Updated

Swing Strategy: Siacoin

Due to BTC tanking, the altcoin market will tank. But due to Bitmain ASIC mining interest in Siacoin, price will "moon" in coming months. e.g. Decred, Dash. This is ripple 2.0.

Note

Looks like instead of BTC tanking, it will continue its bull run, but at the cost of alt selloff since buyer sentiment has been damaged since 12/2016

Note

BTC is killing alts for its run up.

Note

The uncertainty of BTC's direction may negatively impact SC's future prospects. BTC is the lynchpin. If BTC dies, SC dies.

Note

As a SC trader, you are looking for the BTC correction to rebuy. If the correction turns out to be a drop to <2000 then do not consider buying. The market will be dead by then.

Note

BTC is going to follow the NASDAQ Pattern (2013). BTC has bottomed and will go into another bull run, so SC will exceed even the predictions of this chart. It is time to start layering in buy orders. BTC Market makers are quite cunning in that they managed to keep this market afloat with the decreasing volume and the culling from 20k. Eventually this will have to end, but this bull run will go on for several months into late 2018.

Note

Goldman Sachs has taken over Poloniex so be aware of manipulation.

Trade closed manually

wdtsao

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

wdtsao