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SCBTC

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.
Long
by Brisben
4
Last chance for SC to recoverAs most of you know, I love SC. I think the product is solid and I think it has a great future. But we cannot make big investments based of emotions and feelings, there has to be a large amount of logic and analysis. Right now supporters of SC need to overlook appreciation for the product and look hard at the trends. We are at a very critical juncture right now because if SC falls below the 23% fib line I think it will continue to fall and it could be a very long and cold winter for bagholders. But there is some hope. The stoch is oversold and the RSI is hinting at some upside. But it's going to take a lot to break this nightmarish downtrend. Good luck people, and be smart.
by Brisben
9
SCBTC - long term predictionSC is definitely on an uptrend, here is my prediction on the long term. Given the heavy resistance that SC has ahead it will most likely bounce back and forth. If you are looking for a certain value in order pull your profits check the timeline of the prediction. If you are in for a long shot here are some other information regarding SC. SC is associated to cloud storage that is in direct competition with Amazon. Given that the price of SIA service is 10 times less than Amazon, we could look at SC to easily go up at least another 300-500% before beginning to become a problem in regard of pricing for the service. SIA service was initially developed at a hackathon in MIT and was regarded and still is THE NEXT BIG THING. So, whatever the kind of player you might be, think twice when you decide to collect your profit or to limit loss, because on the long run SC might be that thing that everybody would have wished to be in now. Best of luck and decide for yourself, all information presented here has its sole purpose to propose a course of action with the information available at present time.
Long
by alexgrama
5
Long SC/BTC PositionGood opportunity to enter a long position on Siacoin. Currently sitting around the 0.618 Fib level, and has just recently bounced off major support nicely. It also just broke major resistance and has closed above twice. It has also just recently formed a bit of a double bottom, which along with possible divergence, can make for a great bounce. I will enter once it closes above the 0.618 Fib level on the 1hr graph, recent double bottom suggests that should be in the next few hours. Entry: Once 1hr chart closes over 0.618 Fib level Stop/Loss: 0.0000026 (This is around the recent low, and if it hits will be one of the lowest price since May/June) Profit Point: Will plan to exit at around the 0.00001 mark Will trail the stop so that after every 2 Fib levels, the S/L goes up 1 Fib level Resistance areas: 0.00000404 0.00000485 0.00000586 0.00000750 Basically all previous Fib levels at this stage I see as potential resistance areas, price has bounced/retraced off these areas in some way in the past
Long
by blakeren