SCBTC trade ideas
SIACON HITTING NEW LOWSHi guys,
I created an alert that would trigger when volume spikes on SC/BTC, because I know and when that happens is a great buy opportunity.
Guess what, it happened just one hour ago, so I'm sharing it with you guys.
Furthermore, 63-64 sats is close to All Time Low so there is no much risk.
Enjoy!
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My Website - Automated Strategies with Backtest and Alert Setup
Siacoin (SC) - Bullish signs. Bears worn out.Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
I've got a couple charts here to look at. On the left is the daily and on the right is the weekly. Here's a couple things to look at. Taking the crazy impulse of December 2017 and doing a retracement, we can see some logical support and resistance levels. It's difficult to know what will happen in a price zone where it's never hit before (such as above about 300 sats) but one thing that is for sure is there's definite potential here. This is why I like SCBTC right now:
1. Bullish Divergence on both the Daily (2 days ago) and the Weekly (this week)
2. The price is good. It's only 67 sats and the ATH was over 600
3. We've almost retraced 100% from the low in Oct 2017
Now, let's talk about risk.
1. SCBTC (and any alt for the most part) is always at risk of getting delisted. Sometimes this comes out of the blue so it's something you have to consider for low market cap coins with little volume. Right now, SCBTC has low volume.
2. Stop Loss - If we breach the all time low, nobody knows where it will land. I've got my stop loss around 40 sats.
The reward ratio is high depending on how patient you are. Will this go back to 300? I am guessing the answer there is yes but it depends on how long you're willing to wait. Hitting 300 from this entry is about 400% profit potential.
There's no guarantee this will pump that much. Anybody that has been holding since the push to 360/400 is likely salty and will be willing to sell as high as possible so there will likely be a lot of resistance to chew through.
Use Stop Losses. Don't go all in. Don't "FOMO" buy. Get a good entry you are happy with and trust the data. Know when you're wrong. Trust when you're right.
Trade safely friends.
Siacoin Bottom is NearSiacoin's bottom seems to be nearing; it has tapped 67 satoshis multiple times and orderbooks show large accumulation orders on the buy side. Daily RSI is showing clear bullish divergence (White). The range is tight and needs volume to turn up. The pattern looks like a falling wedge if you use candle bodies which is a bullishly resolved pattern, however if you use the wicks it looks like a descending triangle which is a bearishly resolved pattern. Decision time soon.
Upside Targets: (Light Blue)
55 ema: 74 satoshi
100 ema: 83 satoshi
200 ema: 105 satoshi
(coincides with prior horizontal resistances)
Downside Targets: (Pink)
50 satoshi (measured move of descending triangle)
Siacoin two targets some indicators of an upward trend in Sia
- double bottom reversal
- Inverse Head & Shoulders pattern
- touches major support every dec/jan before big rise
- upward RSI
an idea:
buy at 69 sat
sell 50 % at 78 sat (13% profit)
sell 50% at 100 sat (45% profit)
--> 29% average profit
stoploss at 61 sat (11,5% loss)
SCBTC Bullish Short term mood and LR equilibriumSiacoin (SCBTC) is about to start bull run. Let's look at the 1-day and 3-hours chart.
The price managed to break upward twice. Moreover it touched Ichi critical area at the long term price graph.
At the 3-hours timeframe we can see that SC bounced from the trend line and broke through resistance of Ichimoku clouds zone and now it is a strong support for upward movement.
RSI is bullish and MACD curving up, there is no resistance that can stop SCBTC. Momentum (10) and SMA and VWMA are positive too.
Free target is EMA50 (Red line - 0.00000079) where the price will penetrate Ichimoku clouds.
If you enjoy this analysis and make profit using this information, feel free to support us by hitting LIKE and leaving a comment
Sincerely,
SkyRock Signals team
Almost Boom On SChello if you see on chart the Yellow Line of support is bellow of the candle just need some more money to pump To
Target 90
this coin have a lot of possibility of Great Pump
We have a downtrend support at 100 if we broke that we go to heaven
i specting this will be happed the day 24 when the Weekend candle close
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I see you, Sia... and you look about ready to blow $sc #SCBTCI've opened a long position.
Why?
Because it seems we're in the midst of a little alt-season and SC has yet to pump.
Volume is building at what has become the local bottom
Easy risk management: stop place just below recent lows.
Target?
The chart looks like it could be forming a cup and handle. If we are the top of the cup would be about 80 sats, so a nice 10% run.
Beyond that, if momentum picks up, this coin has the potential to do a verge (based purely on the chart - I haven't a clue about the fundamentals, so take with a pinch of salt) - 150 sats would be a reasonable target.
Warning:
If BTC takes a tumble, expect the alts to fall faster, so make sure you have well positioned stops.
Good luck!
DISCLAIMER: This is simply what I am doing at the moment. DO NOT COPY TRADE ME. I'm very good at making losses. If you do copy me, you accept you are a victim solely of your own incredible stupidity and you hold me free of any blame / liability in respect of your financial losses.