By using the pitchfork on the log scale it can be clearly seen how snuggly the price movement of NEO fits within its forks.
I see the following on the weekly chart:
1. bottoms at the end and start of the year
2. tops during summertime in july.
3. clear resistance and support at the center line
assuming that the fundamentals of NEO and BTC don't change the coming years, and price sticks within the forks, then NEO can be projected as shown in the chart.
This means, that at the first next ATH, NEO will pass the 0.4 BTC value in july 2018.
Then NEO will drop back down to 0.1 BTC in january 2019 or so.
Then during the rally to new ATH NEO will surpass the 1 BTC in price around april/may 2019 when it breaks the center line.
So what does this mean for the price of NEO and/or BTC in USD? It's hard to tell.
1- BTC might plummet and other major cryptos will take over, price of NEO might go up as high as $20000 at the ATH in 2019 (which would then be > 10 BTC)
2- BTC starts ranging in price between $5000 and $20000, other major cryptos are catching up with BTC, price of NEO might go up as high as $8000 at the ATH in 2019
3- BTC shoots beyond the $20000, then other cryptos will have a hard time catching up to BTC which will probably mean, that the price will drop down out of the fork.
if scenario 2 or 3 unfold, then I expect price tall drop out of the fork at some point during 2018/2019.
-- this is a mental note --
I see the following on the weekly chart:
1. bottoms at the end and start of the year
2. tops during summertime in july.
3. clear resistance and support at the center line
assuming that the fundamentals of NEO and BTC don't change the coming years, and price sticks within the forks, then NEO can be projected as shown in the chart.
This means, that at the first next ATH, NEO will pass the 0.4 BTC value in july 2018.
Then NEO will drop back down to 0.1 BTC in january 2019 or so.
Then during the rally to new ATH NEO will surpass the 1 BTC in price around april/may 2019 when it breaks the center line.
So what does this mean for the price of NEO and/or BTC in USD? It's hard to tell.
1- BTC might plummet and other major cryptos will take over, price of NEO might go up as high as $20000 at the ATH in 2019 (which would then be > 10 BTC)
2- BTC starts ranging in price between $5000 and $20000, other major cryptos are catching up with BTC, price of NEO might go up as high as $8000 at the ATH in 2019
3- BTC shoots beyond the $20000, then other cryptos will have a hard time catching up to BTC which will probably mean, that the price will drop down out of the fork.
if scenario 2 or 3 unfold, then I expect price tall drop out of the fork at some point during 2018/2019.
-- this is a mental note --