SCBTC trade ideas
Siacoin fractalSiacoin is in a correction. Looks pretty the same as the last cycle. Investor EMA are expanding toward a bearish bias. Based on fractal, we are entering the last cycle of the correction. I will build a long position around 0.00000060-0.00000050, where the volume profile is showing a strong buy zone.
Siacoin: having a hard timeShort way to describe Sia is 'dropbox on the blockchain'. Sia has been around since 2015 and allthough the idea sounds pretty cool and the solution is live for quite some time now, getting it adopted is still a huge challenge. User statistics are pretty poor and there are many complaints on various discussion boards about setup troubles.
From a technical view I have really zoomed out here to the weekly chart. It doesn't look too nice. Allthough we have some sort of uptrend supportline, it is still well below current price. Price painted a lower high early january. On the way down it broke horizontal support and is currently at 78,6 Fibonacci supportlevel, which isn't the strongest fib level. Unless another altseason starts on short notice and traders go nuts for low priced alts again, Sia will most likely fall below 100 sats once more and could even go towards 50/60 sats.
SIACOIN AT 78,6% FIB LEVELTHIS IS NICE BUY ZONE IF IT BOUNCE, THE PRICE IS IN PARAREL CHANNEL WITH PRICE CONTRACTION, THIS HAVE TO BREAK THE 161 SAT TO BREAK THE FIRST CHANNEL AND NEXT IN 215 SAT TO CONFIRM THE CUP&HANDLE
MY OBJECTIVE OF CUP&HANDLE IS 600+ SATOSHIS SO LETS BUY AND HOLD WAITING THE CONFIRMATION OF THE CHANNEL BREAKED
HAVE A NICE TRADE!
SCBTCIn my opinion this coin is making its way back to the bottom, I would not recommend buying until next season's alt madness.
Spikes, if any, will be temporary - avoid or get burnt.
Siacoin - Approaching consolidation zone Those who believe in SC can start buying within 10 SATS range from current level. However consolidation may take longer. Expect to spend a week / two before 25-40% bounce. We will still sell SC on bounce based on our last call if it does bounce. So its a two way play now
Siacoin ($SC/$BTC) Price Action Soon?I have no idea what will happen next to Siacoin so just put neutral for this. Base on STOCH RSI, we can see Siacoin already bottom out for long time. ASIC mining also a part of price consideration for Siacoin. Good thing is more market exposure but the supply increases rapidly. DYOR and trade with both line.
SC, the sister of DGB is ready to break falling wedgeSC & DGB they are siblings. Last time sister increased more, this time DGB will but both will rise.
Volume spike is the hint.
I smell alt party
siacoin within next 3 monthsiacoin short next 3 month
after MAY 2018 i think will see strong bullish trend
SCBTC - Selling on Pullback to 20 DMA / Red ZoneSELL SCBTC
- Sell on Pullback Red Zone
- Sell on Pullback to 20 DMA
Take Profit @ 139 SATS
if breached with force, next Target 50 SATS
Is it worth holding SiaCoin now? Possible C&H breakout!Namaste :)
Hello everyone, Today i would like share my idea of a Cup and handle forming on the daily chart.
Targets are shown on the chart and lets hope to break ATH of 837 satoshi on the way to the moon.
Entry : 180-200 Sats
Target 1: 395 sats
Target 2: 460 sats
Target 3: 639 sats
Target 4: 800 sats
ATH: 837 sats
Let our prayers take the charts where we want it, as it is highly unpredictable generally, Anything can happen! be prepared always!
Thank you all.
Siacoin - 02/03/18After taking profits from NXS at 45000 sats, I have moved those profits to Siacoin as it looks quite bullish at the moment.
The break out from the downtrend channel has occurred and retested as support.
SC - Robust Support?Thoughts
- Currently in a strong support area
- Far from breaking the 1HR trend line (From this we are still bearish)
- In terms of the global fib, hovering around the 0.236 which coincidentally lands on the local 0.383 Fib.
- It is possible that it drops down to test the local 0.236 Fib
- It is also possible that it heads up to test the trend line and the local 0.5 Fib
- In my opinion, I don't generally like hovering around support, this often ends up bearish
- EMA (200 and 50) are far apart, expecting a test of the 50EMA before the test of the trend line
- SC has a lot of work to do before the trend reverses
- But as always, tight stops are required.
- Long - stop loss @ 180
- Short - stop loss @ 235
