SIA-COIN (SC) long term hold Retirement coin! ------ContinuationSiacoin has reached good growth but i believe has huge potential to cointinue growth once the markets does more research on it being the best storage coin market cap wise . Plus the great tech siacoin offers huge top 10 companies in the world today currently. Ived added a new support line and remember if the market crosses a new soft resistance to make that the new soft support and scale down vice versa. Markets follow trends and Siacoin is following its trend nicely. KEEP IN MIND ___ BTC could surge any day now and if it does surge 3 to 5k in 1 to 3 day Time period which is about 15 to 30 percent growth at its current price . Siacoin and mainly all alts would lose considerable value because btc value will go down unless the coin matchs BTC growth. IF both are growing its kind of a win win. Any comments or opinions or questions are much appreciated i love to talk about this coin!
SCBTC
Siacoin vs Bitcoin: looking goodJust checking how well Siacoin is holding up. It looks like its cutting its own path and holding well in its up channel for now. I'll keep holding. There seems to be very good support, again for now. Keep an eye out when it reaches bottom of channel. Here Siacoin must retest and not drop.
Siacoin - 2 monthsHi all, thanks for clicking..
Siacoin is off with a good start! It made his way up from 0.00000050 to 0.00000297 on bittrex. Eventhough bittrex has problems with deposits and withdrawels it goes up:) Volume is good and hardfork is coming!
Add to this all a cup nd Handle.... and off we go! I dont expect growth like my XLM pattern from december 3rd (which was really close:)) But SiaCoin is a nice coin to hold for the next months.
SCBTC: Poloniex LongSiacoin is still investible, and will have a similar correlation to what it is having on Bittrex on the Poloniex exchange as well. This ofcourse, is likely up the six sigma accuracy. The potential for a long holding throughout this year seems almost inevitable for sustainable return, although it still has a medium risk. I personally though see some much bigger breakout potentials given the fact that their technology is fairly underrated. It is only a matter of time when they will start having more recognition or market acceptance for what they are doing with the cloud.
SC - possible explosionSiacoin has been consolidating in an ascending triangle for the past few weeks. There is clear resistance around 235 sats that has been around for many of the local highs. Support has been moving upwards, indicating that the coin will probably break upwards. Bollinger bands are getting very tight on the 4H as well as MACD becoming ready for a bullish crossover. I am buying SC while it is along support lines, around 217-225 sats and setting a stop loss around 205 sats. I have no targets yet, I am just going to ride the breakout and see where I can take profits - setting 'take profits' along the way.
SCBTC / Symmetrical Triangle How To TradeTechnical Analysis
Symmetrical Triangle
Siacoin is in a symmetrical triangle very close to the apex (meeting of up trending and downtrending line) and should break out soon. The closer to apex, the closer to breakout.
2 Lower highs and 2 higher lows confirms this triangle is valid. Volume contraction / reduction also validates Symmetrical Triangle pattern.
This is generally a continuation pattern, meaning if it entered the symmetrical triangle from a bullish run, it should continue, bullish. the symmetrical triangle is sometimes a reversal pattern, meaning we should wait for a valid breakout of the upside before we buy in. To enter this safely we want to see at least 5% move upward (235-240 Satoshi) as well as some buy volume kicking in, showing interest. We can also wait for accelerated movements upward (large green candles) and bullish gaps.
Often, the level of the Apex turns into support and can test / bounce on it around breakout before resuming to target.
Symmetrical Triangle target is generally the widest distance of symmetrical triangle.
Many sources state that 75% of symmetrical triangles are continuation patterns.
We’re buying in on a 5% movement upwards and re-buying and adding some in this trade on the test / bounce of the apex.
Trade Information
Fundamental Analysis
Hard Fork January 31 2018
Project
I am bullish on Siacoin as I believe it is a great project, and is in my core holdings for 2018. Siacoin is a “decentralized cloud storage” that is completely private and encrypts files on a decentralized network. It is affordable as 1TB cost about $2 a month. It is open source and the devs are transparent, and many people are allowed to contribute. The community has been building applications on top of Sia’s API. Siacoin also has a decentralized storage marketplace, that allows people to “rent” and sell digital files, document and similar. Sia leverages the capacity of blockchain technology to enable distributed networks to reach consensus in a secure and trustless way. Cryptographically secured smart contracts ensure the encryption and transfer of data with no possibility for a third party to interfere in any way.
Sia Coin (SC) + 640% target $0.155 after long term C&HBitcoin did this for me when I predicted a Cup and Handle formation over the 4 year period from the ATH of $1100. Once we reached it, we went the full depth upward ($1000) and we have not slowed down in the past year.
I'll say this is a large C&H forming for Sia Coin (SC) and my target is 640% for completion at $0.155.
SC/BTC PLNXSiacoin broke the sideways.
As said in last telegram signal of this coin, it should start another wave.
Both 1w and 1d Stoch RSI look good and also Heikin Ashi produced 3 green candles for daily.
Targets are old support and resistance zones.
Also, with the upcoming fork that will happen around 6 Dec can drive us in the first target area quicker than we may think.
I forecast that after first zone is touched, we will retrace above Ichimoku cloud or even touch the cloud.
SC/BTCIchimoku:
We broke the daily cloud and we are retesting it.
We didn't touch the 4h cloud but we are heading in 2h cloud. Also, we are under hourly cloud but it seems that we have a chance to break it in a day or two.
MACD:
Daily looks good, on 2h it seems it tries to reverse and on 1h it is still above.
Stoch RSI:
All except daily look good
Elliot Wave:
It seems that we are at step 4 at current wave withing a wave. It really seems that all this move can be the first set of a larger wave.
Candlestick:
Atleast for now, we have only 2 red Heikin Ashi candles on daily.
First target is at 1.272 fib as it perfectly matches the last wave (wave 3 length). But personally I think it can go alot higher even that we might encounter some resistance there. It is an old support and resistance area.
All targets match fib levels but also old support and resistance areas.