SCBTC trade ideas
SCBTC - Long SiacoinSiacoin has more or less been residing at its lowest ever BTC value. Recently there was a hardfork of the chain. This is still an active project and it is probably about as cheap as you will ever be able to buy it. We recently started upward movement after falling below support and popping back above it. Not promising a moonshot, but I just bought a bag. At this price even small movements are high % gains. (Warning, small moves down are also large % moves). Personally, I will probably just hold my bag even if it dips or crashes back down. It is a good enough project in my mind to justify it on a personal level at this price.
With newcomers coming into the market for this bullrun, it is only a matter of time before more and more are intrigued by the super low prices. (Unfortunately most people probably won't bother to even read what it is, but oh well)
And....they have freaking SKYNET!!! Lmao. Don't you want to bring about the end of days with me? (Disclaimer: Totally different Skynet than Terminator SKynet)
If unfamiliar, read into what they are doing and what Siacoin is, it is actually pretty interesting and I can see an actual real world use for it.
Disclaimer: I am not a financial advisor or professional. I'm merely sharing my thoughts. Trade at your own risk. Don't trade what you aren't willing to lose. Happy Trading!
Siacoin BTC Ratio Reversal (Long Term)An interesting take on the Siacoin SC/BTC ratio and fractals:
Siacoin is fundamentally a good project with a talented dev team and one of the few coins I like with a use case other than a currency (decentralized cloud storage).
Technicals
Yearly BBands on the daily have tightened to the point that volatility on long time frame is low. BBands opening signals the start of ratio increasing.
MACD on the weekly shows bullish diverg SC/BTCence and that a reversal is imminent
SCBTC fast approaching 4/1 Gann Fan Level
Weekly EMAs are quickly converging signaling future bullish momentum
Repeating fractal patterns from previous cycles show that the SCBTC ratio has the potential to increase in a parabolic fashion
Siacoin has historically rallied up towards June (refer to previous 2 cycles)
SC/BTC Targets
Target 1: +-0.00000180
Target 2: +-0.00000330
Target 3: +-0.00000470
Target 4: +-0.00000828
Siacoin. It is time to go to the moon?Siacoin has entered a massive accumulation range for the last 2 years around 15 - 30 satoshis.
What are the next targets?
- 45, 75, 100 satoshis are short term targets.
- 200, 400, 600 satoshis are long term targets.
DYOR and good luck with your trades.
Namaste.
Can we expect this?Hello traders and/or HODLers,
I can see very similar pattern to 2017 (just little bit shrinked due to BTC high value).
It is all happening again..BTC run, ETH run.. more alts will follow and low sat alts like SC will dominate! Even useless meme coin like DOGE jumped a little bit (just a small "woof!"). Sia can easily reach 100,200,300.. sat when bullrun starts. Just don't panic sell and HODL! It is the same like BTC - you just need strong hands and believe in it and boom! you are at 2x previous ATH.
Some trash "crypto" like XRP for example will die to make amazing utility coins like SC stronger.
Njoy the ride and feel free to send me some small SC tip once you buy your first five lambos or whatever.. ;) Cya at Maldives!
SC address: ba0d9880276f2e37ae8dc67d1922f1f9908b893e34eb3be174cce51a915c116fdbabce329cac
(not financial advice)
The only rational way is up!Hello, I decided to not draw any crazy lines, trends, moons or anything like that etc. I am sharing only long term view at SCBTC chart to see that SC cannot go much lower and with upcoming news, partnership, application and adoption I see only one way - up! (well, if BTC will go straigt to 100K than maybe we can dip a little bit lower).
I invest in SC because I believe it! If you do a little research, maybe you will start belive as well as Sia, Skynet, SkyDB is amazing and very similar to the King BTC (just in different area of application). There are plenty amazing things happening in the background and also plenty open doors with oportunities to be build on top of Sia. Adoption just needs time (it was the same with TV, Internet and other things which are very comon today). Altcoin market is very wide and full of scams, but Sia definitely is NOT one of that. Sia team is working hard with focus on their vision, roadmap and real world application and marketing was almost ignored during the develepment period. This may change soon as new marketing person was hired into the Sia team. SC is not only good investment (value will increase with adoption) but it is also great utility coin as it gives you very cheap way to store you data in fully decentralized way, stream your movies directly to TV or other devices or build decentralized internet => WIN-WIN.
check sia.tech, siastream.tech, siasky.net ...
Not an financial advice.
Bottom Feeder Trade off momentum and market structure.*Entertainment Purposes Only, not trade advice. DYOR
I really like the story behind this coin. Consistently in top 100 cryptos. On multiple exchanges. It does have a lot of outstanding coins though.
Reasons for trade:
Location it is between .618-.786 and at .786 off two different fibs (double entry zones) from most recent highs. It's near the bottom of its range from 4/2019.
To the upside, there are a lot of gaps, wicks, and huge potential.
It looks like an unconfirmed W might becoming in price action right in the entry zone, double powerful.
It has a couple MACD divergences, one of them confirmed. Most recently, MACD and Price converge.
There is volume starting to come in. Like the green bar action.
Multiple moving average confluence.
Willy has a cross and is coming out of oversold.
OBV crossed the EMA.
And there is market structure in the indicators: OBV, MACD, and Willy, and PA has a potential W brewing.
Double dojis on daily.
There is "saucer bottom" action for over a year.
Trade Entry:
Took fib off recent candle body (even though it hasn't closed) will try to sneak in a little pull back at 26 sats. Less than .05% of capital.
Profit Target: 52 Sats at a double, sell half my position. Potentially feed the market at parking garage locations drawn from fib extension if PA W confirms.
Risk: Willing to risk to zero.
BITTREX:SCBTC