SCBTC fortunes ahead
still bearish, looking for a breakout opportunity. Next breakout may set up a nice swing trade opportunity.
May have a nice breakout soon looking at macd and rsi. gaining support but likely a small breakout.
slight head and shoulders forming if SC can gain some traction. Volume looks great as of now though.
in the 4 hour chart, we see nice volume with prices testing support of the ema 50 (blue). We can see the crossover of the ema 50 and ema200 (yellow) which signaled a nice correction and set a nice support line (purple). Since then, however, we broke past that support line, and we're having trouble getting back over support. RSI alone is showing us a change in strength from the angles of the last 3 days it was oversold.
SC is still looking bearish, but you may be able to be profitable from the recent swings looking at the 30 minute chart. Once SC settles back over the ema 50, it's likely we see a massive breakout.
:)
Siacoinbtc
Decision time? SC has been accumulating for a while now. Decision time is almost upon us. Currently we can see that the 200 EMA (red) is acting a strong support and 50 EMA (green) as a resistance. If we can successfully break above the 50EMA & the 50% resistance @ 300~~ sats we will see a massive uptrend that could hit previous highs. However, we could still fall below 200EMA & 38.2% support @247 sats and continue in a downtrend. However MACD looks like its ready to breakout upwards and RSI is nearing oversold conditions. With that being said I am leaning more bullish on SC, but will not enter until we get a confirmation.
Entry: Above 0.00000300
S/L: 0.00000247(38.2% support)
T1: 0.00000366 (22%)
T2: 0.00000453 (51%)
T3: 0.00000564 (88%)
High Risk
Remember, this is just a though so DO YOUR OWN RESEARCH
Cheers.
SIACOIN ANALYSIS FEBRUARY 10 , 2018The price moves in a descending channel from the closing price of 0.00000564 BTC to 0.00000290 BTC and the price starts to move on the ascending trend line. On a regular basis, expect to respect the bullish trend line to reach the following prices
0.00000320 BTC
to me
0.00000567 BTC
If the bullish trend line breaks, prices will face a strong support area that has been tested several times before
Between 0.00000176 BTC and 0.00000244 BTC and we expect the price rebound from then again.
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
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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:
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.
Reverting to previous support levels.Good evening investors,
At this moment it seems like we are experiencing fallout from a previous high of o.ooooo404. This level was gained after a 7 day spell of fallout. We rose to o.ooooo404 without establishing support, profits were taken and you can see the after effect now as we fall back down towards previous support levels around o.ooooo350 . Hopefully no one reading this got burnt and you took profit around o.ooooo390 and you can meet me at the bottom around o.ooooo350 or lower. My target is o.ooooo320 . Trading is hard work, but this is surely where the money is folks. Enjoy yourselves.
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
Bearish Market Siacoin is not an exception The market brings much opportunity even in a downtrend. That is if you are bearish. 0.00000200 is still my ultimate target however I must take baby steps and execute milestone positions that way I can increase my earnings even more. Target is 0.00000320 and by the way it looks,its doable today tomorrow, something has got to give. The supply is not meeting the demand, sells are saturated with Siacoin asking prices that are astronomical compared to what buyers are willing to pay with such a short supply of btc. Bittrex currently still has new registrations under suspension . At this point i'm just waiting patiently but rest assured, my bag will be filled.
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 SC ForecastChart is self explanatory. If bounce is successful one can expect a bullish trend.
Hardfork is set for 21 January 2018.
File contract upgrade, file recovery system and simple file sharing are all expected to be in place before 31 March 2018.
This is not an advice, always do your own research.