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SCBTC trade ideas

A good entry for Siacoin - gains over 100% lurkingThe technical analysis uses multiple indicators. Some Moving Averages that are commonly used. Trendlines Cycles Waves Fibonacci Retracement (1 was drawn over all prices + 1 was drawn from last downfall) RSI > RSI is not a strong indicator, buy - sell undecided > The 3 trendlines going down that I drew were all broken to the up side. This is a good sign that bearish movement could be over. > 2 cycles ago, the yellow dashed arrow indicates the time before the huge breakout. It is probably no coincidence that the red trendline was crossed in the current cycle and that after the same time (again yellow dashed arrow). > The Moving Averages are lining up nicely. Strong indicator that price will move soon. > Fib levels line up nicely around 225 - 230 satoshi. That's over 110% profit and that's only Target 1. My believe is we'll head to Target 1 before the end of 2018.
Long
by Mitani
1
Siacoin is gearing up for a HUGE move! Siacoin has started moving off the bottom and the recent S/R flip zone is gearing up for potential massive gains ahead. Between now and the end of the month, Siacoin announced the release of code version 1.3.6, which will ensure that only Nebulous subsidiary Obelisk ASICs can mine the network, effectively blocking crypto mining giants like Bitmain. As we have seen in the past, hard forks do provide volatility in price and we could expect to see a jump in price as Bitmain gets cut-off! The hard-fork will be activated on Oct. 31 according to CoinDesk and it is currently setting up nicely. After seeing a few altcoins popping like crazy past few days, we could very likely see a spike up in Siacoin so something to keep your eyes on! Thanks guys
Long
by CM_Trades
2
SC BTC ROCKET soonIn this chart we have a very bullish SCBTC setup. -First and main important thing is SC are above ichimoku cloud which is a strong bullish sign at 1D timeframe and we are holding support line,if this ultim candle will close at 102 we have a reversal sign also and the price will go up -Stoch is oversolded they need to push up -RSI 51 which is bullish -Macd is still going down but begin to curb upside and made a bullish divergence -We are sitting at BB support also and we have still room up until 118-121 sats which is our first target,second target we have at 145-153 sats -Soon binance and other exchange will announce hardfork support for SC -on 6H chart we have a nice double bottom which is also a reversal sign -We are above cloud resistence which also is bullish
Long
by CryptoRomaniaTD
6
Siacoin SC updateHi all, thanks for viewing. I thought I would post again update my previous post prediction SC will reach support at 0.0000077. That target was slightly overshot but held and we saw a reassuring impulse wave up. That small impulse wave is about to correct now due to: - Long upside wick indicating rejection of the bears / profit taking. - Wave 3 isn't the shortest - it met an almost exact 1:1 extension of wave 1. - Wave 5 exceeded the 1.618 wave 1 extension (which is a normal fib extension target - so it wasn't truncated (which would indicate weakness). It was actually the strongest of the 3 waves up). - BTC is also about IMHO about to correct ~ 5 - 10% before starting on a bull run (yes it is annoying when BTC is showing bullishness and alts drop and they also drop when BTC corrects. But the good news is they are much closer to being in phase recently). Caution: There was a small incursion of wave 4 wicks into the wave 1 territory on the 60 minute chart. I will accept that and don't believe that invalidates the impulse move as the incursion wasn't significant and was only short-lived. I can't give you a prediction on how deep the correction in SC will be - I suspect it will not be a deep correction and also I feel that this support will hold. In this post I put the retracement at 0.618 of the impulse move - which is purely speculative at this stage. If this small impulse wave turns out to be wave 1 in a new larger-degree impulse wave, then 0.00000113+ for wave 3 and 0.00000133 (+40%) is a reasonable target for the end of the impulse wave (without extensions) over the next couple of weeks. I hold (not a large amount) of SC and also mine SC (I don't liquidate my SC in order to pay mining costs but instead add to my holdings) and am medium term to long term bullish on SC because, is one of the few coins with revenue, and has solid use case (it has a chance to the disrupt cloud computing industry). Because of this I don't trade SC speculatively.
Long
by flyinkiwi10