SCBTC trade ideas
SIA COIN (SC) - BTC (BITCOIN) (The "Failure" ??) / Hold or Sell?RULES:
1. always take full responsibility for the results yourself;
2. spread the risks, because spreading is making happy;
3. develop an investment method that is SMART;
4. develop its own vision on the functioning of the financial markets;
Well Siacoin has done good job for the investors from 7 december 2017 (.00000043 satoshi) until 20 january 2018 (.00000477 satoshi).
U could make a profit of 1100% within one month!
I am looking for which wave is going on know for the Sia Coin.. I think i have found strong points that says that it is in wave 5 and will make an failure....??
What means "failure"?
Elliot used the word "Failure" to describe a situation in which the fifth wave does not move beyond the end of the third.
For the long term i used the weekly chart. If wave 5 will be a "failure" then there there will be a correction...
But what if it not will be a failure?? Than wave 5 will be completed... Afther that?? There will be also an correction..
In short term there will be a correction??
So for my the question is where to sell? (i want to sell before there is a correction..)
Normally wave 4 may not be shorter than 50% of wave, except when there is a diagonal move then wave 4 can reach 0.618 of wave 3 (Golden ratio??!!)
When i zoomed in, i saw this picture.. So this made my prognose stronger that we are in wave 5 now...
Will wave 5 be a "failure"?? If so than it means that i have to step out, but where??
I think .418 satoshi is a good point for me to step out..
Sorry for my bad English.. Feel free to leave youre comment/analyse about youre opnion on Sia Coin... Will u Hold or Sell?
One generation passeth away, another generation cometh, but the earth abideth forever. The sun also ariseth, and the sun goeth down, and hasteth to his place where he arose.
The wind goeth toward the south, and turneth about unto the north; it whirleth about contunually, and the wind returneth again according to his circuits. All the rivers run into the sea; yet the sea is not full; unto the flow from whence the rivers come, thither they return again...
The thing that hat been, it is that which shall be; and that which is done is that which shall done; and there is no new thing under the sun..
Source: Elliot Wave Principle, Key to Market Behavior.
Bottom pickers get dirty fingers.While the bulls are still in town it is time to cash in profits. This rally from a false bottom will be brought back down to the long term lower trend line. Wait for true bottoming action to occur with low volatility and steadily increasing volume near the long term lower trend line and then build stock over time.
SIA COIN: NEW DEVELOPMENTS - 24 HOURS = 44.74% PROFIT !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 26nd of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 44.74% PROFIT!!! IN LESS THAN 24 HOURS!!!
The increase in price may also be explained by positive developments including:
6 March: Siacoin is trading on Bitbns (an Indian Exchange).
9 March: Ansible-role-sia tool is released. This allows you to run an unattended install of SiaTechHQ to a Linux server (this automates everything, including blockchain sync and wallet initialization).
15 March: Sia version 1.3.2 increasing download speeds, other improvements and other bug fixes.
23 April: Siafunds Tokenized Securities Offering (TSO) raises $1.5 million which are treated as financial securities. These securities have been filed with the SEC.
24 April: Bittrex (cryptocurrency exchange) adds Siacoin.
26 April: Upbit one of the largest cryptocurrency South Korean exchanges adds Siacoin.
Analysis using the "Crypto Bull/Bear" Signal, reveals a spike in trading which is consistent with a spike in demand as a result of the cryptocurrency's release o the Upbit and Bittrex.
Siacoin huge movement, will we make it above Trend Line?Coin of the day is Siacoin.
Sia is a decentralized data storage platform based on the blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the participants of the network to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers. The goal of the company is to provide a decentralized cloud storage option that competes with centralized legacy competitors such as DropBox, Amazon, Apple, and Microsoft. The project is aimed at the topical and rapidly developing niche.
Siacoin is often being criticized due to controversy about highly competitive niche with such leaders as Google and Amazon.
Nonetheless, worth noticing, that Sia Coin team supports project actively, even providing monthly reports on their blog.
Latest news: on 23 April Bittrex listed SCUSDT trading pair.
Technicals
The coin started to draw turnaround on 18.03.2018 at the 0.00000115 bottom and went into an upward pattern. On 13.04.2018 SCBTC broke above the 100-days EMA and 0.000002 level. Till today the coin was trading in a lateral corridor between 0.000002 and 0.0000025 levels. Today Siacoin broke above 0.0000025 level reaching 0.000028 level, getting close tot he Global Bearish Trend Line and 0.000003 level. A breakthrough above the Global Bearish Trend line would change the overall bias of the coin to an uptrend. 0.0000027 level serves as a short-term support of the bullish momentum and if the price will hold above this level and gain more volume - the breakthrough of the Bearish Trend Line could be seen in nearest time. Fall below the 0.0000025 level will cancel the bullish pattern.