Syscoin (SYS/BTC) Update: What Could be a Probable Pathway to All Time New Highs?
SUMMARY
SYScoin (SYS/BTC) had completed the Cup & Handle pattern as the hand coincided with waves 1 and 2 (blue). Following the completion of wave 5, the abc (red) requisite correction was placed with a potential start of a reversal impulse. While there are multiple Elliott Wave labelings that are correctly probable, I've decided to use the abc corrective pattern for simplicity. Whenever you get two Ellioticians in a room, there will always be conflict regarding which label and types are best...it's unavoidable.
The 4 hour chart shows more detailed scope. Quite often, constant use of high resolution degrees of trend can trap an Analyst into myopia and miss the bigger picture scope, it does provide best view of subwaves to best validate next step probabilities. IF the abc is complete, then the likely Elliott Waves will be an impulse upwards of five as shown by the white subwaves. Could an all time hig be possible on this round of leg up? I believe multiple Altcoins could hit all time new highs; IF Bitcoin continues towards the $9k or so next target.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Thank you sensei
yaaaay! I just looked BTC and it break what I thought it could be a SHS, so I'm most confident on it, since all the FUD have disapeared a few days from today, and more and more good news aproach. So yes, I'm hiper bullish on BTC, wich would mean a probable uptrend to every (or almost every) alt :)
No doubt Syscoin is going to the moon and stay there for good.
Very unique calculation.Now expecting some good news,i hope there will be no big disaster now.May be some little ups and down.Thank's for such positive post.@upvoted and resteemed
Great post, interesting and well explained. Thanks for sharing.
Well ! I'm looking forward to more of your quality content.Please check out my recent post on my blog.
writing interesting and enlightening, thanks mr @haejin occasionally please upvote me .. :-)
Thanks @haejin for this post. I haven't heard of this alt before but might be worth it to follow your posts about it:)