SC/BTC where's a good entry point.
SiaCoin reached over 94.10% correction (68 satoshi), which is a very deep one. After that it reached a high of 113 satoshi.
It also has a nice support trendline below that 94.10 line, so SC can bounce up and down for quite some time.
I would wait for it to be oversold again (RSI below 30), set buy-in at 94.10 or at that trendline (which would be even better), and wait for quick $.
Be carefull though, as we're still in bearish market so both lines can be crossed if BTC will fall too much. So Stop-Loss is a must.
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DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst. The contents posted by me are for informational and entertainment purposes only. Don't follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.
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It also has a nice support trendline below that 94.10 line, so SC can bounce up and down for quite some time.
I would wait for it to be oversold again (RSI below 30), set buy-in at 94.10 or at that trendline (which would be even better), and wait for quick $.
Be carefull though, as we're still in bearish market so both lines can be crossed if BTC will fall too much. So Stop-Loss is a must.
-----------------
DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst. The contents posted by me are for informational and entertainment purposes only. Don't follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.
If you like my charts, follow me on Twitter or Steemit.
Disclaimer
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