SYS
SYS 1D - Breakout imminent, continued upward price movement.Trading idea for one of my favorite #altcoins, SYSBTC.
- All cloud metrics on the daily chart are bullish.
- Ascending triangle continuation in play.. volume profile is perfect.
- 50/100/200 EMA all bullish, with 50EMA acting as strong support.
- Lower TF bbands (4hr, 6hr) contracting, expecting a breakout soon.
- Strong bounce off horizontal support today.
- Fundamental catalyst - masternodes and mainnet due to release Q1 (before end of March 2018).
Syscoin Should Move Up 150%While producing higher highs and higher lows, Syscoin continues to trade upwards. The last correction down resulted in 70% decline, where price moved from $1 down to $0.3, where 161.8% Fibonacci support, as well as the uptrend trendline, have been rejected.
After rejecting the support SYS/USD recovered by moving up 144%, resulting in the break above the descending channel. The corrective wave down followed where 261.8% Fibonacci support and the upper trendline of the descending channel have been rejected, suggesting the continuation of the uptrend.
The strong resistance, confirmed by two Fibonacci retracement levels is located at $1.5, which is a 150% growth potential in the medium term. Currently, the price could consolidate between $0.5 and $0.75, which seem to be the accumulation zone.
Syscoin VS Bitcoin Confirming The UptrendSyscoin has been one of the strongest coins during the last few months correctional phase. While most coins have been losing to the Bitcoin, Syscon held its' value while the price was ranging between 5k and 7k satoshi.
SYS/BTC continues trading above the 200 Moving Average and managed to break above the downtrend trendline. During the past few days, it has been rejecting the 38.2% Fibonacci support, where the downtrend trendline acted as the support and has been rejected as well.
This could be the confirmation of the continuation of the uptrend sending Syscoin much higher from the current price. Although there are few strong resistance levels to overcome. First two are 8.2k and 10.2k satoshi levels where previously resistance was established. If they are broken next target would be 127.2% Fibonacci retracement level at 12.6k satoshi. Break above the final resistance will prove the long-term strength of Syscoin, which is a very likely scenario.
BTC - WHEN TO BUY ALT COINS? - CHECK THIS AND THEN BUY ALTCOINSI dont suggest you to buy Alt Coins before we break 11400 , then we can talk about bull season.
If we break 12000 , then alt coins party will start. Alts are waiting and hungry to boom. Thats why Alt coins wait for the uptrend confirm.
Altcoin Buy : 11400 (BTC) Buy at this price only oversold alt coins
Altcoin Buy: 12000 (BTC) Buy alt coins has a good white list like sys, strat ....
Syscoin BUY opportunityTechnically it is not a strong Buy signal, however there will be Syscoin masternode and hardfork incoming days. So, I would buy and hold until 25th of February. Be advise, this coin has already been pumped up to certain levels, but there is still room for another spike up. So, if you get in this trade, keep your bag rather small and exit when you feel good profit.
Analysis on SYS Coin $SYSSyscoin ($SYS) having mainnet release for Blockmarket Web 1.0 & Desktop 1.x with Masternodes v1.0 by end of feb and not only that, There will be a hard fork for the masternode release closer to the end of February/March as well. Higher think price will go up soon and on top of that, using TA, we can see a flag forming as well with price consolidating between 6200 satoshi range to 6500 satoshi range. It’s a bullish sign and a possible breakout might be happening.
Price now: 6200 satoshi
Recommended stoploss: 5500 satoshi
SYS/BTC GOOD ACCUMULATION ZONE The price of SYS/BTC has been oscilating between the 0.382 and 0.618 FIB levels since December after the clear upward trend that we witnessed back in November.
The price is also moving close the EMA(50), which an give an additional support. The RSI shows plenty of room for SYS to grow, and the MACD is close to a potential cross that could begin another bullish wave.
For this trade, i think it is a good strategy to accumulate at prices below the 0.5 FIB level. Although the wave up might end up not happening, if the price of SYS breaks 0.00006, I am inclined to see it going for the next resistances.
Buy and Accumulate: Below 0.00006, ideally close to 0.00005
Take profits:
@ 0.00007000
@ 0.00008251
@ 0.0001 for the more ambitious !
Stop-loss at 0.00003570
Syscoin history is repeating itself once again, 25K+ sats! TA
Sys/btc just confirmed the breakout through this years resistance line. It bounced and is ready to move to new highs in 2018. Expected growth: 2016 flag breakout and more. Volume increase is indicating a X5-X7 rise in btc value. Ichimoku and Direction indicators are showing it's taking off any day now (Basic subscription....)
FA
Keeping in mind what's coming for sys in the next month(s), we can assure you that this will only be fuel on the fire for 2018 all time high (25k+sats and beyond).
Coming in Q1 are:
-The long expected Blockmarket Web (everyone with a browser will be able to make use of the benefits of crypto currencies through this web marketplace)
*Merchants are already confirmed with over a million SKU's (see blog to know which ones)
*Fiat gateway
*Import filter for ebay/amazon sellers will come live so any one can import their stock from these websites to BM Web
*Integrated escrow service
*Different in-build shipping options
-Masternodes (100k coins, Dynamic retur based on amount of nodes on the network sysnode.info , Seniority bonus, fee voting system like dash has)
-Total Rebranding of syscoin's/Blockchainfoundry's image done by ballistic arts (Video content, Logo redesign, Website redesign and more to be announced)
-Blockchainfoundry's listing on the canadian stockmarket ( will cause some buzz in the stockmarket sector and will probably attract new investors to syscoin aswell)
-Syscoin's API 2.0 including a hard-fork
For the rest of the year:
-Blockmarket Pro (anyone will be able to host their own marketplace front-end on the syscoin protocol)
*Real estate partnership already confirmed. Blockchainfoundry has been working with them since february 2017.
Link to blog article: medium.com
-Syscoin assets in combination with EVM (Like ico's, but each coin on a chain will be highly programmable)
*Cashing in and out at online Casinos without waiting for a long chain of slow confirmations or bank account transfers lasting days
Instant purchase of in-game tokens such as power-ups
*Green energy tokens representing kWh
*Instant token transfers among players in multiplayer games such as online poker
*A token can be colored (signed) with additional, unique data, such as avatar, special powers, etc., to represent a character in a virtual world. Tokens would be fully tradable. You could also trade your Alias that has multiple characters.
*Minting new coins to send and receive value (with pos-capability) and issuing ICOs on top of SYS
*Diamonds and jewelries: Each token can be signed with additional data to allow witnesses or notaries to verify each stage of the process that the diamond would go through; for example, mining, cutting, recutting, mounting, etc.
*Limited-edition products: hand-made music instruments, antiques, vehicles, etc. Each token represents one item and can include additional custom data such as serial number, color, and other features.
*All of these assets could be traded on Blockmarket, or a customized marketplace built on the Syscoin blockchain.
Useful links:
-Masternodes and token issuance: medium.com
-Masternode rewards: sysnode.info
-Slack invite link: join.syscoin.org
-Syscoin twitter: twitter.com
-Syscoin devs twitter accounts:
*https://twitter.com/sebschepis
*https://twitter.com/realSidhuJag
*https://twitter.com/BlockchainDan
*https://twitter.com/Keyare_
-Community written article: medium.com
-Syscoin to do list 2018: pbs.twimg.com
-Introduction to Blockchainfoundry (the company that created syscoin and the Blockmarket dapp on top of it.): youtu.be
-Roadmap: pbs.twimg.com
Syscoin The Hidden Gem 2018: HUGE OPPORTUNITY"The Most Undervalued Project in the Crypto World (Not for Long)"
"As compared to many other crypto projects, Syscoin with its $400 million market cap is incredibly undervalued as of today. Due to a long list of recent and upcoming events, such as the recent fund of 3.3 million dollars, Blockchain Foundry’s 2018 IPO, industry-shaking new innovations, breakthrough in transfer speeds, rebranding and marketing campaign; it is just a matter of months that this project gets incredible attention and catches up with most of the highly valued ones in the crypto space. Once this happens, a $10 billion market cap (25x projected price appreciation) will be just the beginning in the mid-term." by Steven Voros
Check him out:
medium.com
Other interesting contributions to Syscoin:
Syscoin -The Hidden Gem Of 2018
medium.com
Syscoin @syscoin Twitter
twitter.com
20k Sat target on syscoin sysbtc I charted Syscoin earlier, it is well known in crypto land that SYS will release its biggest developments in its whole history this year. A few of them: Masternodes, blockmarket web, smartcontracts, decentralized mixing services to combine anonymous transactions and to create anonymous marketplaces etc.
Fundamentally it is one of the best coins out there in which you can invest for the long term. In the chart I expressed a fib retracement box to show my targets on it.
Huge potential on syscoin sys/btcLast time we had a golden cross on the daily chart, 3/4 year ago, syscoin gained x10 in value. The golden cross has happened again lately and fundamentally there are some big releases coming soon to syscoin. Blockmarket web 2.1, masternodes, anonymous transactions and a lot, lot more. Syscoin has been moving under the radar for a while and is now sitting at number 81 according to its marketcap. In my opinion its a coin which belongs in the top 20, if not top 15.
For further explanation on the fundamentals you can read this article:
medium.com
Good luck!
SYS long term hold but maybe not a buy yet for max roiOkay so I have a friend who put sys on my radar, lots of good news coming out about this in the coming days and weeks so the down trend that we are in right now could switch. This is purely TA and not much FA but keep in mind they do have some announcements coming out soon.
However looking at a short term time frame we are rallying a bit, possibly because BTC stopped pumping as of now and most alts are pumping... if we can close above 0.00004900 then we may be heading up sooner and I will have to adjust my buy level. Currently my buy level is around 0.00003000 but I may buy soon and average down if it keeps going down. I cant see it going much lower than that. If we can continue the pattern we have been seeing and also crush thru the falling wedge then I think the next stop will be up at the ATH level shown on the chart. Let me know what you guys think Ill be updating this post as i see fit. Hope yall are crushing it today.