Long Siacoin/BTC Weekly bullish engulfing setup forming on Siacoin / BTC.
Lower time frames have switched to higher highs and higher lows so I am taking a swing trade up to the previous lower high from EoY 2018.
Risk for my stop below the low is 15%. And my target is 69% away leaving me with a 4.7 Risk/Reward ratio.
Our Weekly Slow Stochastic cycle is also rising and price has made it above the 8 EMA showing strength from the buyers.
As long as BTC doesn't tank I believe this setup will be quite profitable.
A trader wanting better confirmation can wait for the weekly close. Do note you will reduce the R/R a bit by potentially being further away from the stop loss.
SCBTC trade ideas
Is it Accumulation phase for SC/BTC ?Siacoin it seems didnt affected in satoshi value during bitcoin pump less than a week ago..
Forming a sideway movement all the way back from December 2018 until now..
From EMA lines :
i relate this chart from december until current time. 50 and 100 EMAs just flat without any converging with each other and 200 ema begin to approaching.. price action under 200 EMA considered still in bearish area.
volume relative stable for this low market coin. is it accumulation for some whale for pump??
From MACD :
seller momentum is decrease although the buyer and seller line move down ready to test 0 line.. still no clear signal of changing momentum.
From Stochastic :
stochastic in bottom level but it is not a clear as a it just stay in that level, as it didnt even want to try to move upside.
From RSI :
currently Still wandering around neutral side,
Support :
1# +- 60 satoshi
2# +- 45 satoshi
3# +- 20 satoshi
Resistance
1# +- 70 satoshi
2# +- 80 satoshi (200 EMA)
3# +- 115 satoshi
Please share your thought about this idea in comment section.
peace....
SC is sleeping at the moment and giving good price for enter .SC is looking in this range really nice buy to stack off u can play this coin to ways . To put some stop loss or to stack off more if it fall. It start climbing the mountain and soon or later it is going to pump. in next 100 days it seems u can double or triple ur money ether way no bank will give u same %. Always there is risk in trading remember that .Dont invest more than u can afford to loose .
Siacoin (SC) in Buy ZoneBuy #SC/#BTC at #BITTREX
Entry: 0.00000070 - 0.00000070
Current ask: 0.00000070
Target 1: 0.00000071 (1.43%)
Target 2: 0.00000074 (5.71%)
Target 3: 0.00000077 (10.00%)
Stop loss: 0.00000063 (10.00%)
Volume #SC: 167,750,284.11
Volume #BTC: 116.39
SHORT TERM (up to 7 days)
Risk: 4/5 (High)
Siacoin/BTC Early long entrySCBTC (*1000 to show appropriate price history on log scale).
SC has taken a real beating and been in a consistent downtrend since June alt season.
However he has formed a new accumulation zone above the long term volume core, and been sideways since november.
This has created a potential higher low.
Zooming in to lower TFs (use binance for that) you see the downward trajectory broken and buyers stepped in into the formation of a bull flag.
If he breaks north of this area in his usual violent fashion then I would take some profit around 130 satoshis.
Breaking below the march low 60 satoshis and heading further into the volume core would invalidate.
Breaking below 55 could see a long night for SC and he could later be found at the real volume core of 25 satoshis.
Good setup on SC!Holding solid support on the 50 Day MA, creating slightly higher lows on RSI, and Stochastics is trending up across the 20 mark. Bollinger Bands are getting tighter, which makes me think a break up is coming anytime. Overall, I think we will trend up even more in coming weeks, and at least touch the 200 Day MA. It has been almost a year since we have had an opportunity to cross and hold support here.
Happy Trading!
SCBTCSCBTC
Entonnoir : W/D/H4 (swing)
Enorme compression weekly.
Si on cloture au-dessus des 75 avec une belle bougie franche, je prendrai position à l'achat sur ce coin qui accumule maintenant depuis des mois au-dessus d'une énorme zone de S/R et se retrouve dans un range weekly de 15 sat !
—————
Funnel : W/D/H4 (swing)
Huge weekly compression here.
If the price close above 75 with a nice clean candle, I'll go long on this coin which is now accumulating for months right above a tick zone of S/R and is now stuck in a 15 sat range !
If You Don't Know What This Is... You're Not Doing It RightJust sayin'...
If you have stared at thousands of charts over the years, you have seen this time and time again. And the fact that there are very few people pointing it out... well... I'm just being generous pointing it out here because I finished accumulating it.
But, for those who actually clicked on this chart, here is a treat for you:
I do like me some Sia, shaken and stirred! 200-500% Ready UP!Guys, not a bear, accumulation phase! GET some SIA!!
This baby is ready to explode!!
Are you excited?! Are you ready, cause this going to be fun lol
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion