Siacoin
Siacoin (SC) on the verge of breaking outThis coin is very much like XDN. The graph, the indicators all look almost identical. It is actually a bit weird. After a period of consolidation since more than a month, I think it is ready to move. The StochRSI on the 1D chart has become really bullish, and there is a lot of room till it gets oversold. Looking at the MACD and it's histogram, it looks like sell off is over and the lines are about to crossover. The indicators on the short term charts: 1h 2h and 4h are all looking very bullish too.
Don't forget to diversify and set your stop losses.
Cheers and good luck!
Tips:
BTC - 1FPLEZw1WXK4ojqap3R1KtXxubDsrLps7g
ETH - 0x080cC01b0abA63Bde5cC535d92F0fEd8722b1678
Sia May Be Headed LowerSiaCoin has corrected rather sharply since mid-January, followed by a brief downtrend this month. However, the coin seems to be headed lower again. After facing resistance from the 50-Day EMA, Sia price has moved lower over the last few days and the next level of support for the stock will come from the 100-Day EMA at just over 220 Sats.
With no specific bullish triggers in sight, there's a good chance the coin could slip to this level. Further, Sia's MACD doesn't look poised to make a bullish crossover with the signal line right now, which is another bearish signal. SiaCoin is far from oversold territory, which allows room for further downside. However, if you look at the volume profile, it confirms the support and resistance level that SC will hold for a few next weeks.
SCBTCSCBTC basically completed a 100% correction from January 4th. There are a few ways this can pan out.
"Great moments come from great opportunities." I have no idea if Herb Brooks actually said that to our boys before they took to the ice against the USSR in the 1980 Winter Olympics Ice Hockey Semi-Finals in Lake Placid, New York. Regardless, when Kurt Russell (playing as Herb Brooks) said the quote in the movie 'Miracle On Ice' I was so pumped up I could've ran through a brick wall.
If I had to pick two things I love the most in this world (besides my wife, obviously honey), it's THE US of A and a hot cup of JOE (The saying "Cup of Joe" came from the US Navy, when Admiral JOE Daniels banned alcohol on naval ships in 1914). We've got both of those things in this chart.
Our chart is showing a great cup and handle, but it needs some Herb Brooks-level motivation, or a swift kick from Admiral JOE.
SCBTC failed to breakout of the handle and has plunged to a 100% correction.
The 200D MA has recently formed, and is curling up to add support, but SCBTC must decide if it will run to the 200D MA or fend for itself until help arrives.
This is still the 'Semi-Finals', but it will be far more telling of the coins strength than the gold-medal round (Especially if we play the Fins again).
Watching this trade VERY closely.
Disclaimer: I know less than my 6 year old niece about trading. But I'm winning and she ain't.
Siacoin/BTC, Bittrex = Inexpensive & Promising Data StorageAs the market continues to show signs of bullish behavior, every (or most) crypto asset are showing positive signs of recovery. Today we'll focus on Siacoin (which just happens to be up 12.00%)
For this analysis I've chosen to look at the Elliot Wave structure and count as well as fib levels on current and past rallies. I'm also considering previous resistance and support markers. Where all of these things coincide or correlate, I usually set my own buys/sells.
As always, I recommend for every one to further expand their knowledge and do as much research as possible when investing. These are my own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts.
About Siacoin
Sia is reinventing cloud storage. Our technology connects users who need file storage with hosts worldwide offering underutilized hard drive capacity. Our blockchain technology secures their data and enables breakthrough economics for users and hosts.
White Paper: sia.tech
SCBTC Siacoin BITTREX, breakout soonSiacoin held pretty well during the correction, with the 0.00000250 area working well as support, which was the previous high on Dec. We're still within a downtrend channel, however we can see some bullish signals in our 4hr chart.
We have a bullish divergence in our MACD with three higher lows. There is this huge triangle, which is a continuation pattern. If we break out to the upside, we could have a confirmation of the breakout with the price bouncing of the top purple line. We can have a price target at 0.0000075, that being the target from our huge flag, matching our 1.272 fib number, being at the same area of our previous highest point.
Daily chart:
Siacoin To Make a Move Upwards Again?In the Ethereum/Siacoin pair, it would appear that Siacoin may make a move upwards, thanks to a possible double bottom. On 2/1/2018, SC closed on the lower Bollinger line. On 2/3/2018, we have a possible middle peak, and on 2/5/2018, we have the possible second lower bottom that is pulled away from the lower Bollinger. The close on the 2nd, was 0.00003012 ETH. The MACD is another indicator that I have been watching also. It would appear that the MACD might be about to make an upwards cross. If the current upwards trend continues, and passes the 0.00003012 ETH line, and the MACD crosses upwards, will you make a buy order and ride it up? If so, what will be your target price to exit at?
here are my feelings about the past weekSo #siacoin had some pretty bullish signals going on for it. A nice doji formed while oversold price 240 satoshi which did close @245. This kick started a nice little trend upward from a downward staircase but it only managed to meet 330 tops. And that's all good and well its better than nothing but I had 340 in mind therefore i fell 10 satoshi short of my target price.
Currently it fell out of my main bullish channel line and dipped right back into support reserves just under 280 forming another cross which does in fact indicate a reversal. I feel as though 3OO may not be much to ask for as it climbs its way back to the top on the rsi . It's important that we don't get fearful and panic sell or panic buy I did break those habits. Unfortunately though, I may have a new vice which is greed. Find an entry, find an exit, take profit,and it should be as simple as that but my greed always keeps me attached to wanting more.
In other news, bitcoin is on its deathbed shitting itself. Personally I don't follow bitcoin anymore, I left as soon as mainstream media started telling me to buy. What I do know for sure is it does influence the market and if it doesn't recover it follow to number 2 on the coin marketcap switching places with ethereum. Bitcoin is just washed up in my opinion and when it starts to affect how much money I make I begin to take it personal. Outside of that I don't have much more to add.