Siacoin
Could be worseStruggling to meet and keep 6 cents from all time high of 11 cents.
From 100 satoshi swings to 50 satoshi swings and a few sorry ass excuses for breakouts. Put away your cigar because as if now wallets are still busted and registrations to exchanges such as bittrex are suspended indefinitely.
In a nutshell:
Current exchange registrants leave chunks of SIA locked on the cloud.(how convenient perfect timing as value falls to shit)
Money is flowing out of sia into other alts by current registrants and no new money to fuel price action in SC/BTC
Siacoin #SCUSD - one more wave to the upside? +315% possible!The Siacoin SCUSD cryptocurrency price has four growth sub-waves. In the current situation, there is one more wave missing to complete the overall wave progression of the higher degree - wave 5. If the 0.0504 level is the end of wave 4 correction, the target range for wave 5 is between 0.1538 - 0.2167.
The necessary condition for further increases is the break out of the technical resistance level at 0.1132.
On the other hand, any violation of the level of the 0.0410 level invalidates the upward scenario.
TREND AND IMPORTANT LEVELS:
Main trend: UP
Intermediate trend: UP
Daily trend: DROP / NEUTRAL (continuation of the correction and the option of breaking)
KEY LEVELS:
- for further increases - level 0.0838 and later 0.1132
- for continuation of correction - level 0.0838 and 0.05040
- for continuation of decreases - 0.0410
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PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 100 likes. :)
Siacoin: Continued HODLI still expect Siacoin to be having positive correlations again soon. There recently have been wallet connection errors with some of the exchanges, hence prices have been down lately. However, Siacoin is still expected to have these issues resolved and expected to have updated to their protocol and cloud infrastructure by mid 2018. This makes me believe that a long HODL is called for. This is especially true given that the crypto was still in the top 20 before and has an over 100 million dollar daily trading volume.
Siacoin - Possible 225% GainGuys, last one for the night. I REALLY like this one. I may enter this trade soon because I think we may be near done with the consolidation phase. The Daily MACD is still pushing down, but this correction is reaching near the same length as the previous wave 2. I will look for signs of reversal and possibility of a failed breakout. But I think I'm placing priority on this one until I see that it is likely to not take off until a while later.
Entry: Below $0.062
Stop Loss: $0.04 OR on signs of bearish reversal
Target 1: $0.165
Target 2: $0.199
Chance to Gain: 225.11%
Chance to Lose: 34.22%
RR: 6.58
Time-frame: 1-2 weeks or more
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