SCBTC
SCBTC POLONIEX08.05.2017 will most likely see SC back on its uptrend.
Confirmation of date provided by convergence of EMA50 and MA100 and UPTREND / DOWNTREND lines convergence.
Support is provided by previous lines of support (0.00000262 and 0.00000285) and by EMA200 that confirmed support on 07.11.2017 and 07.28.2017 depicted by grey area.
Siacoin Double BottomIf we look at the daily chart of Siacoin, we can see that the market is at the support zone. Bullish divergence and double bottom chart pattern give us a trend reversal signal. It means that we have to be ready to open long trades based on breakout signals. If price bounces from the support zone and breaks the downtrend line, it will be confirmation for further upward movement. We'll be able to open long trades with stop orders below the support zone. The next confirmation for the upward movement will be a breakout above the previous swing high. If price can break this level, we'll have a new buy signal and confirmation for the up trend. We'll be able to add some volume to the previous long positions. Profit targets for long trades should be at resistance levels. If the market breaks the support zone, we'll see downward movement to the support level and new trading opportunity.
SCBTC quite opportunity with low risk We witnessed double Bottom formation two weeks ago. It seems like the pair formed triple bottom now with big bullish candlestick on 4h chart. I think it is good time to enter the market with low risk and quite high potential profit. Market is different from what we have seen few months ago. Be aware that it is possible that the pair will go lower.
I would set up TP area close the the next GAP on 4H which was respected while ago.
SC Guns BlazingExpect price to breakout soon. I think it will bounce off the 62% fib and then come back to retest support, and then after that i'd expect it to go up pretty fast.
on the fundamental side, the team just released a bunch of bounties to improve development (seems good to me) so as long as everything goes as planned, we will be profitable.
What do u guys think?
Like a Phoenix Rising From The Ashes: The Return of SCThe downtrend has finally broken. Bottom established around 265 sats. Beginning to rebuild. We are at a critical juncture now as SC tries to break out of this triangle. Heavy resistance and overbought RSI show that there will be dips before more upside. With any luck we will be on the way to 400+ again within the next week.
The Winter is Cold and Long: The Rise and Fall of SiacoinThis past week or so has sure taught me a few harsh lessons. Due to the instability in BTC it is so hard to predict anything right now. But for what its worth here is what might happen with SC if the downtrend continues.
I still believe in SC, but the winter may be long and very cold.
SiaCoin looking SO Bullish! Buy! Buy! Buy!After touching its high point of 857 satos in June, SC has been in down trend but that is about to change. Within a falling wegde and absolutely huge bullish divergence! Yellow is buy zone (470-515), green is the target points (TP1 580 TP2 619 TP3 670+) and red stop loss (450-425). Good luck!