SIA: shortterm ideaBuy levels in blue box, support here from the trendline, 0.786 fibonacci level and (stoch)RSI is getting oversold.
If bouncing from the lower trendline. We will probably retest the upper trendline first after which SIA might move back to the lower trendline once more, before finally breaking out. Since the cryptomarket is quite turmulous at the moment, I will already take some profits at the upper trendline (a good 30%). Then I will wait for the breakout to see where the next target might be.
Siabtc
Siacoin - Possible 50% CorrectionHello,
As you all know, BTC is in a correction stage. BTC's price affects all the different alts.
If BTC drops below the 9k support, Siacoin will fall down to the support indicated above.
Here is my previous Siacoin analysis:
Here is my most recent BTC analysis:
Trade is only active when BTC breaks under the 10k support and ofc 9k after that.
~DCFreak
SiaCoin Has Clear Bullish StructureWe are looking at really nice and clear structure on SiaCoin against BTC. We are tracking wave 4 correction, because of perfect 261,8% Fibo. extension of wave 1, which is ideal for impulsive wave 3. From January 06, we can see slow sideways move within three waves w-x-y down, back to ideal 38,2% Fibo. retracement and also test of channel resistance line. BITTREX:SCBTC actually found perfect support at psychological level 0.000004 for wave 4, so we expect more upside in coming days into wave 5 towards 0.000008-0.000009 levels. If from any reason drops below 0.00000278 invalidation level, then we may adjust the view.
Staircase formationNot good, bad, very bad. Currently just at the overbought line struggling to keep 380 is not a very good sign at all. The momentum is still leaning towards greater loss I do think we will fall below 0.00000300 so I put my sights on 0.00000200. I haven't fell for any fakeouts and since 0.00000499 that is all we have been seeing. The market is currently bearish and I expect it to be bearish until around the middle of february. Their is space to make a few dollars if you swing trade 100,000 USD worth of SIA however in my humble opinion it's not worth the risk.
Have a nice day.
Siacoin has an incredible potential for the long run $2.10Following a downtrend, the Rounded Bottom forms a gradual bowl shape reecting a gradual shift in the balance of supply and demand. Investors were indecisive and did not if it was a good idea to keep investing in Sia. Followed by that, a quite long period of inactivity, the bottom of the bowl that I drew for you, and it is when the price patterns starts it upward turn. Volume start to increase and I see a vertical movement of the chart in the next month.
HODL and be patient.
Targets I have in mind: 512,573,623,672,742,832,1091,1510
- Target 1: 512
- Target 2: 573
- Target 3: 623
- Target 4: 672
I believe that these targets are achievable by the mid Feb and I will keep updating this chart for the next targets that seem crazy but achievable.
Leave your comments below if you would like to know more about any other coins, I can work on them for more chart analysis.
SC - SiaCoin - ShortSC was one of the few coins to breakout upward during the crypto correction and has been a solid investment for sometime with heavy investment coming form players with deep pockets.
However, following the breakout it has formed a bearish ascending wedge. SC is facing heavy selling pressure and there a divergence has formed between technical indicators and the price.
Due to the TA on the chart and divergence of the indicators, I expect a pull back in price.
SIACOIN - Huge potential after double bottom patternThe Double Bottom pattern marks the reversal of a prior downtrend that we are seeing after the pullback of BTC. The price forms two distinct lows at roughly
the same price level here. For a more significant reversal, look for a longer period of time between the two lows.
Expected Target : 474 and even more for a long term HOLD
I am expecting a pullback of Siacoin (storage of data using blockchain and interesting Coin to look at). It is a long term HODL so buy more if it drops to the buy back area.
Good luck !
SIA BTC= Decentralized cloud storage platform that uses a blockchain to facilitate payments
= Rent storage, paid to host files, mine Siacoin
+ Fully Decentralized
More secure that STORJ
+ Significantly cheaper than STORJ
+ On-blockchain smart contracts
+ Storage marketplace creates more competition and storage place
Attractive to users, not really attractive to farmers
+ Doesn't have a central bridge, like STORJ, thus no scalability issues
+ More trustworthy team compared to STORJ
- Storage used is behind STORJ (3.4PB as of 12/23/2017)
- Node count is behind STORJ (700 as of 12/23/2017)
- Requires collateral for hosting
Problematic because of dynamic prices
- Accepts only SIA as payment
- Requires entire blockchain download
SIA going to new highs todayWe see some very nice patterns on the sia charts! If we could break the fib level 0.618 (580 SAT) we could see a huge spike today on SIA coin. We have a major support line around 520 SAT.
First target: 550 SAT
Second target: 580 SAT
Third target: 669 SAT (the resistance line of the previous high)
End target: 800 SAT
Let me know in the comments what your thoughts are on SIA coin.
SIA correction done, ready to spikeWe see a nice correction on sia right now. If we take a look at de fib levels we see that we've gone under the 0.236 fib (542 SAT). Which means we're normally at the bottom right now. If we could break the 0.5 fib and 0.618 fib lvl's we could spike to new highs!
Targets
First target: 542 SAT
second target: 586 SAT
Third target: 608 SAT (fib level 0.618, if we break through this recistance the next wave is a fact)
End target: 800 SAT
SC/BTC Pennant Spotted! Is Siacoin breaking right now?!Hey everyone!
Here I am I with another Quick, Simple chart.
A pennant is created when there is a significant movement in the stock, followed by a period of consolidation – this creates the pennant shape due to the converging lines. A breakout movement then occurs in the same direction as the big stock move. These are similar to flag patterns and tend to last between one and three weeks. There will be significant volume at the initial stock movement, followed by weaker volume in the pennant section, and growth in volume at the breakout.
Buy level - right now
Target at least 320 satoshis.
If you agree or dissagree comment bellow!
Invest Only Money That You Can Afford To Lose! I do not own magic Crypto ball that tells me where the Crypto will head! (At least not for now)
If this graph gets a little attention I will update!
Thanks and Good luck trading!
SIA Coin Is WOKE! (+60% Profit)We just finished off a nice little run (almost 100% profit for some) with SIA-BTC and now we have a good opportunity to buy again.
See the blue bullish pennant formed by the two intersecting dotted lines?
Looks like all we need is a breakout with another indicator confirmation such as MACD or RSI (which we have currently showing bullish signs) - then we enter. Simple geometric lines and curves.
Entry:
370 SAT (yellow)
Targets:
490 SAT (blue box bottom)
640 SAT (blue box top)
Stop-Loss:
330 SAT
Happy Trading Folks! This coin looks strong, we hope that it will continue it's run for a the long-term hold.