SCBTC trade ideas
Possibility Of Siacoin.At the moment the price is below the descending triangle that was formed before. The TD sequential shows that the countdown has reached to the point where reversal is likely to happen. RSI also shows that SCBTC is oversold at the moment at 20. The long wick below the candle indicates that support came in as soon as the sell off took place. SCBTC will challenge the 50 EMA blue line first then 200 EMA line pink line afterwards. A failure to close above one of the lines on 4H chart could result in SCBTC falling again to support at 61.8 fibonacchi to test again. If the support is not strong enough then it will likely to fall to the stronger support line below. The big dotted red line is where you should put your stop loss in case you decide to buy in now (aggresive). I cannot see any figure so far than the previous one. On the other hand, bullish divergence is starting to form on the MACD, but there are still room for price downwards. The price is currently in the middle of the trend channel so it could be either way. Anyways, after some time we will be able to see a new figure forming to determine which direction to go.
Personally, I think a drop to 78.6 fibonacchi would be more likely but it is too early to tell. A retest to resistance line will probably happen.
SCBTC fortunes ahead
still bearish, looking for a breakout opportunity. Next breakout may set up a nice swing trade opportunity.
May have a nice breakout soon looking at macd and rsi. gaining support but likely a small breakout.
slight head and shoulders forming if SC can gain some traction. Volume looks great as of now though.
in the 4 hour chart, we see nice volume with prices testing support of the ema 50 (blue). We can see the crossover of the ema 50 and ema200 (yellow) which signaled a nice correction and set a nice support line (purple). Since then, however, we broke past that support line, and we're having trouble getting back over support. RSI alone is showing us a change in strength from the angles of the last 3 days it was oversold.
SC is still looking bearish, but you may be able to be profitable from the recent swings looking at the 30 minute chart. Once SC settles back over the ema 50, it's likely we see a massive breakout.
:)
SC/BTC Siacoin. Exclusive Update 4 U!Hello My Dear Supporters!
SC/BTC Daily Chart Analysis
Wow what a popular coin I have had so many messages asking for updates on this coin. Here it is!
It’s a crucial time for Siacoin and its traders as it approaches the apex of its Triangle. The key question is which way will it treat I’ll go with a 70% chance of breaking the bottom and heading further down. SC/BTC has Its EMAS lined up for uptrend with the 50EMA (Red Line) above the 200 EMa (Green Line) but price being below the 50 and on the 200 negates that.
As the triangle closes something must happen here. Most likely a break of the bottom of the triangle at 0.00000243. If that breaks and closes below we are most likely short and looking towards 0.00000115.
This can turn very quickly a break of the top of the triangle and close above the 50 EMA and we are bullish and may see quite an acceleration with the blue lines at 0.00000338 and 0.00000484 in play quickly.
We need to wait while price and the charts make this picture clearer for us, once it does there may be some great profits available here.
This analysis is to update you on this coin, not as a buy signal, if its the time to buy I will update this post so make sure you follow and I will ensure you don’t miss out on any profits here.
DollarsandSense looks forward to earning great profits with my loved supporters this year! Follow for more $$ in 2018!
Quote of the day
"The stock market is filled with individuals who know the price of everything, but the value of nothing." - Phillip Fisher
Another testament to the fact that investing without an education and research will ultimately lead to regrettable investment decisions. Research is much more than just listening to popular opinion.
TA on SIAcoinDid a TA on SIAcoin against BTC. Looks like its pretty bearish from the TA side of things. It broke support at 246 sats and might be heading towards next level support at 185 sats. Its moving below EMA and thats usually a bearish sign. However, one main reason is also because BTC is moving up fast so most alts are going down. But my best bet is to exit of SIAcoin and enter back to BTC just from TA perspective.
Downtrend channel with broken supportSCBTC is travelling in a downtrend channel.
After testing the trend line at 261 sat a few times, broke it and travelled quickly to down trend line of the channel.
Heavy oversold RSI and the trend line may give a push and we may expect a bounce to the now resistance at 261 sat.
If it broke the down trend line of the channel, next support is at 140 sat.
SC looking for a bottomSia has a great potential in Q1 2018 by releasing:
- File Contract Upgrade
- File Recovery System
- Simple File Sharing
It is still in downtrend, looking for a bottom at (blue lines)
Support 1: 200 sats
Support 2: 130 sats
Forming a falling wedge, which will confirm a reversal after bouncing from one of the support lines and breaking resistance (red).
+
- RSI going to oversold territory.
-
- MACD and RSI confirming downtrend
Green lines are targets
Target 0: 200 sats
Target 1: 260 sats
Target 2: 335 sats
Target 3: 400 sats
Target 4: 460 sats
Target 5: 550 sats
Target 6: 650 sats
Target 7: 1000 sats
Decision time? SC has been accumulating for a while now. Decision time is almost upon us. Currently we can see that the 200 EMA (red) is acting a strong support and 50 EMA (green) as a resistance. If we can successfully break above the 50EMA & the 50% resistance @ 300~~ sats we will see a massive uptrend that could hit previous highs. However, we could still fall below 200EMA & 38.2% support @247 sats and continue in a downtrend. However MACD looks like its ready to breakout upwards and RSI is nearing oversold conditions. With that being said I am leaning more bullish on SC, but will not enter until we get a confirmation.
Entry: Above 0.00000300
S/L: 0.00000247(38.2% support)
T1: 0.00000366 (22%)
T2: 0.00000453 (51%)
T3: 0.00000564 (88%)
High Risk
Remember, this is just a though so DO YOUR OWN RESEARCH
Cheers.