If you believe that quality crypto is in a huge long term bull market, wouldn’t this be an ideal time to buy Syscoin?
Syscoin may well be experiencing a classic “buy spike” situated at the end of a countertrend correction within a much larger uptrend. Actually a sell spike in character, it is referred to as a buy spike since it is often the last good buying opportunity to be seen. Syscoin is down around sustainable, long term support with long term momentum at its back, and selling pressure waning. The setup is there, and, yes, it could fail and go to zero, but since I think the odds are against that, and that the long term bull is gigantic, I’ll stick with my SYS. 😃
Read the "The Dos and Don’ts" here if you're not aware of my rules.
Its looking good for a flight to the moon, especially on the MACD, getting ready to go up!
Go down to zero, i love people that have those predictions, "BITCOIN WILL GO DOWN TO 0!" in 10 years those guys will be laughed at like the people who said the internet was useless, the people that said horses where better than cars and those who choose the betamax over the VHS :^)
It might happen even sooner than that. 😎
Hopefully :-D
Preach❤🤙
Like you said few weeks ago: If Sys planning to come with masternode concept, this might be a great opportunity to buy then in such lower prices! And it will not be at this low again!
I will probably go for it! Thank you!@cryptographic,
Cheers~
More on their plans here: https://medium.com/@BlockchainFoundry
This chart looks very similar to overall crypto market. I can see right shoulder formation. I would love to see nice long green candle with high volume. MACD is very tight, which could be sign for a bigger move. Even though SYS is below MA’s, the support below is much stronger in my opinion. Overall, it’s still nice breakout of downtrend we had recently. Nice consolidation! I hope this reversed H&S will eventually get confirmed by upside breakout. Whenever that happens Im being patient and accumulating at any dip. We as well can get a failed breakout, which could shake out many weak hands and that’s what the smart guys (big money) are wishing for. They definitely won’t shake me up. I have learned my lesson many times before already and won’t make that mistake anymore. Every penny I invested I can afford to loose. This gives me confidence not to panic. But that’s not going to happen. As you mentioned “the odds are against that,...”.
Subscribing to best practice risk management has made all the difference for me too.
Would love to see a bear trap shakeout to culminate things too! From a technical standpoint more than anything. There's nothing better than a head fake continuation that ends in violent reversal!
Your chart is clearly showing huge support (the green line). This could as well mean SYS may go a bit lower. If that happens and then bounces of this line with high volume, it would be extremely bullish. I will be watching SYS and overall crypto very closely. I’m fully invested right now, but if we get this beautiful buy signal, I would definately be able to get some extra capital to take advantage of it. Bitcoin had a chance to break below 7k, didn’t happen. This could mean it’s consolidating right now and perhaps getting ready for another upside move.
7k is looking good. I suspect that a lot of eyes are fixed on that level.
“It resonates with us when a client says ‘I want to hold Bitcoin'because I think it is an alternate store of value’” Rana Yared, Goldman Sachs executive. Often for new investors it is difficult to keep their eye on the prize. This is where greed and fear often prevent someone from being in the market when larger moves happen.
Well within an hour after posting the article yesterday, bitcoin' was at 7500 or a 5% move from 7114 at the time I hit post. Market sentiment changes on a dime and without warning. Imagine the move that happens, in a short period of time when, Wall Street enters the market with ETF's, ETN's or other products that allow for trading of the main street investor.
Well how do you want to be positioned when wall street comes in? Do you think you are going to catch that spike? Goldman obviously is positioning themselves for entry into the space and these are not "whales", they are megaladons! I believe the initial spike is going to be a major one, and there will be some signals before, but if you are scared, and hesitating, or believing you are going to pick up bitcoin 2.31% at 3k, well GOOD LUCK! Your simply selling into the banks and institutions that are slowly accumulating under your nose.
I couldn't agree more. It's been said before countless times that there's a wall of money coming at crypto - I first wrote about it over 2 years ago around the time when Blythe Masters got seriously interested. The 2016 spring rally was where I first saw what I considered to be "big" money getting involved. Professional involvement kept increasing in line with price last year, and I only see this trend getting stronger and stronger. 2 years ago we were still talking about the need for mass adoption. Today we're seeing it happen. And we've still only just got going!
I love your crystal clear view on the market @cryptographic. What I don't like @smithandy is that you copy blindly and without reference from https://www.tradingview.com/chart/BTCUSD/Vph5X0NS-BTC-Don-t-Miss-the-Forest-for-The-trees/
Thank you for pointing that out. It's much appreciated.
There is no talk about copyrighted content here. I like trading, and I expect proper feedback from Sir about this trading.
Thank you very much for your valuable feedback, so it will help me in front of trading.
From now on, when I do trading and analyzing, these things will definitely help me a lot.
This asset is a great example of a quality project with good potential for positive price action. First, as you state in your technical analysis, it seems as it is very close to a confirmation of the reversal in price action to the positive side. The only factor I would say you should consider is that volumes should be better when breaking the trend. In addition, the fundamentals look good as it actually has a working product. As more companies look to leverage the power of blockchain applications and technology, they will seek projects like Syscoin that have solutions in place for their needs. This will increase adoption and thus the value of the protocol.
No doubt in my mind that the big winners will be those who beside offering a secure and safe storage of value and means of exchange also offer real life solutions that improve our lives. It's like having your cake and eating it too: a store of value that is a thriving business too!
Would many be put off by the thought that it's too good to be true?
They may be put off due to their own ignorance of the technology and how it can be achieved via the blockchain. The transition from managed 3rd party services to decentralized services will take time as it is understood.
No doubt about it. It all comes down to not fully understanding what we've got between our hands. By the time it is fully understood on a wide scale, everything will be fully valued.
Great to see some positivity in this current market! So many people are running for the hills and yelling about Bitcoin going to $2k again.
Been following Syscoin for a while but haven’t pulled the trigger, now might be the time to jump in!
In one year’s time I’m sure this will all be behind us and we’ll be crying about why we didn’t buy more at these prices.
You're probably right on all counts, or at least I think so.
It's weird how similar the charts for most of the crypto's are looking these days. Bitcoin being the leader is no exception.
I actually enjoy the way suddenly all that bitcoin is a bubble talk has disappeared. Wait till the next bull run for the cretins to crawl out from their rocks to start calling crypto a scam.
No matter what I am in for the long haul. Unfortunately I have no money left buy or add a new coin to my portfolio but I guy can enjoy the charts, can't he :-)
I'm with you there on the long haul, and being completely positioned as well.
Man you always reply back :-) ....... really appreciate hearing from you.
I think the idea of crypto might be old news to us, but truthfully we are all early investors and in the end that's going to make all the difference.
If people only looking at the ups and downs on coinmarketcap and decide whether syscoin is great for investment, I guess these are the 'blow wind blow' people where they move whichever direction that the wind blow without doing much research. I am quite sure @cryptographic has taken a good look at their business plan and the use of syscoin to see the potential of it. Buying syscoin as a long term investment because of their good business model rather than buying and selling like short term stock trading for high risk takers.
Yeah, my best advice, if I were giving advice, is to stay away from short term trading unless you're a professional, or just as good as a professional.
I do believe that it is a good project @cryptographic . Since the first time you mentioned it I made a little research and I believe it has great potential. As you know I am a little cautious with coins that their supply is close to 1bil. 13 months back....and its value was 0.01$... I wish I was smart enough then.
It's not the only one of my favorites with high supply. Cardano has a total eventual supply of 45 billion.
First of all, I do believe
I'm just invested in steem at the moment, I'm thinking of expanding to other altcoins.
Syscoin is definitely on my list.
And I've heard a lot of good things about Tron, what do you think?
I know nothing about Tron. The chart could be viewed as bullish long term. What makes it special?
It's got a lot of potential applications
I assume that you know Jack Ma “the man behind Alibaba”. He’s been known to support his former collaborators and/or former students.
Tron’s CEO, Justin Sun, is a former Jack Ma’s student and co-worker. It means that Alibaba’s power could soon support Tron’s efforts.
The fundamentals and a heavy team of quality developers, world-class investors make this project more trustworthy.
What is Syscoin (SYS)? A Beginner’s Guide
Syscoin is “a global network, a distributed ledger, a decentralized database and a blockchain. It is also a cryptocurrency, an altcoin, a digital currency and a tradable token.”
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.
Know more https://www.google.com/amp/s/coincentral.com/syscoin-sys-beginners-guide/amp/
Nice resource. Thanks for posting it.
There is a probability of impermanent retracement to recommended Buy Zone (0.3480 to 0.2439). provided that this is true, we would set requests in light of Daily-Trading-Opportunities and hope to achieve here and now targets.
Beginning of entry zone (0.3480)
Ending of entry zone (0.2439)
Oh how buyers would love to see those levels!
european countries can already buy direct Syscoin with USD. because I come from Indonesia can not buy with USD. I have to use bitcoin in the bittrex market to buy it.
I think syscoin is a good coin for the long term. now the price in the bittrex market is already 4800satosi.
It's crazy how it looks like BTC/USD
Syscoin is a revolutionary cryptocurrency providing businesses the infrastructure to trade goods, assets, digital certificates and data securely. Syscoin supports a wide variety of marketplaces, ranging from the fully decentralized marketplaces to centralized business markets. A cryptocurrency competitor for Amazon and eBay.
Soon they will implement masternodes which will greatly increase their price (They will probably be the 3rd after Dash and PivX)
Syscoin has great potential and will soon implement masternodes. I personally think this will increase their price further.
You can buy SYS on Bittrex; however, they only accept bitcoin and altcoin deposits. So in order to buy SYS on Bittrex, you must buy BTC, ETH, or LTC from other exchanges such as Coinbase, GDAX, or Gemini then transfer your them to Bittrex to buy SYS.
No going down to zero now, it's all about the flight to the moon
We're having a bit of a rough time but this is an opportunity not a setback.
We'll be seeing better days much sooner than we think
@cryptographic - Sir I believe one thing the most... When you share a market predictions, odds are 0 or around zero... I won't follow your market tips for short term trends... I'm using them for long term holdings... Therefore Sir, I'll buy SYS & hold it for a long run... Nice you decided to share these valuable market analysis Sir...
+W+
I think it's just not for only sys coin,but also for all other coin it is applicable.But you have to trust in crypto first only then.In last few month there is a lot of ups and down in the crypto market.So people are just a bit confused about the future of the crypto market,but those who are holding their coins they will be profitable for sure.wouldn’t this be an ideal time to buy Syscoin?I also think so.The way sys coin is going now it seems there will be a bull run in recent future,may be within one or two week,may be it may take more.But i am sure that sys coin will do better.I have engeged all my money in ltc otherwise i would have invested in sys coin.Thank's for your analysis.
For me, Syscoin is the best. I have been following syscoin for some time, it seems to me that it has great potential. I already made little profit with Syscoin in the last spike. I already invested some little money into Syscoin & hoping to made some good profit with it. And also planning to invest again some of money into Syscoin because we all know Syscoin has a bright future.
Dear @Cryptographic, you are 100% right about buying Syscoin. Syscoin is a revolutionary cryptocurrency that not only allows low-cost financial transactions like Bitcoin, but provides businesses the infrastructure to trade goods, assets, digital certificates and data securely.Lightning quick! Last time I tried to use Bitcoin, it took 12 hours to move, this one took 5 seconds!Undervalued on the market (which is a pro if you want to invest it in now). I already invested in Syscoin & holding to it & trying to arrange some money so that i could buy some more.
even though people believe in crypto and its potential there is always doubt in their minds,because no one is sure what will happen
the way bitcoin is consolidating now
it seems it is getting its roots intact
we are up for a ride
keep believing in sys
Syscoin is really ambitious project and it is one of my favourite coin. With the upcoming release of the decentralized web marketplace and as Syscoin products grow their user base, the use of SYS should rise which may lead to an increase in price. It is definitely good time to buy SYS but the overall trend of the market could hinder growth of SYS.
Excactly my thoughts...forget about short term events and focus on the real - long term things, those that will bring the real value. Eventually those who risk will get rewarded and those who don't - get left behind!
Syscoin project is backed by a strong team and they’re continually improving their protocol. As well, its been in the industry since 2014, relatively long for blockchain companies and has a fully functional product. With the release of the web-based version, this may be another step towards crypto mass adoption.
This one is a bummer for me. After taking a look at your post I have been looking for any news that might indicate why this could happen for last half an hour and couldn't find anything.
This might not be biggest news in the market right now but it is pretty relevant. Not sure why nothing is popping in my search.
Syscoin has a great potentiality. It is my feeling that it will long far. And I am interested to invest in Syscoin.
The target of 6900/7000 did not get reached, because it was getting bought at the lows yesterday. In my last update i posted i said that it was clear that bearish momentum was dropping. A few hours before that i showed a bullish wedge that could possibly show a reversal as well, but the price dropped below it, which happens very often but than it should go up quite fast again. That was the whole confusing thing yesterday, it stayed there for so long that i could not give that bullish wedge allot of value anymore. Just to be sure i had lowered my stop to 7320 from my 7550 short position. I just got hit an hour ago, and from the looks of it, we will probably go towards the 8000 again the next few day.
In the chart we can see that bitcoin 2.33% has found support around the support level of that big (blue) triangle. At the moment it is trying to get back into that paralel channel again, something it has tried for several days but each attempt failed which showed how the weak the market was. The past month or 2 we have seen our allot of fake squeezes up and down, whales are doing that to confuse both sides. But i would be very surprised if this rally does not see any follow through. As long as it stays above the 7350 it's almost 90% sure it will happen. A drop to 7250ish should really be the max for a drop, but i don't think we will get that low anymore.
I think based on your prediction, SYS is a profitable investment choice. By the way if I buy Syscoin for 100 dollars today, I will get how many years 2019 based on your charts?
I like to play long term. If you chance please give a little enlightenment. Thanks in advance and great success to you, Sir!
i think today syscoin very interesting project .
Syscoin - this is fork of BTC 2.28% . They use the same technology as bitcoin 2.28% .
They offer near zero financial transactions and they are makretplace which offers business space and infrastructure to trade goods, assets, digital certificates and data securely.
Unlike other cryptocurrencies, Syscoin’s great value is derived from the decentralized services it provides directly on the blockchain. The blockchain powers all Syscoin services. It is a decentralized system of record hosted by a series of “nodes” on the Syscoin network.
It means their coin will be used in varety of bussines which makes the demand pression and as a result we may expect significant price rise of the coin (at least in theory).
They also offer encrypted messaging between participans, alliases to the wallet addresses (great option as wallet addresses are not memorable by humans@cryptographic
I have previously said that investing in crypto is difficult to predict, whereas others are buying when but in this room gap gets a chance to bull, your information is very helpful and reveals the difference in crypto.
Thanks @cryptographic
The target of 6900/7000 did not get reached, because it was getting bought at the lows yesterday. In my last update i posted i said that it was clear that bearish momentum was dropping. A few hours before that i showed a bullish wedge that could possibly show a reversal as well, but the price dropped below it, which happens very often but than it should go up quite fast again. That was the whole confusing thing yesterday, it stayed there for so long that i could not give that bullish wedge allot of value anymore. Just to be sure i had lowered my stop to 7320 from my 7550 short position. I just got hit an hour ago, and from the looks of it, we will probably go towards the 8000 again the next few day.
In the chart we can see that bitcoin 2.43% has found support around the support level of that big (blue) triangle. At the moment it is trying to get back into that paralel channel again, something it has tried for several days but each attempt failed which showed how the weak the market was. The past month or 2 we have seen our allot of fake squeezes up and down, whales are doing that to confuse both sides. But i would be very surprised if this rally does not see any follow through. As long as it stays above the 7350 it's almost 90% sure it will happen. A drop to 7250ish should really be the max for a drop, but i don't think we will get that low anymore.
Mr. @cryptographic,
Sir, you are a cryptocurrency and trading analyzer. I know you are a wise person who can express the right opinion about this.
I am looking at the red line, you can see what i still expect for the coming weeks. I still think this rally will be a temp move and that we eventually start to drop again. I give it 20% chance that we have seen a med term low here exactly on the blue support line of the triangle. It's never that easy in my experience. So i am quite sure that we will drop again, but from which price is the difficult part. As long as we stay below the 8000 i wont change my mind, if it gets above that level than i might. I still don't have a real pattern to give a target for this rally, but i think we should reach the 7700/7800, these levels should form a resistance. So for now my plan will probably be to build up a short position around those levels. But i won't start to build it up when we get there, i will wait patiently until i see some signs of weakness first.
Now something else, i have been working far to much lately and just not getting any rest because of that. I am doing everything myself, answering all the messages and the few people i work with. Until now everything is still for free what i provide here on TV so i don't have the luxury to get some help or support. I am a bit disappointed in myself that i did not spot this small reversal, this is usually what i am good at. Now thinking back on what i saw yesterday the signals were there and similar to others i did spot. Maybe i just missed it, maybe i had it wrong. But what i do know, i have been working none stop lately with average 4/5 hours of sleep. It's clear i need a break, want to say for a week but i know i can't do that. I will start with at least today, it's been 30+ degrees here the past few days and i have been sitting inside all the time.
But next to all of this, taking a break, from at least a certain asset is key to be successful. It's impossible to predict each small wave during the day and when you concentrate to much on 1 asset (i see crypto as 1 asset since they all follow BTC 2.46% ) eventually you loose sight of the bigger picture and objectivity at certain moments. Normally an experienced trader looks at all the markets for opportunities, to search for perfect setups. If it's Gold -0.27% or Oil -1.72% , FX or the stock market, their are always great opportunities to catch. But i know most people here don't find that interesting so the focus is completely on Bitcoin 2.46% . The message of this is, sometimes you can make easy perfect trades a few days in a row on a certain asset, but sometimes you should not even touch it for a while. For example, when Bitcoin 2.46% was going sideways between the 8000/8800
BITTREX:BTCUSDT
'I have expressed some personal opinion about analyzing below, if I have made a mistake, please identify my mistakes so that your future plays an important role in trading'
Based in the daily timeframe Bitcoin 2.30% is not far from the support zone formed by the uptrend line and 7000.00 support level . This zone is good for a trend reversal and and it can be a starting point for a new upward movement to 10000.00 level at least. In order to get signals confirming the trend reversal faster, it's better to search them on lower timeframes. Now let’s look at the 4H timeframe where we can see a bullish divergence . This is a strong trend reversal signal. It tells us that the market is going to start a new sideway or uptrend movement soon. For confirmation the trend reversal we just need to have a breakout above SMA100 and in our case 8000.00 resistance level too. Now we have the uptrend already in the 1H timeframe where the price broke SMA100 and we have higher highs and higher lows. The same pattern we need in the 4H timeframe too.
MACD supports the upward movement. DMI is bullish and confirms trend market conditions. ADX line rises and it tells us that bulls become stronger. We can say that the market has everything for further upward movement from TA point of view. Bitcoin 2.30% starts a new uptrend.
I look forward to your valuable feedback!
#Syscoin charts looking mighty good!! Natural growth will see $SYS above IPO in no time now!! Way to go!!😉
There are so many coins and projects that are showing a similar pattern in price development. I wholeheartedly agree that some of them will spike very hard in a bull run (that I'm expecting pretty soon).
But how to tell which coins will spike the hardest and soonest? It is possible to do that with Technical Analysis, or would it need a deep fundamental understanding of each and every project out there?
TLDR: Why are you so bullish on SYS specifically?
See below, this is a different coin, same pattern...
ideal time to buy and hold some of these coins perfect time don't come twice :D
Mindblowing post sharing bro
Investing in this moment isn't it risky for those who are new to the market or minnow investor?
In crypto market since there is no central control agency, there is no place for remedy or justification in these cases.
The only future can be seen in the direction of the crypto. Sitting at the moment, trying to determine it is just like the realization of the reality of e-mail in the era of horses.
i love people that have those predictions, "BITCOIN WILL GO DOWN TO 0!" in 10 years those guys will be laughed at like the people who said the internet was useless, the people that said horses where better than cars and those who choose the betamax over