SCBTC trade ideas
SCBTC Double bottom, RSI, ichi indicate growthThe price is in the ichi cloud and stoch RSI indicates oversold zone, so we expect the rebound from the support level and finishing of the double bottom formation. If the scenario confirms the next targets according to the Fib S6 will be 0.00000385, the rest targets you can see on the chart. Stop loss according to the Fib S6 will be 0.00000250
SCBTCSC makes a devilish move up to 668 shitoshi before coming back to reality at 282.
Considering BTC nearing the bottom of its channel and challenge of 10,000 I'm not expecting this to break upward.
Moving sideways between 343 and 500 this could retest upper trend line and I'm guessing to 282 once again.
Just an idea and I will be checking in tomorrow night as this should be moving by then.
Descending Triangle OR Falling Wedge?Im trying to see what POLONIEX:SCBTC is forming with its COINBASE:BTCUSD pair.
From the first pump, it looks like it could be a Descending Triangle, since the buyers are showing nice support at 0308. But we still need to watch the price action to see which side of the triangle the candle closes.
BUT I can also see this being an awkward looking falling wedge which would be a bullish continuation.
I am looking forward to seeing if we can hold support at the 0308 level.
At the moment, it looks like Bitcoin is going on a bull run up the price channel soon so maybe that will help kick start the sia bull run as well.
$CBTC Long Trading Targets: Playin' AroundJust having a play around with basic trend lines & support/resistance lines.
Tried to play out a trade.
Target 1&2 is sitting on a defined support line. Following new trendline.
Target 3 is placed at ATH level
MACD is indicating (late) a bull run supporting my theory.
Have I got anything wrong? What are your thoughts?
Possibilité d'achat pour sia/btcIl y a une possibilité d'achat pour sia/btc si un des deux supports est testés (316 et 357). La tendance est haussière sur le daily time frame donc la mouvement baissier n'est qu'une correction. Le niveau de retracement fibonacci 61,8% a été testé avec une très grosse force et il y a eu la formation d'un bullish engulfing pattern. Il y a un bullish harmonic bat pattern qui se complète a 305, il y a donc une bonne probabilité qu'on descent encore pour que le pattern se confirme. Si un des deux supports identifiés est testé on peut s'attendre à une monté jusqu'à l'extention 127,2% (800) (les targets court terme sont 475 et 600). La configuration devient invalide si il y a une brisure du support (315) sur le daily time frame.
Possibilité d'achat pour sia/btcIl y a une possibilité d'achat pour sia/btc si un des deux supports est testés (316 et 357). La tendance est haussière sur le daily time frame donc la mouvement baissier n'est qu'une correction. Le niveau de retracement fibonacci 61,8% a été testé avec une très grosse force et il y a eu la formation d'un bullish engulfing pattern. Si un des deux supports identifiés est testé on peut s'attendre à une monté jusqu'à l'extention 127,2% (800) (les targets court terme sont 475 et 600). La configuration devient invalide si il y a une brisure du support (315) sur le daily time frame.
$SC - Sia Coin - Not the time to buy
I have been a bag holder of $SC for some time, and have bought at different entries.
Some of my bags i sold with good profits, but i have also taken some small loses.
This is actually i project i kind of belief in FA-style, but they do have a lot of coins out there...
Anyway, i think it will defo go higher again, but right now it will probable touch down on 100-sats before that, imho.
I will buy again, but not right now... hope she won't jump on me :P
Pz
Siacoin (SC) vs BTC 4hr Chart UpdateA quick hi to all our followers on our Social Media and Telegram. We shall be posting occasional Technical Analysis and Charts for better understanding and support to some of our trades on TradingView.
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Siacoin has remained within the pennant during the BTC dip.
As long as SC keeps nice and strong, we should see a nice spike once it breaks out towards our 20% Profit Sell target of 0.00000496BTC.
Fundamentals: coinmarketcal.com
LONG Siacoin, lots of news coming and chart looks great!Hardfork coming end of january + coinburn coming. Target around 1000 sats
As you can see it dipped till the .786 fib level. It held here because on shorter timeframe 4h you can see that the 200dma came together with the fib level. This is where buyers jumped in because the 200 dma and .786 fib level are the lowest it may get in a uptrend. It may dip a bit but overal trend is bullish. HODL this one! One of the best crypto's ever
SC - When BTC Zigs, Siacoin also... ZigsUpdated chart from the one I posted a couple of days ago linked below. I'm not suggesting my original analysis won't play out, but now that we see a new possibility we must analyze where it could go.
I have redrawn the pitchfork, in the event SC drops below the new channel/trend line and adjusted the sat areas based on fibs. If this scenario plays out, the timeline will likely increase and may not see a re-test of the all time high until mid-late February.
If you have questions about specific sat ranges, see the chart. Aside from that I don't make buy/sell projections, only analysis.
See below for comparison of SC and BTC and see how they zig and zag together.