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SCBTC

Siacoin Long Term TradeThe price diverges with RSI at the support zone. It's the 1st signal which tells us about a possible trend reversal. We can expect that the market will bounce from the support zone and start a new uptrend. For investing and long term trading, we can use the daily chart for searching entry levels. The 1st buy order should be placed above the local high at 0.00000140 level. When the market passes throguh the cloud, it will be a confirmation of trend reversal and a new buy signal. Pending order will be placed above the high of the signal candle. Stop orders must be placed below the support zone at 0.00000090 level. Profit targets are 0.00000500 and 0.00000750 levels.
Long
by DLavrov
17
SCBTC Heading Towards Decision TimeSiacoin has started an uptrend in the very short-term, and we're looking to see how high it will go. Soon (~5:00 G.M.T.), we will be at a decision point where the local uptrend meets the long-term downtrend. Last night, we saw a bounce off of the top of the long-term downtrend channel, which was not totally unexpected, but tells us to watch upcoming price action carefully to confirm whether or not we are actually witnessing trend reversal. At the upcoming "decision point," if SC breaks through the top of the downtrend channel, we should see some nice additional positive growth and continuation of the local uptrend. However, if we see another bounce off the top of the downtrend channel, it could rejoin the downtrend and cease this short-term growth. The positive money flow over the past 24-36 hours has been encouraging, though it has tapered down slightly. Oversold RSI also adds to the promise. If the uptrend does continue, next target is the 0.00000150 resistance level. TL;DR - In the next ~12 hours, we should have a fairly decent idea of what SCBTC is going to do in the short-term. Cheers!
by rockmancuso
2
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!
Long
by Brodie_MT
6
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!
Long
by Brodie_MT
2
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.
Long
by Brisben
3
Siacoin Double BottomThe market gives us a new buy opportunity. Let's look at the 1H chart of Siacoin. We can see that the price bounced from the support zone formed by the main uptrend line and 0.00000157 support level. The double bottom chart pattern gives us a trend reversal signal. Also a bullish divergence, formed by the price and RSI, confirms that the market is going to move upward. We should be ready to catch this possible price movement. Pending orders for buy must be placed above the local swing high at 0.00000173 level. Stop orders must be below the support zone at 0.00000155 level. The main profit target should be at 0.00000190 level and other part of trading volume can be closed at 0.00000215 level. If the market drops below the uptrend line, the buy orders must be deleted.
Long
by DLavrov
23
SCBTC Poloniex 03Sep2017 upward trend + flag pattern potentiallySia has an upward trend after bottom lows. The project has good fundamental potentials either. While moving upwards there may be a flag pattern developing as highlighted in the chart - if so I am planning to sell 30% of my deposit at around 247 level and buy back at around 208 level. Further up resistance are at 337 and 424 levels - these can be either set as targets and/or for sell/buy-back movement. At these resistance levels new patterns may need to be assessed for further movements.
Long
by drgorogbalazs
1