SysCoin - top gainer during the BTC drawback. Coin of the day is SysCoin.
SysCoin technology allows users to conduct low-cost transactions like Bitcoin and also acts as a medium for business trading, provides businesses the infrastructure for trading goods, assets, digital certificates and data securely.
The primary 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 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.
Latest events
Added to the Shapeshift.io. Shapeshift is popular cryptocurrency exchange platform.
Technicals
Bottomed on the 2018.04.05 testing the Bearish Trend Line once again. SYSBTC global pattern bottomed on the 2017.12.08, since then the coin is rising, drawing each retracement bottom higher than previous, which fits into a bullish bias. Having bounce off from the Bullish Trend Line the coin crossed 100-days EMA and 0.00005 psychological level, aiming to test Bearish Trend Lone once again. A breakthrough above the Bearish Trend Line and 0.00006 level will be a signal of the new growth cycle beginning. 0.00005 level must stay strong to support the growth scenario.
SYSBTC
Syscoin: NEW DEVELOPMENTS - 24 HOURS = 40.89% PROFIT!!!Our " Crypto Bottom" Signal has correctly identified a buy in point on the 16th of May 2018.
Using this buy in point and selling at today's peak price, you would have expected to net 40.89% PROFIT!!! in 24 HOURS
The increase in price may also be explained by positive developments including:
March 2: The Telegraph (United Kingdom Newspaper) publishes article aboyt Syscoin which states that "Syscoin is Bitcoin’s smarter, cheaper little brother".
March 3: Syscoin announces airdrop on the Syscoin network for CPS coins as part of a social consensus mode. According to the website, “On March 17, 2018 a snapshot of all CoinPayments accounts will be taken. Each of those accounts will receive 100 free CPS Coins and will also eligible for an additional 25 CPS Coins for each new user referred.
March 8: Announce the release of Syscoin 3.0 on March 31st, 2018. This aims to add masternode support and support for z-dag (zero confirmation transactions).
March 10: Syscoin 3.0 Release Candidate 1 is released on the Testnet.
March 17: Syscoin releases update to Blockmarket. Blockmarket Desktop 1.2.1 update has the following added features: First-Time User Help and Bug Fixes
March 21: Syscoin releases update to Blockmarket. Blockmarket 1.2.2 updates the Flyp.me function.
March 28: Syscoin releases update to Blockmarket. Blockmarket 1.2.3 includes numerous bugfixes.
March 28: Richtopia notes that Syscoin moves up 13 places to #3 on the 'Top 100 Blockchain Organisations Worldwide'.
March 28: Binance lists Syscoin.
April 19: Syscoin 3.0 RC2 is released to Testnet.
April 24: Ledger announces that it is working to support Syscoin.
April 25: Syscoin announced masternodes launching on April 30th.
April 26: Coinpayments announces that it aims to support syscoin payment processing.
April 27: Korean Jew Crypto (Youtube Personality) has interview with Co-founder/CEO of Block Foundry.
April 28: Reuters interviews Blockchain Foundry Inc. creators.
April 28: Crypto Coin Show (Youtube Personality) interviews Blockchain Foundry Inc. creators.
May 1: Syscoin 3.0 Upgrade Process begins.
May 2: Syscoin 3.0 is Live.
May 3: Bittrex Exchange team has confirmed that #Syscoin 3.0 has been verified and is now online.
May 4: Blockchain Foundry Inc closes Business Combination with Tiller Resources Ltd creating a blockchain-based business solutions and consulting company. In connection with the Business Combination, Tiller changed its name to Blockchain Foundry Inc.
May 10: Syscoin Indexing Service: Syscoin 3.0 introduces a suite of new tools for creating custom #blockchain applications.
May 11: Blockchain Foundry Inc.($BFCN) to Commence Trading on Canadian Securities Exchange May 14th, 2018.
May 11: Syscoin releases new whitepaper for 3.0 release.
May 12: Litebit (Netherlands Exchange) lists Syscoin.
May 12: The Blocknet lists Syscoin.
May 15: Coinspot (Australian Exchange) lists Syscoin.
May 15: Syscoin releases an update to it's encrypted message service.
These positive developments as well as a general recovery in the cryptocurrency markets have led to a surge in price of Syscoin.
The "Crypto Bottom SIgnal" used in this analysis is included as part of the Crypto Trade Signals subscription.
SYSCoin - Buy on Daily Chart - Supported by 55 and 200 EMAThe 55 EMA on the Daily and the 200 EMA on the Daily are offering great support for a move upward on SysCoin.
- The 55 EMA is being crossed as well to the upside by the 9, 13 and 21 EMA's, a strong bullish sign on a coin which hasn't yet exploded.
- The RSI is strong, having climbed all the way up to the 60 area.
- MACD on Daily chart also has crept over the 0 line.
- Possible handle forming on a cup which started back in the first week of March
- Resistance at $0.53 lets see if we can break it.
BITTREX:SYSBTC
SYSBTC Bittrex 4H up to 29APR18 Trading Analysis (TA)SYSBTC Bittrex 4H up to 29APR18
4H Chart, also works in 1H, at this time the SysCoin (SYS) has been floating on SUPPORT ZONE 2 for a couple of hours after RESISTANCE ZONE 1 became into SUPPORT; the 50,100,200 MA indicator already crossed and has been moving into an ascending pattern with strong separation between the 100/200 Days Signals (Green Arrows), the RSI (Blue Arrows) is moving into an ascending pattern and the MACD even though is pointing down eventually could find its way up in the following hours (Yellow Warning Sign), if this keeps this way will meet again RESISTANCE ZONE 2 to then move forward, but keep always in mind that also may go down. At this time the Market Cap in hovering the 434 Billions. Good Luck!
4H Chart, también funciona en 1H, en este momento SysCoin (SYS) ha estado flotando en SUPPORT ZONE 2 durante unas horas después de que RESISTANCE ZONE 1 se convirtió en SUPPORT; el indicador MA 50,100,200 ya cruzo y se mueve un patrón ascendente aumentando la distancia entre las señales de 100 y 200 Dias (Flechas verdes), el RSI (Flechas azules) se está moviendo hacia un patrón ascendente y el MACD, aunque apunta hacia abajo, eventualmente podría subir en las siguientes horas (Señal de advertencia amarilla), si esto se mantiene de esta manera, se encontrará nuevamente con la ZONA RESISTENCIA 2 para avanzar, pero tenga en cuenta que también puede disminuir. En este momento, el MARKET CAP ronda los 434 mil millones. ¡Buena suerte!
"Bitcoin will do to Banks what Email did to Postal Industry / El Bitcoin le hara a los Bancos lo mismo que el Correo Electronico hizo a la Industria Postal"
REMEMBER : I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
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.
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!