SCBTC trade ideas
Could be worseStruggling to meet and keep 6 cents from all time high of 11 cents.
From 100 satoshi swings to 50 satoshi swings and a few sorry ass excuses for breakouts. Put away your cigar because as if now wallets are still busted and registrations to exchanges such as bittrex are suspended indefinitely.
In a nutshell:
Current exchange registrants leave chunks of SIA locked on the cloud.(how convenient perfect timing as value falls to shit)
Money is flowing out of sia into other alts by current registrants and no new money to fuel price action in SC/BTC
$SC remains a solid HODL. Bull Flag on Bull FlagExpecting another tick upward and flagging back down to long term support. Sia has done a great job of bringing this coin and tech back from the dead. They have a hardfork difficulty adjustment coming up which will keep it as a profitable coin to mine. They're also announcing some future upgrade by end of Q1 which will increase speed and add file sharing between users. Quickly becoming a viable company.
SC Great possibility Short TermAgain, MACD and RSI showing divergence in relation to price action.
We need to wait for confirmation. The price is now testing hard support. Breaking this support, we also roped the previous top, characterizing a possible change of direction. Could I say... a Pit Stop.
Coin request: SC still going strong!I won't comment too much on this one since most of the best traders on this platform have already shared their ideas about it and I agree that we haven't run out of steam yet.
This one was slumbering for a few months and just started it's uptrend in the past month. Accumulation was at the end of the red arc and that was the best entry point.
I have shown the minimum targets for SC with the green EW and in red are the optimum targets. Only the last leg up (wave 5) is uncertain in my mind and would greatly depend of course of wave 3.
This is a mid- to long term trade as you can see so a lot can still happen.
What I expect for the coming days and maybe week or so is some sideways action. Volume shows that most of the buyers haven't sold any of their position and could indicate that they are building up new steam to continue the uptrend of wave 3.
Happy trading!
