SYSBTC trade ideas
Syscoin Prepares For More | Uptrend Since August | Easy 40%+Syscoin (SYSBTC) has been in an uptrend after it hit a new low in early August. Now, this pair only keeps on growing.
The charts are really bullish and the SYSBTC pair caught my attention recently, meaning, this is about to move up.
SYSBTC Chart Signals
We have a really strong break above EMA50.
We can see new peaks (higher highs) being hit all the time. We have a clear uptrend forming.
We also have bullish indicators (MACD and RSI).
Volume breakout (sudden influx of trading volume).
All these signals are pointing to the same... Syscoin moving higher.
In case the prices go lower, I marked the different support levels with blue lines on the chart.
The targets (magenta) are also clearly marked.
Thanks a lot for reading.
Namaste.
Let's keep this SYSCOIN Chart as a reference only.Let's keep this SYSCOIN Chart as a reference only.
Here it shows the price of a single SYSCOIN
On 01/07/18 at NINETY FIVE (95) BTC. Yes, that's right.
On 01/12/18 SYSCOIN price had dropped at
0.08 BTC.
In order to make this inverted Gauss Bell short,
we see today SYSCOIN at 0.00000283 BTC / One SYS.
Again, that's right, today this coin has a $ 0.028 price tag each.
(Just under three cents of a Dollar)
According to what we can see on this chart,
SYSCOIN has never shown on the charts any sustained growth.
All we can do, and the best we can is to give this Token
the benefit of the doubt and if we force ourselves to think
that this is the lowest it could go, and it has a positive reversal here
we can say without a shadow of a doubt:
"Good Bye."
Let's have a close look at Syscoin. We will be having a close look at this coin.
Starting with its max..Coin Supply: 888,000.000
Why 888 (I think!) Because in China & 8 is considered a Lucky number.
- Seriously.-
They have a circulating supply of: 561,448,333 ~ 70.1% of Max. Supply.
Public Info. Shows $ 1,068,372 24 Hour Trading Volume.
This is a UTILITY TOKEN, with a high T.P.S output.
This combination of factors plus its 177 Ranking makes this one worth
all the time dedicated to study it and visit its website, they claim
to be able to handle Thousands of Transactions Per Second.
#SYS $SYS @SYSCOIN 50D SMA Resistance#SYS - Daily chart showing ascending price action with ascending support.
50 day SMA acting as STRONG resistance, as you can see it's been tested and rejected many times. A breakthrough of the 50 day SMA (green) would be very bullish.
Breaking the ascending support would be bearish.
Syscoin Is Next To Wake Up! (Over 350% PProfits)Syscoin (SYSBTC) is the next altcoin pair to wake up and print a high volume breakout.
This breakout above EMA5/10 is normally followed by a retrace, but this is the signal that this pair is waking up.
Notice the red trendline, with a close above 0.00000360 satoshis on the daily timeframe, this resistance is broken and SYSBTC can start to consolidate or a new uptrend.
The RSI hit its highest point since March 2019.
This is just the beginning and also an early warning... More to come in the near future...
The Altcoins Market Continues To Heat Up...
Namaste.
SYS consolidating on top of old resistance, could move higher.SYS/BTC is currently consolidating on top of old resistance around 300-310, and is currently testing this descending resistance line that has held the price down since July 17th. As price enters the apex of this pennant/wedge formation, we could see SYS break to the upside for a potential 7-12% move, if not higher up toward that 4-hour 200 MA in Red. We also have the 4-hour 50 MA (in green) right in that support box as well adding an extra layer of support confluence. Higher risk given the current market environment.
MA Guide (All 4-hour for this post.)
50 MA in Green.
200 MA in Red.
Entry: 305-312.
Target 1: 335.
Target 2: 345.
Target 3: 4-hour 200 MA.
SL: 295-297 (below the green support box and below the 4-hour 50 MA.)
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
-As a side note, if you would like to support a college kid and the TA I do, I accept BTC/ETH/LTC/USDC donations. Any and all donations are greatly appreciated and really do help me out! Thank you to all you who donate. :)
BTC: 3F13946JWfNskLDu2oi3FTRV65FV9yK7U8
ETH: 0xe032430f158966F4118af917b5F1e024949697bB
LTC: MVDbAhm2yoyCzeRnayMN61oZp75MZ5SZVj
USDC: 0x1F6d47a9330897d6043886d64738A2E255dd0b92
SYS/BTC Long Idea The trade is a very simple one. The CCI is indicating a buy signal on the one day chart. The bulls spiked the price yesterday and we are now in consolidation mode until the bulls are ready for their next attack.
Entry: B.00000425
Target 1: B.00000500 (+17%)
Target 2: B.00000600 (+40%)
Target 3: B.00000800 (+85%)
Target 4: Open (Will update trade idea when target 3 is breached)
Recommended Stop-loss: A daily close below the previous swing low.
Syscoin (SYSBTC) Prints High Volume (Bulls Are Watching)Syscoin (SYSBTC) seems to be reaching a low after printing a strong bullish candlestick pattern.
Back in mid-May a low was hit and SYSBTC bounced and tried to break above EMA50 without luck. After this low was hit EMA5 and EMA10 were easily broken but there was no volume to support this break, this can be easily seen on the chart above.
We take a look now at the inverted hammer on the 18-June, we can see massive volume while again EMA50 rejected the growth.
Now, on the 27-June, we see another attempt to break above EMA5 and EMA10 (today), but this time we have significant volume (high volume/above average) and the MACD and RSI trending towards the bulls.
Great potential here... Keep an eye out on this altcoin pair.
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Thanks a lot for reading.
This is Alan Masters.
YES! ALWAYS PRESENT, STAY POSITIVE
Changing mood is normal, it is good… It is wise to express and accept what we feel.
In certain situations, you can or have to choose between fight or love.
But let’s not judge the experience, just enjoy and learn from it all.
So maybe we won or lost the game…
Maybe the case goes right or wrong.
It doesn’t matter what really happens…
YES… Always present… Stay positive…
Another opportunity will always come.
Namaste.