SCBTC trade ideas
Currently in Siacoin capitulation zoneTA:
RSI downtrend broken
9MA nearing 18MA for upward cross
Currently in low historical region
*If BTC falls SC will quickly follow
FA:
Siacoin is one of the few projects I've come across with weekly updates and a service that is constantly evolving for the better.
SCBTC - Break channel downSIA already break channel down, but still not perform any pattern.
We can set new buy position here with target 153% profit projection at 232.
but careful, if 1st support at 72 break down again, SIA will drop to second support at 48
SCBTCHi friends, welcome to fresh price update SCBTC one day chat, price is facing resisitance both resistance level and 20 moving average that is near 96 to 100 sat if cross this level price will face resisitance at downtrend line and further face resistance levels in green lines, if we talk about support level 70 sat is a great price support where price showing a reversal at present maximum price will hold this support. RSI is hiting downtrendline in green if croos we will see a good movement in price oveall RS Iis indicating bullish sign here.
A good example of working with wave theoryThis chart clearly outlines two options for the development of the pair.
Sia Support zone reachedI published a TA on SC a few weeks ago predicting a 1:1 wave C extension at least. That happened, but as you can see it overshot 1:1 slightly. So that prompted me to search for other support levels.
SC is currently doing a small bounce. Time will tell if that is the foundation of more stable growth. But it has reached some key levels:
- It bounced right on reaching the 2.618 fib extension of wave i (of wave C), This fib extension was deleted to remove clutter.
- The above level was also co-located with a 1.618 of the first wave (of the fifth wave in wave C) level.
I would call this as a reasonable and plausible support level for SC. Now if only people would stop capitulating :) Time will tell.
Sorry, no up-side targets as yet. I will be watching for a definitive bounce given that SC is on sale.
Disclaimer: I own and also mine SC. I think, given the tentative stability of BTC I am looking to add more SC if support holds.
SC-BTC golden opportunity is coming strong support has been broken.
Siacoin is famous for 90-100% retracement
we should expect it to drop more and to 40-50 range satoshi
This is not the time to buy alts but wait for them to drop massively.
if you trade coins with only bullish mind , you will be burnt.
Always use the eye of third party who don't buy or sell the coin to look at the chart :)).
Note: this post is for discussion only, not financial advise
SC - Elliott Wave - 800% targetSC - Elliott Wave - 800% target
i. Fall to 20 - 40 sts. The last wave of Siacoin was formed, it continued to reduce 5 main waves to reach the bottom zone of 19 to 21 ?satoshi. We will put our EP price at 20 satoshi. If we break this one we will buy Siacoin at less than 10 satoshi
ii. Up to 175 - 220 sts - where we will take Profit at 215 satoshi, (800% profit). Break out points do not break the uptrend we will reset EP to advance to Target.
iii. Target price is 434 sts - 531 sts. In this zone we will put the whole sale if you have been in the EP in the area. After this zone SC will likely return to downtrend.
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will siacoin reach all time down soon?i believe sia will still droppe and it could reach the all time down soon
Bounce Off Support, Trade Sideways Until The End Of SeptSC has been in a downward trend for a while now, looking to hug this support line & Healthely trade sideways before our next leg up
SC Siacoin last drop before big bull break (hopefully)Hello All,
My first crypto post :) Due to the market down-turn a lot of people are (including me) are awaiting signs of a strong recovery before diving in again. BTC is showing everyone that when it goes up it can do so with some real conviction.
After the swing high in January 2018, SC has been in an ABC correction. It is showing none of the recent bullish behaviour of BTC. Wave A was quite strong and reflected the sharp drop in the market at the time. Wave C is not looking like it will make a 1:1 wave A extension due to the slope of the wave is much shallower and the sub-waves smaller. I would extect wave C to make somewhere between a 0.618 wave extension and the 1.618 sub-wave 1 of wave C extension (green box). It may get there, it may overshoot, or it may fall short. Let's see what happens.
Everyone has been feeling the pain of the past few months. Remember to keep a close eye on things, do your own research, and lock in profits along the way.
Disclaimer: I own and mine SC. I normally have a disclaimer about how my published analysis is 100% technical and 0% fundamental,however, my decision to buy an mine SC was made primarily on fundamental analysis (use case, developer progress etc) although I haven't been following any recent news from SC.
Siacoin - what will happen next? So, what will happen to SC?
I'll tell you my point of view: I see 3 waves here, and each roll was exactly at 61.8 Fibo previous. Starting from this, within a month I expect a new wave: first growth to 0.00000172, a small pullback to 0.00000140, and an output of 0.00000242.
I also add that until the end of the month, SC expects quite significant news - Microchain Based Code:)
