Siacoin BTC Ratio Reversal (Long Term)
An interesting take on the Siacoin SC/BTC ratio and fractals:
Siacoin is fundamentally a good project with a talented dev team and one of the few coins I like with a use case other than a currency (decentralized cloud storage).
Technicals
SC/BTC Targets
*Target 1: +-0.00000180
*Target 2: +-0.00000330
*Target 3: +-0.00000470
*Target 4: +-0.00000828
Siacoin is fundamentally a good project with a talented dev team and one of the few coins I like with a use case other than a currency (decentralized cloud storage).
Technicals
- Yearly BBands on the daily have tightened to the point that volatility on long time frame is low. BBands opening signals the start of ratio increasing.
- MACD on the weekly shows bullish diverg SC/BTCence and that a reversal is imminent
- SCBTC fast approaching 4/1 Gann Fan Level
- Weekly EMAs are quickly converging signaling future bullish momentum
- Repeating fractal patterns from previous cycles show that the SCBTC ratio has the potential to increase in a parabolic fashion
- Siacoin has historically rallied up towards June (refer to previous 2 cycles)
SC/BTC Targets
*Target 1: +-0.00000180
*Target 2: +-0.00000330
*Target 3: +-0.00000470
*Target 4: +-0.00000828
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.
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.