#SCUSD - Slowly Heading to 2020 Levels?After a plethora of good trades for over 2 years now we appear to be heading down this channel back to previous #SIACOIN levels last seen in 2020.
Rejecting off this top trend line we've got a fresh Sell signal from CTv2 with the potential for 30-40% on this one!
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What Do You Think?
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theCrypster
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Siacoin
SCUSD - Sat at a Critical Point. Are We Heading Up?Quite a pinch point we find ourselves in right now with Siacoin! We're touching the descending trend line after testing it a few times historically and we're also sat on a SR level which after a brief break downward we've since come back up to.
Something big is brewing here, we're thinking a large downward move is possible, around 30% losses, but a large upward move is more probable, easily hitting near 20% gains with the possibility of 40% gains up to the next real level of resistance!
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Siacoin - Filecoin's nemesis?? When is the best price to enter?For those who do not already know about this coin, it could be worth looking into.With a market cap of $665,700,000 at the point of publishing this piece some would say it will be hard to do anything amazing. We beg to differ as even if it doesn't go on to do amazing numbers in times to come, it is definitely a coin we can get some X's off of.
The use case is pretty much the same as that of File but it is a cheaper proposition both in cost to use it to store information as well as price of coin.
This one could be a longer shot and could take longer to reward us but $665m market cap (SIA) VS $4.4bn (FIL) and $0.13 (SIA) VS $30 (FIL) make it quite an easy choice if you have to pick between the 2 for investment purposes. Nonetheless there are opportunities on both to make some dollar.
Without the full commentary on this one we are bullish on Siacoin already and if it can come down to our $0.033-$0.04 buy limits they will trigger big buys.(Green Vectors down there)
We are waiting for triggers on this one
We are looking at:
E: $0.033-0.04 range
T: 5X, 10X, 20X, 50X, 100X
SL: Common Sense
This is not financial advice and should be taken with a pinch of salt
SCUSD - Rejected by Trend Line & Broken Below SupportThere's a few lines on this chart, all of them are relevant. We've got 2 clear descending trend lines which Siacoin has recently tested simultaneously and been rejected by them both.
After this rejection we've seen the price descend through layers of support (a historical consolidation zone, to be exact) and now we're left hanging off the underside anticipating a 20-25% price decline.
This is great news for us as we've received a Short signal from Crypto Tipster v2, bring on the drop!
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✳️ Siacoin vs Bitcoin | The Patience PerspectiveYou can find the long-term analysis with potential target in the "Related Ideas" below... I just one to mention one thing here.
Siacoin (SCBTC) will behave just like DigiByte (DGBBTC) once it goes bullish.
The price you are seeing now is not something you can find every week or month... It is something that happens only once every two years or more.
For example, the last time that Siacoin was at 10 satoshis (0.00000010) was December 2020... This level hasn't been seen again.
It then grew by 860% in less than 4 months.
The only way to take advantage of such a chart is to buy and hold.
When this pair takes off, in the first few days, it can grow 80%, 100% and even 150% or 200%...
Anyways... Patience is key.
It shouldn't be longer until the next altcoins market bullish wave.
The smaller ones vs bitcoin...
We diversify to decrease risk and maximize potential profits.
Make sure to do your own research.
Namaste.
✳️ Siacoin Long-Term Potential Still Intact (Up To 1500% Mapped)These altcoins that we used to give so much energy to in the past are in a hibernation state...
After the hibernation comes the activity and lots of activity, fast growth in this case.
We can see some action now but not the big wave that we would expect when the bullish market comes.
Considering this one is good for the long-term, for the short-term there are others, better choice to pick from.
We will revisit again in a few months and see what we get... But remember, everything can change in a matter of days.
Once Siacoin (SCBTC) starts moving, it will be impossible to buy at the prices we have today.
People will look back and say... "Wow, imagine buying at those prices...", "It consolidated there 6-8 months and I always ignored it", "I would have earned 10 times more by buying and holding rather than jumping around different trades"...
When this is happening, the growth will be at 300, 500 and even 800%.
The time is now to plan, to study, to learn...
With a plan at a hand, a well though-out strategy, you can change your financial future forever but this is easier said than done.
It takes courage to be successful.
It takes courage to be able to buy and wait for the right time to sell.
Emotions are strong and they become even stronger when prices drop or when things move ahead.
It is an entertaining game for sure.
It can also be a highly profitable game, or painful.
Thank you for reading.
See you soon!
Namaste.
Siacoin (SC) formed a bullish Gartley for upto 57% pumpHi dear friends, hope you are well, and welcome to the new update on Siacoin (SC) with US Dollar pair.
Previously we had a nice trade of SC .
Now on a 4-hr time frame, SC has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Siacoin vs USD Long-Term | 2 ScenariosHere we have two scenarios for Siacoin vs Tether, Long-Term.
Scenario #1 | Another drop before a bullish wave:
Here is an alternative view if a bullish wave were to develop now:
It is too early to say based on chart signals.
The signals are not clear enough.
We will revisit again in the near future.
Namaste.
Siacoin vs Bitcoin Easy Target 115% (Up To 320% Possible)Siacoin vs Bitcoin has been bearish since forever.
This pair was added to Bittrex back in May of 2017 and we continue to see lower highs for many years.
There is some hope though, in December 2020 Siacoin bottomed and in May/November this year we have a long-term higher low, giving us the first strong reversal signal.
The next positive signal comes from the RSI above 55 weekly while SCBTC its trading at support. Again, a strong RSI near support we consider an early reversal signal.
The main/easy target is set at the counter-trendline, which is always challenged on a price bounce and it stands at the 30-33 price range or 0.00000030 - 0.00000033.
That is for 100 to 115%.
If instead of just a correction we get a bullish wave then higher prices are possible.
Based on Fibonacci proportions, the next high after 33 satoshis sits about 64 satoshis, giving us a total potential of 320%.
This is a mid- to long-term target.
This is just my opinion, view, analysis of the chart based on my studies and experience... Things can always change.
It has been 600+ days since the last bullish wave.
This pair is due a new bullish wave or a correction in the least based on how the Altcoins market cycles.
Namaste.
Siacoin - short term strategyThe horizon of the double highs traces a triangularization of the Siacoin chart which, together with the close of a (more than) annual cycle, seems to create the conditions for a double low and a rebound that will culminate on the horizon and as a Fibonacci retracement "contrary".
Let's call it Bull trap, let's call it Dead Cat Bounce (when viewed on a larger time scale), the fact is that fractality and the union of similar concepts show an absolute truth, which is what denotes a "change of situation".
Why do I say situation and not trend?
Because it could happen that a black swan is created due to some war event or that a capitulation occurs, but the fact remains that the current situation will change soon.
I remain statistically inclined to recover the price to the $ 0.007 mark.
Siacoin Prepares For Major Move (60% Short-Term)A major move can happen on the Siacoin (SCBTC) pair but we start with the short-term target first.
EMA100 rejected growth back in April this year and this same level is working as resistance now.
Since SCBTC has been consolidation above EMA50 for the past month, as the EMA100 resistance gets challenged again we are alerted of an upcoming bullish jump.
As usual, low risk with high potential rewards.
We can have a 10-15% risk (stop-loss), while we aim easily at 60% to start but there can be 100% or more in the weeks to come.
Namaste.
Siacoin Prepares To Pullback (185% Target Mapped)After 5 weeks of consolidation Siacoin vs Tether (SCUSDT) is preparing for a pullback.
This is marked with a black arrow.
Notice the trading volume has gone to basically zero compared to last year.
As the volume dries out the market trend can start to change.
We can also see the RSI hitting a low and starting to curve upwards...
This weeks candle is about to close in a Dragonly Doji, another strong reversal signal.
This comes after a -9 on the TD Sequential...
All these are bullish signals after a new low is hit/support.
Reversals can only happen at support.
So when the chart is super bearish;
When the market sentiment is super low;
That's when the market turns and grows.
Namaste.
Siacoin - BullishI believe that Siacoin will give us excellent prospects for the next bullrun, it is no coincidence that it presents bottoms that recall a trend reversal in the medium term, therefore in correspondence with the next bullish phase.
I have been investing in this crypto for years because it has a hugely underrated project like Stellar's.
SiaCoin SCUSDT - Breaking out! Falling wedge + Triangle- On the daily chart we can spot a falling wedge - bullish reversal pattern that is currently breaking out!
- Also we can see a local ascending triangle, also a reversal pattern.
- As per my Elliott Wave analysis, this impulse wave should be completed successfully.
- Now I am expecting a retracement to 0.618 FIB + previous swing low from February.
- Look at my ideas about another interesting altcoins in the related section down below ↓
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Siacoin Long-Term Higher Low | The Bottom (333%)Alright my friends its been a while since we looked at Siacoin vs Bitcoin so we are going to go long-term.
Is there more downside or will it grow?
We see a low set 9-May 2022 and this is very likely the bottom.
Because of the high volume.
If we look back at December 2020 we can see that right on the candle where the low was set we also have really high volume.
At the same time in both cases the RSI is at its lowest.
I can also see a bullish divergence with the MACD since March 2022.
I am mapping 333% potential long-term but there can be more.
Plan ahead before trading...
Stick to your plan and good luck!
Namaste.
Crypto Market Mark-Up IdeaFor the majority of coins that failed to set new highs during the recent bullish wave, it wouldn't be too far-fetched to see a nice mark-up phase fueled by smart money.
From a technical perspective the structure is all there, and from a fundamental perspective, these coins are dead... no one is watching them, talking about them, especially not buying them - the perfect recipe for smart money accumulation.
Along with the large caps like BTC and ETH going into a temporary retracement, it will be interesting to see whether or not the lagger coins simply continue to follow along with BTC, or finally have their moment.
Visualizing the scenario, an XRP lawsuit win would also be the perfect recipe for smart money to cash out once we reach distribution phase/retracement zones.
SC Breaking Out from its rangeSC or Siacoin is currently attempting to break the upper range + the 0.236 Fib. The current breakout candle has a massive volume spike, and RSI is diverging from the price in the past few days.
If it successfully breaks out, the first good TP will be 0.43 area, where the 0.382 Fib and the previous lower high sits.
Remember to do your analysis first