SCBTC trade ideas
SCBTCSCBTC basically completed a 100% correction from January 4th. There are a few ways this can pan out.
"Great moments come from great opportunities." I have no idea if Herb Brooks actually said that to our boys before they took to the ice against the USSR in the 1980 Winter Olympics Ice Hockey Semi-Finals in Lake Placid, New York. Regardless, when Kurt Russell (playing as Herb Brooks) said the quote in the movie 'Miracle On Ice' I was so pumped up I could've ran through a brick wall.
If I had to pick two things I love the most in this world (besides my wife, obviously honey), it's THE US of A and a hot cup of JOE (The saying "Cup of Joe" came from the US Navy, when Admiral JOE Daniels banned alcohol on naval ships in 1914). We've got both of those things in this chart.
Our chart is showing a great cup and handle, but it needs some Herb Brooks-level motivation, or a swift kick from Admiral JOE.
SCBTC failed to breakout of the handle and has plunged to a 100% correction.
The 200D MA has recently formed, and is curling up to add support, but SCBTC must decide if it will run to the 200D MA or fend for itself until help arrives.
This is still the 'Semi-Finals', but it will be far more telling of the coins strength than the gold-medal round (Especially if we play the Fins again).
Watching this trade VERY closely.
Disclaimer: I know less than my 6 year old niece about trading. But I'm winning and she ain't.
Siacoin/BTC, Bittrex = Inexpensive & Promising Data StorageAs the market continues to show signs of bullish behavior, every (or most) crypto asset are showing positive signs of recovery. Today we'll focus on Siacoin (which just happens to be up 12.00%)
For this analysis I've chosen to look at the Elliot Wave structure and count as well as fib levels on current and past rallies. I'm also considering previous resistance and support markers. Where all of these things coincide or correlate, I usually set my own buys/sells.
As always, I recommend for every one to further expand their knowledge and do as much research as possible when investing. These are my own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts.
About Siacoin
Sia is reinventing cloud storage. Our technology connects users who need file storage with hosts worldwide offering underutilized hard drive capacity. Our blockchain technology secures their data and enables breakthrough economics for users and hosts.
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