SIACOIN - Time to keep an eye out? Siacoin is holding at its price nicely in the market, it may be time for entry, however, watch out for a correction back to the support line before another increase. Trade the lines accordingly.
SC
Bottoms Up! (SC/BTC)This is my idea for a long to mid term accumulate and hold. I try not to fall in love with Altcoins and their block chain solutions to made up problems, but SC seems to have a real world use case (decentralized encrypted storage). I would keep an eye on this zone as the year progresses. It doesn't look like it will go much lower than this, but keep your eyes out for buys around the 120 sats mark. Right now it looks a bit oversold based on the Stoch RSI. If you can afford to hold for a month or two it could be a nice profit. All assuming bitcoin and alts manage to not shit the bed... or assuming file coin doesn't come online and eat SC's lunch (something to watch). DYOR and let me know what you think. Thanks!
Time to buy Siacoin 73% profitMany altcoin are in the process of correction. I think siacoin will not go much lower than the red line. But if he breaks the red line, just satoshi to save us. let's go up.
First Going up after break that down trend there is a first target is 217
it was stong support line , now its resistant line , we can take it a first target
The 3rd Time is a Charm for SCBTCOf all the altcoins/blockchain projects out there, it seems that few are solving a real use case beyond creating a new digital money. Sia seems to have found a real use case for blockchain tech using it as an incentivized encrypted cloud storage system.
Looking at the chart, there seems to be a couple patterns that develop just prior to big price moves. The green square is usually an initial sharp pump in price, followed by the blue square with more of a gradual rise and fall like a hill. It looks as though this could be forming again. The idea looks like it will need another month or so before the blue square pattern is confirmed, but if it is, the third wave should be imminent. In the mean time, it looks like a good accumulation zone is between 175 and 135 sats based on historic resistance/support. Put comments and criticisms in below and DYOR as always.
Thanks!
Siacoin thoughtsSo sia has been going sideways for a little bit now and for me it's looking like a nice area to buy into.
Checking out their trello (found on their website) they're expecting to release an overhauled UI this month, as well as a generally improved user experience however I don't know how much of that feature is due to the planned change in UI since the card has no extra info aside from "UX improvements to allowance" which sounds like it will be on the UI front.
I was never very bullish on this project since I'm finding it hard to justify the use of tokens in a storage company but I've not read the whitepaper in a long while so I'll have another look at it. Also with a supply of 30b it's really hard to see this as growing as much as some people hope (I've read some people hoping for $1 lol).
Anyway the weekly stoch RSI has been at oversold for a while now, and the daily is similarly sitting at a really low level.
TD sequential is at a -9 weekly, and -8 daily, so I'm going to check tomorrow if that's confirmed to hit a -9 which will be my main buy signal.
Daily BB has also started to squeeze nicely due to the lack of volatility recently.
I'm not super confident in that triangle pattern I drew but it will be interesting to see if it is filled out.
In general I think SC has returned from its overvalued state back to a reasonable level so I'll be looking to place some buy orders in soon.
edit: the stop loss was found from a gann fan
The Relationship Between Sia and ReleasesSo this chart is a little bit different to my past charts. A friend of mine was saying the other day that often you want to sell the hype of a release because there is build up and after it actually releases there is often a dump. I applied this idea to the past three releases of SIA. As we can see the past two align with this theory very well (I believe the first one didn't function the same because SC was still establishing itself). The hype around the build up to the next release increased bu almost immediately after there was a dump.
I believe that we will see some serious action in SC before the estimated November release date.
In the shorter term, SC is still trying to breakout of a descending triangle. There have been a few delayed launches due to the craziness in BTC. But this won't last forever. SC is in heavy accumulation in the blue section of the pitchfork. Stoch shows potential for upside but RSI needs to improve. The clear indicator for me of upwards movement though will be a close above the trigger line.
Good luck and happy trading. PM me for entries or targets.
SCBTC horizontal trendSCBTC has horizontal trend between 0.00000200 and 0.00000156. You can trade between these ranges. If it can break 0.00000200 with volume we will see good targets. But for now horizontal trend.
SCBTC horizontal trendSCBTC is moving horizontal trend between 0.00000156 and 0.00000200. You can trade between these ranges. And watch to 0.00000200 if it will break with volume. SC will go good points.
Waiting patiently for Siacoin Couldn't think of a meme title for this chart, all you need to know that its a long term hold
$SCBTC chart with 3 target TP Just sharing my idea of SCBTC chart with targets supports and trendlines, timeframe 1D.
SC/BTC.Impulse - correction to 0.886 Fibo lvl - continue rising
price is near bottom, use 0.618 Fibo lvl as target
SC Trend Reversal - Supports/ResistancesSC Possible found the bottom and consolidated for some time, now it has reversed with a good spike in volume. If it breakout from the two local resistances I see it going to half way to ATH.
SC Rocket Leaving SoonSC has established a possible long term bottom around 150-160 sats -0.19% . It has now just broken out of a descending triangle and is looking good to rocket soon. The big trigger is around 191 sats -0.19% . Once we pass that with some volume we are going up, up, up. RSI is super strong, Stoch suggests some downside before spike, but as we saw in Monero, Stoch is not always to be trusted short term. When the 4hr candle closes above 191 and the Chikou span crosses from below it will be confirmation of upside. At that point strap yourselves in.
SC - Buying zone?SC is currently at a retracement stage. It seems to hold on 0.883 line. (retracement from Elliott wave)
It might not break out right now but this seems to be a good buying zone.
Consolidation could be on.
Let's see what happens
Siacoin Lite wallet release5 days for the lite wallet release, this is an important step for SiaCoin. The fundamental is good, the price is cheap. Countdown wallet.luxor.tech
