SIA
Sia - Medium Risk Symmetrical Triangle entryNormally like to buy things in the bottom two levels of fib.
I actually like SIA though so I've taken out a small position here (READ SMALL). Trending up hard.
If you want a stop I guess 79sats would be appropriate. Then move it up to lock in profits if it breaks up.
As always check wabi, walton, dragon as I can't post them here!!!
Siacoin Breaking OutAfter hitting bottom in the 40's Siacoin is breaking out and trending upwards once again :) you can never go wrong buying something trending upwards ;) Take a look at the 4hr chart and see the nike swoosh symbol it's making and inevitably bouncing back up. The tech behind this company is interesting and they do regular developments and a hard fork was completed a few days ago. Hard to say what the future holds for Siacoin but it's only 1 cent or 0.0000058btc so you can buy a truckload and compound your investment rather quickly! Please leave feedback and any questions, thanks!
SC/BTC Bigger picture -> Possible 400% profitSia just completed a full impulsive and corrective Elliot Wave. Right now with the hard fork successfully completed the momentum is on Sia's side. Around 65 sat is a brilliant time to buy in and ride the next leg up. If you plan to hold to the final wave a 400% profit is not out of the question. Stop loss at 55sat.
Thanks for reading, make sure you give this analysis a thumbs up if it you liked it and, as always, make sure you do your own research!
Siacoin 1D Chart 4 December 2017And there's Siacoin, the coin with the hard fork popping up and also the insane retracement after the giant spike earlier this year.
What we can see from this technical analysis, SC retraced all the way back to the fib level 2. And finally moving up (on Twitter I’ll make a 1H chart for Siacoin as well). First really big target we’ll see in some time is around the 200 level, where the 1.618 level of Fibonacci is.
Will also update this on a weekly basis.
RE: SIACOIN Long opportunity!Heres a reupload of our Sia analysis. A mistake was made on our end and broke Tradingview had to remove our post.
*Thank you to Jasper for clearing everything up for us!*
We entered long at 0.00000060, and we're still currently about 110% in profit!! (In terms of $!)
Heres our look on SCBTC!
Price has broken the trend, created a flag and the flag has broken out! So from the current price we enter long;
For more confirmation..once the price goes above 0.00000075 (yes that is six zeros!) it also creates a double bottom on the daily!
No take profits were stated, because we're planning to be long until we see an indication that price is reversing or price hits our stops.
We appreciate all the supportive feedback and if theres any questions or comments feel free to let us know!
Check out our social media pages!
SIACOIN - Simple Support & Resistance. RSI / MACD.SIACOIN is another coin that has faced a run-up in price today, we are up 99% from a few days ago where the price bottomed out and started to consolidate which has to lead to this increase.
You should expect the price to drop in the upcoming hours since the market may need to correct before it can continue moving upward, there are two support lines, one being the first support and the other being the secondary. If the first support is broken it is likely we will see a drop to the second one.
RSI is in the overbought section which indicates a very overbought market signaling a potential decrease.
MACD lines will look to cross over in the upcoming days which is also another bearish indication you want to watch out for.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.
SIA Long - based not on BTC/SIA prices, but USD/SIA prices.With BTC skyrocketing lately, a lot of people forget to look at the fact that any coin going even sideways with it is also actually gaining value, and if it is going up in its' BTC pairing, that means it is growing *at a higher rate* than BTC in terms of value to increase.
For example, for every $1 that LTC goes up, is 1% of LTC's total value, at the time of typing.
BTC has to go up almost $115 dollars to go up by 1%, at the time of typing. This is mitigated by the sheer volitility of BTC, but the line of thinking is still valid. In turbulent markets, look to stable currencies like USD/USDT for your growth charts, not BTC comparisons, unless you're a diehard BTC trader or HODLer.
But if you're just long-hodling BTC, odds are you aren't trading against USDT, and either way you'll be fine. I personally think being patient and long-terming BTC with small hedges in LTC and ETH are the best idea, but for the swing traders, SIA shows a lot of promise.
Sia BUY OpportunitySia is currently currently in a falling wedge and looks extremely oversold on the daily chart. RSI hovering around 20, MACD flat. With a big new release expected in November and as bitcoin's price retracement looks more and more likely I believe Sia to be one of the better buys you can make right now. Target entry is around 55sat if falling wedge is broken, first target 200sat, final target between 400 and 500 sat.
Thanks for reading, make sure you give this analysis a thumbs up if it you liked it and, as always, make sure you do your own research!
SIA breakout comingCurrently SC is trading around 60 sats and is in the demand zone. And seen as in 3 days the bitcoin gold fork will happen, a lot of people will probably throw their BTC back in alts after the fork, which would start the breakout for SIA. Ontop of that there is also a fairly big update planned to release next month, which will give SIA an even stronger boost. TA-wise SIA is also closing in and is due for a rally up.
So all in all, good events are ahead for SIA and there is a very high possibility the breakout could result in 1000%+ gains compared with the current price.
#Sia in accumulation, forming base, one more leg down?Despite the apparent accumulation, I think one more push-down is possible to force weak hands and make disgruntled bag-holders from the summer finally give up and conclude that Sia is finished once and for all (I've already seen such voices on the forums). Therefore, I'd be careful, the low might be temporarily broken to the downside, maybe even sharper than my line anticipates. Then I see it springing up towards the kumo.
Personally, I'll be getting in in tranches. Start slow. If it dips, I'll add more.
Another scenario (not indicated on the chart) is a bigger break-down and quick touch down to 100 sats.
You probably noticed that Sia stayed relatively stable during the latest btc dip. This might be further indication that it is nearing a bottom.
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.