Crypto_Ed

$SYS syscoin looks promising a bit lower

Long
BITTREX:SYSBTC   SysCoin / Bitcoin
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36
Syscoin retraced a lot recently and bounced from the blue box and shows strength and might be one of altcoins which go up no matter what btc is doing.
It just broke out of the downtrend and currently correcting this with growing volume .
I'm expecting some more downside and maybe a retetst of the trendline where I will decide to buy or not.

Syscoin has some good developments coming, also masternodes coming in November which all might lead to a nice move up towards previous high.

Trading advise: wait for completion of current, looks like its forming an ABC correction. If it gets towards trendline, try to buy when it shows strong bullish priceaction
Comment: Trade active from 3.2k sat, looks very promising
Comment: A bit deeper retrace as expected but nice chance to add more to my position. Perfect bounce after hitting the blue box,l followed by a breakout. Looks very promising to me!

Comments

Looks like you might get your entry at your target, thanks to BTC afterall. I mean first target 2600-2800. =) Any update?
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Crypto_Ed kamidela
@kamidela, as long as BTC bulls are going bananas it makes no sense to do any prediction for alts.
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Thanks Ed.. I'm in
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Yo Ed! Have you looked at AirSwap (AST) yet? Also, what're your thoughts on the movement of XRP? I think it will find a huge base at .235
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Thank you for info.
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Crypto_Ed Darakaye2
@Darakaye2, LOL....noticed only now. *insert ashamed smiley" ;-)
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thank you for the analysis!
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Do you ever consider the fundamental perspectives of SYSBTC?
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thanks for the heads up.
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