SCBTC trade ideas
SCBTCHERE IT IS !!!!
SC EMA20 is about to CROSS UP EMA200 indicating a possible uptrend of proportions.
When was it the last time it happened, well, look back a few years.
HOW TO ACT ON IT:
Use the DAILY chart.
After EMA20 crosses up EMA200 wait for the first DAILY green candle to close above EMA200 and BUY
Stop loss is EMA20 goes bellow EMA200
Take profit whenever EMA20 has a consistent downtrend trend toward EMA200.
Siacoin Can Do More (Short-Term Move Mapped)SCBTC (Siacoin) is now gaining momentum while moving higher and has room available for more.
Our next target is sitting at 39/40 satoshis before prices start to retrace... This price has already been hit on Binance, so we are likely to see the same happen here... Our next target is marked on the chart.
News updates
Sia Announces Skynet, the Storage Foundation for a Free Internet
"Nebulous, developers of the Sia network, has launched a content distribution and file sharing network
According to Nebulous CEO, Skynet offers lower storage costs and higher speed, and has advantages over both centralized solutions like Amazon Web Services and the InterPlanetary File System (IPFS)."
Source:
blog.sia.tech
www.theblockcrypto.com
sia.tech
Namaste.
Previous analysis | Jan 13, 2020 | SCBTC (+111%)
SCBTCIt is safe to say that Siacoin has formed an upward trend. At the moment the price may rise up to 36 by the residual impulse.
The safe zone looks like 26-30 after a short pause. The price may rise up to 60 without large pullbacks. I believe that at the moment this is one of the most promising assets for buying and it should be paid attention.
Accumulate SCI think SC (SiaCoin) is a nice coin to accumulate. It's listed on lots of well known exchanges, including Binance.
It's an active project, has been going through a nice shakeout period and is now being accumulated in the 20's range. Had a slight dip below to 16-18 sats, which reminds me of Doge, DGB, ... in the old days.
Imo, buy low 20 to high teens and just hold for a while. Will probably be an easy double when the time is right, and imo could run up to 80-100 if altcoins really kick off.
SC/BTC The level of the local minimum. Descending wedge. PointsThe price has reached a local minimum.
A cup . Descending wedge . Potential double bottom formation. (upward movement to the local maximum level of 27-30 satoshi)
Entrance
1) on a breakthrough or pullback after a breakdown of a downward line of a local trend (wedge resistance). You also need to understand that after a breakthrough, lateral movement may begin.
2) Above the level of 30 satosh if the price is fixed above this level.
Target
1) Downward wedge + 80%
2) If the price is fixed above 30 satoshi - the potential is 75-150% of this zone, or + 300% of the entrance now or at the beginning of the upward movement from the local minimum.
Stop loss
Under key support levels during your entry into the market.
Siacoin (SC) coin work. Pump coin. Pivot points.Entry points with minimal risk and maximum profit.
Strong development team.
The lowest price since the beginning of 2016!
Siacoin pump coin is very strongly merged. The coin is old since 2016. Pumping coins occurred on dozens of X (thousands of percent). Coin has a very strong development team.
Target shown on the chart are local, in the medium term. Coins can be pumped up hundreds of percent when the trend changes to an upward one. But, at the moment, the coin is in a downtrend. Therefore, it is preferable now to work with small local goals, which I showed on the chart.
The chart showed potential entry points with minimal risk and large profits.
1) entry point. If the price fixes above the resistance of the cup. First potential + 75%.
Stop Loss - under the cup support line (which is now the resistance of the cup).
2) entry point. If from these values the price drops to the previous support and the minimum price value of this trend, then entry into the market only with confirmation of support.
Stop Loss - under the support line.
Possible Siacoin RisePay attention to SC, when this goes up, if really goes up.... #notfinancialadvise Only risk what you can lose. Set your stops in case. Go 90 day for SC right now to reach maximum profit!
-Like if you agree, and comment if you see something different. I will be back in a week to update you on my estimations
BNM
scbtc longterm and midterm investment Analysishello our friends, we are giving this Analysis for swing traders and tell them a little bit about this coin.
so let's go (read till end and please follow us to give Energy to our team):
sc is a part of SIA project, Sia is a cloud storage platform like Google Drive and Dropbox.
Unlike many other coins or crypto projects, Sia didn’t start with an ICO or pre-mining. Still, to date, Nebulous Inc. has raised $1.25M in total funding. Prominent investors include Procyon Ventures, Raptor Group, Fenbushi Capital, and angel investors like Xiaolai Li.
The long-term goal of Sia is to compete with cloud storage platforms like Dropbox, Google Drive, and OneDrive. In the blockchain space, Sia’s direct competitors are Storj and MaidSafe, but Sia claims to be better with encryption and decentralization.
The developer’s community is confident that they are making a highly competent product and they don’t believe in mass marketing campaigns for promotion.
nowadays this altcoin, like other altcoins had a dump, however base on our analysis that we are going to share them with you, this altcoin have a really good potential and also for Long term invest, volatility of this coin is higher than it trades now.
In the daily TF, we can see that downtrend have been ended and it is growing in moment that lots of altcoin's cause of dumping in BTC are getting down, however its possible that upward trend slow down but its completely obvious that its in upward trend.
Indicators like Ichimoku gives us really good sign, however in Macd we can see that push up energy is already finished.
RSI confirm Macd to and shows us that have been over bought(sell signal).
But remember that for long term investments, momentum indicators are not the most important's.
ATR: this indicator is in 0.0000003 pip, so for mid term swingers we would suggest 0.0000009 pip SL down of their bought price and for long term swings better to put SL under lower Sup. line.
Volume: volume is showing us a really big move from Bulls, however and have not closed yet.
overall: For swing traders who wants to invest longterm, its really good alt coin for investing in this price and for midterm swingers, we would like to say that this coin is trading between res. and sup. lines , the downward is in check lists however its not going to be for much time and our Analysis team are agreed that this coin is going up in midterm.
caution: this Analysis is not for day traders and short term swings.
References: Fundamental parts have been written from Coinsutra.com
REMEMBER our motto, Acquirement the knowledge of this business, then design and Manner the strategy that works for you and Repeat it to be better trader.(AMRTrade)
Good luck