kittybitcoin.com, on industry leading websites, and through white label channels since 2014. Follow @KittyBitcoin on Twitter®.
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