SCBTC trade ideas
SCBTC Siacoin BITTREX, breakout soonSiacoin held pretty well during the correction, with the 0.00000250 area working well as support, which was the previous high on Dec. We're still within a downtrend channel, however we can see some bullish signals in our 4hr chart.
We have a bullish divergence in our MACD with three higher lows. There is this huge triangle, which is a continuation pattern. If we break out to the upside, we could have a confirmation of the breakout with the price bouncing of the top purple line. We can have a price target at 0.0000075, that being the target from our huge flag, matching our 1.272 fib number, being at the same area of our previous highest point.
Daily chart:
SCBTC Grab a 20% each step with a final 80% + Profit !!!SCBTC on Bittrex
Buying ZONE - 240 to 275
Tp1 - 460 to 480
What I do is simple to kill the Risk !!
I will lock every 20% of gain with a stop loss once it reaches the 35%, 55% & 75% and keep going up if you can !
Please Lock every 20% of gain !!
Good Luck Guys !
SC and my long term idea.BITTREX:SCBTC
Although I entered SC a couple of days ago, I wanted share my idea with you.
Possible small retracements but I dont see a major fall since SC is doing a nice 61.8% FIB retracement. With that been said, I am lead to think we are in the 3rd EW and probably the longest one.
Entry around 300s
HOLD IT ENTIRE 2018 :)
Updates in the future.
This is not intended to give a financial advice but an educated opinion
Enjoy.
here are my feelings about the past weekSo #siacoin had some pretty bullish signals going on for it. A nice doji formed while oversold price 240 satoshi which did close @245. This kick started a nice little trend upward from a downward staircase but it only managed to meet 330 tops. And that's all good and well its better than nothing but I had 340 in mind therefore i fell 10 satoshi short of my target price.
Currently it fell out of my main bullish channel line and dipped right back into support reserves just under 280 forming another cross which does in fact indicate a reversal. I feel as though 3OO may not be much to ask for as it climbs its way back to the top on the rsi . It's important that we don't get fearful and panic sell or panic buy I did break those habits. Unfortunately though, I may have a new vice which is greed. Find an entry, find an exit, take profit,and it should be as simple as that but my greed always keeps me attached to wanting more.
In other news, bitcoin is on its deathbed shitting itself. Personally I don't follow bitcoin anymore, I left as soon as mainstream media started telling me to buy. What I do know for sure is it does influence the market and if it doesn't recover it follow to number 2 on the coin marketcap switching places with ethereum. Bitcoin is just washed up in my opinion and when it starts to affect how much money I make I begin to take it personal. Outside of that I don't have much more to add.
We are looking forward to great double bottom Opp!We are heading towards the double bottom support,
which will be a strong bullish indicator if it holds up.
I will hodl my stock for now due to uncertainty.
If 283sat support breaks we may see a much further
retrace but I do not see that as a likely thing to happen.
Share your ideas!