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SCBTC trade ideas

Siacoin analysis 04/16/18Hi guys, I am not an expert this is only my personal idea, I'm open to all criticism and advice! So looking at the 4 hour chart of HITBTC:SCBTC we see that on 03-24-18 siacoin broke out of the inverse head and shoulders pattern and begann its bullish trend. I have drawn the Elliott waves leading up to the current date which include the 12345 Elliott wave made out of the inverse head and shoulders, the ABCDE correction following the initial Elliott wave and a new Elliott wave which is forming at the moment. My current projection is for the Elliott wave to remain in the channel I have drawn and it has shown effective acting as a resistance for the third wave. Currently a rising wedge is forming which indicates an incoming downtrend. There was also a bearish MACD cross once again signalling for bears. If the price breaks down out of the rising wedge, I project for the new support (Resistance for 03-25-18) to act as the bottom for the 4th wave to drop down to. Another possibility is that the 200 EMA, which has shown to be used as a support and resistance for the coin in the past, will act for the bottom support of the 4th wave. Now we must wait to see what happens, thanks for viewing my analysis I will be posting updates as often as needed.
Short
by Zelma
SC strong bull continuesSC as I've been monitoring has been building a base at 150-160 for weeks and is now rising with the broader market. SC has an advantage that it's lost 88%, and is currently heavily oversold. SC will provide great profits as it returns to its old ATH somtime in Q3/Q4. Now is the time to enter this trade if you haven't as SC is still working through resistance beneath 200 sat. After this point, there is monthly resistance at 260-300 and I there will be a pullback once it hits this point. After this point, I expect a large surge in price as resistance is minimal until we reach TP1 at 400 sat and TP2 and 600 sat. After this we'll be pushing for ATH and will likely see a price spike once a new ATH is achieved.
Long
by Prothius187
Siacoin (SC) Can We Get 10x Again? (Over 340 Profits Potential)Siacoin (SC) is one of the most famous altcoins of all with low market cap., and has really good fundamentals. The development team is active and on top of the market starting to reverse now, there's news on the pipeline and a TSO launch for this project on the 16th April. Now, can we get 10x out of this coin? Here is the chart for 2017 after May: - The magenta line represents the two tops reached in 2017. We had two strong bull run for this coin last year. If we want to get 10x or more, Siacoin needs to break its all time high... This can take some time... In the meantime, let's focus on the profits. Let's look at the details for this trade. CHARTS, SIGNALS & INDICATORS Siacoin (SC) daily chart: - First notice how support is almost always found at the same breakout point that started the last bull run. Note this as this can be useful in the future for trading. When a top is reached and the big retrace starts, you can check for the last big breakout to buy in again into any coin and enjoy profits on the way up. The bottom reached this time was 121 satoshis, marked with a black dotted line. For the first bull run of 2017, the bottom was set at 48 satoshis. - Here you can see that the SMA20 (green line) is curving and soon crossing up the SMA50 (blue line) and SMA200 (brown) lines. This is a very bullish signal. On the 6 hours chart this signal has already been confirmed. - We can see the accumulation period marked by the positive divergence on the MACD and all the usual suspects. - Doji, reversal candle on the daily chart (yesterday). - Weekly chart looks very positive. - Siacoin (SC) looks good for a long term trade. - So what are you waiting? Let's trade! TRADE INSTRUCTIONS Buy-in: 0.00000160 - 0.00000220 Siacoin (SC) Targets: (1) 0.00000250 (2) 0.00000330 (3) 0.00000459 (4) 0.00000551 (5) 0.00000668 (6) 0.00000850 (2017 All time high) (7) 0.00001006 Stop loss: 0.00000084 Message: Look At The Sky I am looking up to go up. I am going up while looking up. Light blue, shades of gray. Vibrant yellow, orange and red. Look at the sky! It is beautiful... take your time... Please... look again! Namaste.
Long
by AlanSantana
148