SYS
SysCoin (SYS) Trade Analysis (222% Earnings Potential)SysCoin (SYS) Trade by Alan Masters
CHARTS, SIGNALS & INDICATORS
Chart signals and indicators can be really useful when determining when a coin is about to breakout. When a new bull run will start. Or simply to get a better idea to understand what might happen next, by looking at candlesticks and chart patterns for example.
One pair of indicators that is really important, volume and momentum. Once a coin hits bottom and bounces, then you see an increase in volume and momentum building up, you can start to prepare as action might be coming soon, and this is what I am seeing by looking at the SysCoin daily and 4 hours charts. Let's take a look:
Daily chart:
- First you can see the red square which is the bottom price that SYS hit after its bull run that started back in December. At that time SYS was trading below the Simple Moving Average (SMA) 20, 50 and 200 lines. Which is a bearish signal. In the past few days, SysCoin broke out and is now trading above the SMA200 (brown) and SMA20 (green) lines. We need to break the SMA50 (blue) line resistance in order to reach for our first target.
- The MACD crossed over and it is trending up strong, with momentum building up and plenty of room left for growth.
- The RSI, DMI and OBV are also bullish and showing potential for more.
- We need a strong close today in order to move to the next level...
4H chart:
- In this chart, you can the SMA lines crossing each other.
- We can also see the possible formation of a pennant or ascending triangle, which are bullish formations.
- The 3 Days and Weekly charts also look beautiful and ready for money in a few days/weeks.
- Low volume allows for plenty of room for growth.
TRADE INSTRUCTIONS
Buy-in: 0.000048 - 0.000056
Targets:
(1) 0.00006159
(2) 0.00007798
(3) 0.00008964
(4) 0.00010450 (All time high)
Trade strategy: This is a very strong coin. Feel free to hold for long and wait to sell on target.
Stop loss: If you want to use a stop loss you can try 0.000035. If this level is broken and we close below it (on the daily time frame), SysCoin is very likely to go lower. If it is only a hit & miss, hitting the price and bouncing back strong, then you shouldn't worry about it.
Message: Upgrade
This is my upgrade. For me, for you, for myself and for you as well.
This is how we do it in my world.
This is how we ask for something. This is how we manage the energy, for me, this is how the money flows.
What's an upgrade and why would you want one?
An upgrade is the change that happens when a new idea comes in.
It is when you have a belief system, of something old, that isn't working, that won't let you succeed.
The upgrade comes one day for you without knowing, and gets planted like a seed.
Things start to move, you start to wonder what it will be.
And then the time comes, the situation starts to develop. You see lots of in fighting, your belief system is trying to say no.
But you reach the last part, it is the end and you want to keep up.
Life is telling you that it is over but your passion helps you remain strong.
And that's when the new idea shows its flowers and you can see its true form.
You used to believe that you needed money to be happy.
But now you have money, you are happy, and yet you clearly understand that happiness isn't money, being happy means so much more...
Namaste.
SYSBTC Long UpdateSYS closed well on previous day and just broke horiz. value channel.
Will be looking to add to positions here if there is a breakout. As well as possibly scalp what might be a parabolic move or 4-8 hour move up sometime in the future.
Will be watching price action and volume here in the next day closely. As well as if it continues an uptrend.
I am not a licensed financial advisor in any way shape or form.
This video and everything I say about trading, cryptocurrencies, money, life or anything in general should not be taken as financial advice.
Everything I say or write is my opinion. Make sure you do your own research and base all your decisions on what you find yourself.
I’m simply stating opinions. I am not giving financial advice, trade advice, or any financial advice in any way whatsoever. Everything I write or state is an opinion.
I AM NOT A FINANCIAL ADVISOR.
SYSBTC Breakout AnalysisIn this video I share analysis of potential SYS breakout.
It just hit Binance and seems to be testing an upper end of a horizontal value channel. The last few days have also been in an uptrend. In this video I share both my short term and long term targets.
This is also a strategy I trade called don't try to be right... you can find that on my youtube channel.
I am not a licensed financial advisor in any way shape or form.
This video and everything I say about trading, cryptocurrencies, money, life or anything in general should not be taken as financial advice.
Everything I say or write is my opinion. Make sure you do your own research and base all your decisions on what you find yourself.
I’m simply stating opinions. I am not giving financial advice, trade advice, or any financial advice in any way whatsoever. Everything I write or state is an opinion.
I AM NOT A FINANCIAL ADVISOR.
SYS nice buyzone coming in. Bearish short term (2 - 3 days)Looking at SYS/BTC chart it seems a symmetrical triangle is formed on the RSI indicating a possible continuation of the bearish downtrend.
Mayor support levels at 3700 and 3500 sats are coming up. I would put buy orders at 3500 sats.
In the last 9 months, Sys has peaked above the 7000 sats range 3 times, looking like it's getting ready for wave 4.
Selling half on a double if you buy at 3500 and keep the other half for a possible new ATH.
Stoch RSI also looking to go down for the near future. Give it a day or two to reach either 3700 or 3500 sats. After that it should bounce, or else it's going to be a pretty steep downfall.
SYSBTC (Volume Analysis Prediction 3/28/2018)The coin does not correlate with the market
So it has the opportunity to grow, regardless of the market
It's worth remembering that the downtrend is not broken yet, be careful
Entry point: 0.00005297
Stop: 0.00004963
Target1: 0.00006486
Target2: 0.00006818
SYS looking good and going upCoin of the day is SYS coin.
The main product of the Syscoin team is Blockmarcket, a blockchain powered marketplace "where you can securely and reliably buy and sell any items you wish". They position themselves as a future competitor to Amazon and eBay. Syscoin offers a set of technologies: a global network, a distributed ledger, a decentralized database and a blockchain.
Originally launched in late 2014 and created through a Bitcoin fork, the current version brings us to Syscoin 2.1 and has an algorithm that allows it to be merge-mined with Bitcoin. Merge mining is simply the ability for miners to simultaneously mine two different cryptocurrencies based on the same algorithm.
For now, it’s one of the cheapest cryptocurrencies regarding transaction fees (behind zero-fee transaction cryptocurrencies NEO and NANO), even cheaper than Ripple.
Syscoin is present in the industry since 2014, relatively long for blockchain companies and has a fully functional product, which proves the competence of the team.
SYSBTC lowered under the pressure of the latest Bitcoin recession but stumbled on the 0.00004 level at 18.03.2018. The currency pushed off from the 0.00004 support but did not manage to break above the 0.00005 resistance. The coin stays in the uptrend bias and probably will test the 0.00005 resistance again soon. In case of the breakthrough of the 0.00005 resistance, next target will be 100-days EMA.
From the downside, 0.000045 and 0.00004 levels will play a supportive role.
ready for the breakoutsys remained strong than most altcoins in previous bear market but then suddenly started to fall down to the old support line of 3900 satoshi level when the bollinger band squeezed. The triangle; that connects the downtrend line and the support line interceps just before the end of march. (Masternodes and hardfork of the syscoin are planned on 31th March). There is also a clear bullish divergenge on rsi.
SYS very strong uptrendOne of my favorite bags is SYS BITTREX:SYSBTC and its moving very nice in that uptrend channel !
Last days SYS was very stable and did not dropped like all the other coins, the trend channel is coming to an end an we will see soon (if there is enough volume) and BTC BITFINEX:BTCUSD is not doing crazy things a good long position!
Dont forget that SYS has very strong FA + TA so i am holding for longterm with nice profits on that already!
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