SIA
SIA/BTC Wave 4Watching SIA in the 105/100 Sats area. Looking to hold support for a possible 5th wave buy
Siacoin completing a bullish cup and handle formationBINANCE:SCBTC
Siacoin is completing a bullish Cup and Handle formation.
With such a gap in volume profile a breakout above 114 sats would bring a nice green candle to potentially 155-162 sats.
We are conservative and we choose a lower target at 127 sats.
They also announced a very positive hardfork that would surely bring more optimism in the Siacoin community, removing effectively two dominating ASIC miners from the game.
We are recommending a breakout buy at 115 sats OR wait for a retracement to the first fib level at 103 sats.
Stoploss 90 sats
Enjoy!
Siacoin ForkHi Folks! I follow the SiaCoin since my last update, and today the team published the announcement about future fork, you can read about it at the offical medium blog, I don't want to make you upset, but "No airdrop will occur on the Nebulous-backed chain."
I recommended to buy @93-94 and I think the price is still cheap to enter, we have the EMA support lines, and the resistance level @150, if the investors/traders/whales will find the future fork helpful, we will see SIA @150-170 very soon.
GL Traders.
Boys, we're on the right track. SCBTCRecent months have witnessed a substantial decrease in the activities of trading volume, but starting from September I have noticed an increased amount of "buying" strength. Well, this is the time for flat trading, without spikes or big volumes at the market... At the moment we can assume that price ended its downtrend period so we can put small orders atm during the accumulation session without high risks.
The MACD: Bullish crossover
The RSI: < 50
EMA lines: the 7EMA is finally our support line, the 30EMA resistance line @110 and the 100EMA created the strong resistance level @160.
ENTER: 90-95;
PT: 160 and higher.
Conclusion: I don't follow the Sia very closely but remember their team has the good project which can resolve issue with cheap hosting of your data, and why not? Maybe this tech will be in demand at 2019.
SIA COIN: LEDGER S INTEGRATION & POLONIEX LISTING -PROFIT=67.65%Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 14th of August 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 67.65% PROFIT!!!
The increase in price may also be explained by positive developments including:
March 6: Siacoin is trading on Bitbns (an Indian Exchange).
March 9: Ansible-role-sia tool is released. This allows you to run an unattended install of SiaTechHQ to a Linux server (this automates everything, including blockchain sync and wallet initialization).
March 15: Sia version 1.3.2 increasing download speeds, other improvements and other bug fixes.
April 23: Siafunds Tokenized Securities Offering ( TSO 0.00% 0.00% ) raises $1.5 million which are treated as financial securities. These securities have been filed with the SEC.
April 24: Bittrex (cryptocurrency exchange) adds Siacoin.
April 26: Upbit one of the largest cryptocurrency South Korean exchanges adds Siacoin.
April 27: Bittrex adds a USDT trading pair for Siacoin.
May 8: Sia Tech announces their SEC filing for their Siafunds TSO 0.00% .
June 7: Siacoin announces Okex listing over the next few days.
June 8: Sia v1.3.3 is released. It introduces the ability to stream video (over local network).
June 8: Siacoin announces that they have had over 1 million downloads of their Sia Core software.
June 14: Binance lists Siacoin.
August 27: Nano Ledger S announces it is working on integrating Siacoin into it's hardware wallet.
September 1: Poloniex lists Siacoin and adds SIA/USDT trading pairs.
The price increase is the result of a recovery in the overall crypto markets and the positive developments highlighted above.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
Sia Support zone reachedI published a TA on SC a few weeks ago predicting a 1:1 wave C extension at least. That happened, but as you can see it overshot 1:1 slightly. So that prompted me to search for other support levels.
SC is currently doing a small bounce. Time will tell if that is the foundation of more stable growth. But it has reached some key levels:
- It bounced right on reaching the 2.618 fib extension of wave i (of wave C), This fib extension was deleted to remove clutter.
- The above level was also co-located with a 1.618 of the first wave (of the fifth wave in wave C) level.
I would call this as a reasonable and plausible support level for SC. Now if only people would stop capitulating :) Time will tell.
Sorry, no up-side targets as yet. I will be watching for a definitive bounce given that SC is on sale.
Disclaimer: I own and also mine SC. I think, given the tentative stability of BTC I am looking to add more SC if support holds.
SC Siacoin last drop before big bull break (hopefully)Hello All,
My first crypto post :) Due to the market down-turn a lot of people are (including me) are awaiting signs of a strong recovery before diving in again. BTC is showing everyone that when it goes up it can do so with some real conviction.
After the swing high in January 2018, SC has been in an ABC correction. It is showing none of the recent bullish behaviour of BTC. Wave A was quite strong and reflected the sharp drop in the market at the time. Wave C is not looking like it will make a 1:1 wave A extension due to the slope of the wave is much shallower and the sub-waves smaller. I would extect wave C to make somewhere between a 0.618 wave extension and the 1.618 sub-wave 1 of wave C extension (green box). It may get there, it may overshoot, or it may fall short. Let's see what happens.
Everyone has been feeling the pain of the past few months. Remember to keep a close eye on things, do your own research, and lock in profits along the way.
Disclaimer: I own and mine SC. I normally have a disclaimer about how my published analysis is 100% technical and 0% fundamental,however, my decision to buy an mine SC was made primarily on fundamental analysis (use case, developer progress etc) although I haven't been following any recent news from SC.
Good Altcoin vs Bad(?) altcoin
We didn't expect this to happen. right. the tumbledown, the collapse of altcoins.
BTC's dominance went as high as 48%, and now 47%. it is on its highest peak, when people say 42~43% is enough for the market.
investor's think bitcoin is the safest bet. now, when BTC is pretty high priced, compared to 5.7, 6k areas altcoins are dying.
at the hype of the bull run altcoin's couldn't gain like 50%, 100%, 200% which was easy in the past. it pretty much gained 30, 40% percent this turn, but lost more on btc's dump! so when traders now say "btc is going to 5k", altcoins will be DEAD. not only it goes back to 2017 November, October price, it may even retrace further even before we knew this market exist.
am i exaggerating? well, for now yes. but also possible. anything is possible in this world we all know.
BTC's bear and bullrun has shaped every altcoins resistance and supports in the past. but now, as BTC's dominance so high, we could differentiate what a good altcoin is, bad altcoin is!
below is GNT's chart.
GNT for example. the price is even lower than last year when btc was at lower level's than now! last april was the low point this year, but it reached it today. GNT's pumping is really alluring, it goes up real high. however, when btc's downtrend starts, it never stops to drop. low market cap, 'manipulated coin for pumping' reveals its fundamentals. NOT that GNT's future is not promising, but the past years have shown its strength against BTC for a fact.
what about SIA?
SIA is even weaker than GNT, which went right back to 2017's low. In 2017, Sia broke down below 100 sat's which went 40~50 sats and rebounded in dec. 3 whole month of boring consolidation! So many traders are saying MACD is bottomed, RSI is bottomed..but it just would not run! All because of BTC, but it also matter's with investor's expectation on SIA, and its fundamentals, and ongoing projects which is in its early stage.
On the other side, what about Stellar?
Stellar also had difficulties with BTC dominance, but! it made a pretty good run. when so many coin has reached double bottom or even lower, Stellar is in a 'healthy retracement phase', which will lead to 2900/2400 sats or little lower. the real bottom in 2017 can come when BTC would go to 5k or below for now.
these cases proves that not all altcoin's are losing strength at these times. Some good coins with good news, updates, expectations, and solid fundamentals ABSOLUTELY SURVIVE. now is not a time to buy any alt coins because its low has been reached! when its historical low is broken, it loses momentum, with no support at all.
BTC's retracement/consolidation has only begun, and expectations for 'powerful BTC' will go on for a while. now is the time to study, work on what good altcoin's are, what would survive in BTC dominance(not that i invest in stellar, i hold nothing at all) in the coming years. That insight and perspective would only win your money no doubt.
SIACOIN Trade Potential with 71.90% Profit - SC/BTC AnalysisAfter months of downtrend, Siacoin (SC) appears to be almost ripe for a huge upside move and we will be ready to ride the moon train as soon as price gets down to our buy zone. To newbies, expect a pullback every time price hits a TP level.
Buy: 0.00000121 or near
Take Profit #1: 0.00000145 (19.83% Gain)
Take Profit #2: 0.00000176 (45.45% Gain)
Take Profit #3: 0.00000208 (71.90% Gain)
Stop: 0.00000113
SiacoinIf EMA 13 crossover EMA 34 + Sia break the red resistance =
The Bat pattern will lead the price to 0.00000185-201 and hopelly to 0.00000248... meaning profits between 11% and 50% respectively.
Educational Only!
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GoodTrade.
-CJ-
Siacoin VS Bitcoin Approaching Support AreaSiacion has reached the high, hitting 330 satoshis, after wich a corrective wave down begun. Currently SC/BTC is trading at 230 satoshis, which already has resulted in a 30% loss against the Bitcoin. At the same time Siacoin is approaching a strong support area between 180 and 200 satoshis, not to mention the 200 Moving Average, that also could act as the support.
While Siacoin getting lower and lower the price is getting more and more attractive for the long term investors and at some point the next wave up could begin. It is important to watch the support area and/or perhaps the bounce off he 8/1 Gann Fann trendline or the MA.
While price is above the 180 satoshis the probability of the uptrend continuation remains high and current wave down should be considered as only a correction. The nearest upside target is seen at 927.2% Fibonacci retracement level applied to the corrective wave down after the downtrend trendline breakout. This is 500 satoshis area, and if reached SC/BTC is likely to form a double top.
On a downside, break and close below the 180 satoshis could result in double bottom formation sending price down to 100 satoshis area.