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SCBTC

Siacoin VS Bitcoin Approaching Support AreaSiacion has reached the high, hitting 330 satoshis, after wich a corrective wave down begun. Currently SC/BTC is trading at 230 satoshis, which already has resulted in a 30% loss against the Bitcoin. At the same time Siacoin is approaching a strong support area between 180 and 200 satoshis, not to mention the 200 Moving Average, that also could act as the support. While Siacoin getting lower and lower the price is getting more and more attractive for the long term investors and at some point the next wave up could begin. It is important to watch the support area and/or perhaps the bounce off he 8/1 Gann Fann trendline or the MA. While price is above the 180 satoshis the probability of the uptrend continuation remains high and current wave down should be considered as only a correction. The nearest upside target is seen at 927.2% Fibonacci retracement level applied to the corrective wave down after the downtrend trendline breakout. This is 500 satoshis area, and if reached SC/BTC is likely to form a double top. On a downside, break and close below the 180 satoshis could result in double bottom formation sending price down to 100 satoshis area.
Long
by CryptoPAMM
4
SCBTC In leg 2 of 5 in a major elliot wave?Please do not take these charts as advice - I am just learning and using the publish feature to store my charts to see how I can improve. We need to break out of these triangles to begin wave 1 of leg 3 for the Elliot wave theory to stay in tact Got a good elliot count Price last made a new higher high but RSI shows a lower low showing hidden bullish divergence We are at the end of wave 2 which means up from here Histogram upticking MACD crossing over I am a beginner with these things so please don't take my advice as this will more than likely be nothing like what is going to happen :) Good luck trading
Long
by StoneyStark
1
SCBTC (SiaCoin) - Big Potential ProfitsHello Cryptonians, SCBTC is being consolidated into a big wide flag, and we are eyeing a breakout here to the upside. SC is a really strong coin people, and I will always recommend to buy this coin and hold it for long. This can give you some good gain without any pain :P All the indicators are looking pretty strong, and I have also marked some near term resistance in red to the top. Lets wait for a breakout here, and if you want to buy here without a breakout, you can do so, but just have a lot of patience with this one. It will surely give you great profits. If we break the bottom support of the flag, we may go down a bit, but I do not see that happening here unless BTC dips or rises significantly. So, lets hold onto this one together. Make your entries smartly people. You can join our group/channel below to have great discussions with our community members where we learn and earn. Learning is important, signals are less important. Bring it on! Happy Trading!
Long
by MoneyChartz
Siacoin is looking for Another Breakout in Bullish Flag Pattern.Hey, I am back with another Technical Analysis , this time looking at Siacoin. I was looking at Siacoin a few times from now. Her movements always seemed clear to me as in every chart on Siacoin I was right , check related Ides if you dont believe me. For Second I really like Siacoin! Their Project seems really great! Cheap crypto online cloud storage . Okay, that was Siacoin In short, lets move on to the chart. Mkay, on the chart you can there is a flag pattern that has occured and I also managed to find some strong demand/support zone at which we have already bounced off, but still if Bitcoin will see some more downside, it can fall to this level shortly, but I dont see Bitcoin falling right now. Taking look at the Indicators. MACD - Clear and long buy signal, more buyers coming. RSI - Broke both levels and has found support at both ressistances which is just perfect. I never thought even RSI has its own support and ressitance but now its clear to me that it does, funny isnt it? So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my discord channel! Hope I made your view on whats going on with Siacoin somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update!
by TiborVrbovsky
4
SiaCoin 700% Profit Long TermLets get right into this, Siacoin broke out of a very long term bear trend after bouncing off the 886 fib, its currently attempting to break through the 786, if it does then I'll have recieved confirmation for a bull run, and I'll be creating a position. If it continues to reject the 786 fib and returns to the 886 then wait for confirmation that it holds if not, it'll retrace another 100 sat ( This is a very unlikely scenarioi). We had a bullish crossover at the macd and the daily rsi was heavily oversold. History shows us that SiaCoin is a sleeping giant for the most part, it moves upwards steadily but surely, it hates being oversold or overbought, which brings us to the bounce at the 786 fib level, its likely we'll see siacoin flag for about a week here before continuing up. No upcoming news to effect SiaCoin (unless unexpected announcement with major company) Entry Prices: 120 - 140(if rejected at 786 and supported at 886) 180-220 (If Breakout) Alert Levels: 180 ~ 786 200 ~ Daily 50MA 170 ~ 4HR 200Ma Targets: 180 - Reached 250 280 360 430 520 700
Long
by DerosneC
1
Siacoins successful cup & handle break is back for a sequel Siacoin is one of the select few alts whose cup and handle pattern has already successfully triggered without being a fakeout. It may not have reached the full projected breakout target yet but that's because on the way there it started forming another cup and handle around the smaller cup and handle. This is much like a cup and handle fakeout can do at first..however siacoin was not a fakeout as you can see by the large surge of bull volume right when it broke the original neckline. Siacoin is already showing you its plans for a sequel before it's original blockbuster has even left the theatres. Keep an eye on siacoin because it looks like it may be done forming its bigger cups handle...there is increased likihood that this bigger cup might not trigger since it already had one succesful cup but worth paying attention to none the less because double cup and handles can exist both in this fashion when it's a c&h inside a bigger c&h or when the cup of a smaller cup and handle is the handle of the bigger cup.
Long
by DrDovetail
SIA COIN (SC) - BTC (BITCOIN) (The "Failure" ??) / Hold or Sell?RULES: 1. always take full responsibility for the results yourself; 2. spread the risks, because spreading is making happy; 3. develop an investment method that is SMART; 4. develop its own vision on the functioning of the financial markets; Well Siacoin has done good job for the investors from 7 december 2017 (.00000043 satoshi) until 20 january 2018 (.00000477 satoshi). U could make a profit of 1100% within one month! I am looking for which wave is going on know for the Sia Coin.. I think i have found strong points that says that it is in wave 5 and will make an failure....?? What means "failure"? Elliot used the word "Failure" to describe a situation in which the fifth wave does not move beyond the end of the third. For the long term i used the weekly chart. If wave 5 will be a "failure" then there there will be a correction... But what if it not will be a failure?? Than wave 5 will be completed... Afther that?? There will be also an correction.. In short term there will be a correction?? So for my the question is where to sell? (i want to sell before there is a correction..) Normally wave 4 may not be shorter than 50% of wave, except when there is a diagonal move then wave 4 can reach 0.618 of wave 3 (Golden ratio??!!) When i zoomed in, i saw this picture.. So this made my prognose stronger that we are in wave 5 now... Will wave 5 be a "failure"?? If so than it means that i have to step out, but where?? I think .418 satoshi is a good point for me to step out.. Sorry for my bad English.. Feel free to leave youre comment/analyse about youre opnion on Sia Coin... Will u Hold or Sell? One generation passeth away, another generation cometh, but the earth abideth forever. The sun also ariseth, and the sun goeth down, and hasteth to his place where he arose. The wind goeth toward the south, and turneth about unto the north; it whirleth about contunually, and the wind returneth again according to his circuits. All the rivers run into the sea; yet the sea is not full; unto the flow from whence the rivers come, thither they return again... The thing that hat been, it is that which shall be; and that which is done is that which shall done; and there is no new thing under the sun.. Source: Elliot Wave Principle, Key to Market Behavior.
Short
by NLTR_crypto
4