SCBTC
SCBTC keep lowering SCBTC leave a gap yesterday to wait & check whether it is possible to make new high but it failed
Therefore today SCBTC is going down as well
its going to 1st target at tp1
lets wait and check whether technical is correct
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SCBTC just hit resistance lineSCBTC just make a huge break up and now it stuck with 2H resistance line
It will slowly (slow) move down to test higher low
you guys can sell near that point I recommend to sell
That will be a good risk and reward point
Trade with care
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SCBTC is testing resistance todayI saw that SCBTC is starting to move up and willing to go up to test resistance line
now I think it is possible to BUY
but need to keep checking I don't think It will go up too far
since in 3H Time frame I go down to make lower low
Enjoy trading
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SCBTC Short now - low risk of lossI just see opportunity to short sell in SCBTC
it will go down to test support line for sure
and it will go down today to the TP I set
not sure whether it will break the low line or not but at least this trade not that risk to sell SCBTC
Trade with care
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SCBTC - Don't buy until it finds supportSC looking for support around 0.00000289 BTC. I wouldn't bother buying it yet until we see more progressive movement. Look for it to flatten out as I pointed out with the arrow and stay above the .289 fib. If it decides to drop, I'm thinking 0.00000209 BTC will become the next support.
Until you see solid support don't buy.
SCBTC - Stable?Siacoin has seen some big gains. As of now I don't see going up further just yet. We're looking at the 0.382 fib being key because if it stays above that line then it can provide support. However if it falls, it could potentially reach .618 or .786.
I don't suggest buying, selling or shorting just yet. As of now, we're looking for support.
SCBTC - Entry PointsSiacoin has had some substantial growth the past few days. This chart shows some entry points as to when might be a good time to buy.
I've showed the entry points with a green arrow. Wait until the candles hit 0.5 fib and bounce back. If it does, then it would be a good idea to buy some here. However, I'm thinking it can dip below that and hit the 0.618 fib. So if it going below 0.5, wait until it gets to 0.618 for entry.
What we're looking for here is for the MA to flatten and MACD getting ready to cross. If the candles dip below the BB, then chances are it'll bounce back up to the MA and if the MA hasn't flattened, then there's a good chance the candles will continue to dip.
Siacoin SCBTC - Cup & Handle and Speculative Future TargetsTo me, Sia still seems way undervalued & ignored based on its potential - and it looks like it's forming a large Cup & Handle. Target is on the chart.
And just for future reference I put some extra speculative targets, not based on anything except some trendlines I found and the fibonacci levels. Not recommending trades based off of those - but if it does shoot up those might be points to watch for if you're thinking of taking profit on the way up.
My only real trade recommendation for this is to BUY & HOLD :)
Normally I'd say wait for a breakout, but I think in the long term this is a no-brainer. Even if it doesn't complete the Cup & Handle or follow this chart in any way, I think a year or 2 down the line you'll regret not buying a bit of this while it's still cheap.