Smoking Chicken Fish Bottom Smoking Chicken Fish has just stop hunted its all time lows . This could be a bottom for this coin . It needs to hold above the white line
SCFUSDT trade ideas
SCF/USDTI bring to you the smoking chicken fish. Large harmonic structure that is now bullishly engulfing at the basement... I think its salient to strategize a long position here with minimal downside risk with outsized rewards.
Enjoy : )
#SCF : MEDIUM LONG TERM ENTRYi have an important support area between 0.040 and 0.019.
as long as we stay within that price range over the next weeks, the current bearish movement will remain healthy.
i see a possible change in structure from bearish to bullish between december and january.
🎯 first target: 80%
🎯 second target: 132%
🎯 third target: between 240% and 280%
this does not include the compounded interest from taking partial profits and reentries within the upward trend.
$SCF almost ready for the good good bust. Quick pullback firstChurch of the Smoking Chicken Fish is one of my highest conviction picks for this Cycle. It recently busted out of a down trend pattern and is retracing to what I expect to be the .236 fib.
I am betting on coins with a big cult following this cycle, and this one has one of the lowest market caps of the group I am looking at. Once it gets listed on CEX's available to more users it should go cray cray. NFA
www.tradingview.com
DIEGO GUZMAN DE ABC TRADERS Y LA IGLESIA DEL POLLO AHUMADOBoth Diego, founder of ABC TRADERS, has shaken the cryptocurrency world once again, but this time it's not about Bitcoin or Ethereum—it’s about meme coins. In a recent essay, we revealed that due to rising geopolitical tensions, he has drastically reduced his meme coin portfolio. Surprisingly, the only meme coin he has kept is :SCF (Smoking Chicken Fish). What makes :SCF special, and why is he betting on this little-known token?
Diego's Move
The decision to sell most of his meme coins is noteworthy, especially given the overall volatility of the cryptocurrency market amidst geopolitical tensions. Following Iran’s missile attack on Israel, Hayes expressed concerns about the potential for significant losses in an already uncertain market. His strategic reduction underscores the unpredictability of how crypto assets, especially meme coins, will respond to global conflicts.
However, in a surprising move, he held onto :SCF, a relatively obscure meme coin, signaling his belief in its long-term potential despite the market's inherent volatility. According to Diego, *"The only meme coin I currently hold is 'Church of Smoking Chicken Fish (SCF).”* This vote of confidence suggests that there might be something fundamentally unique about :SCF that sets it apart from other meme coins.
What is :SCF (Church of Smoking Chicken Fish)?
:SCF is one of the latest meme coins to capture attention, blending humor and speculation in a way that appeals to retail traders looking for explosive growth. Meme coins have been an exciting subset of the cryptocurrency space, characterized by high risk and high reward. While many of these tokens fail after the initial hype, :SCF has gained an unusual level of attention, especially with a high-profile investor like Hayes, CO-FOUNDER OF BITMEX, keeping it in his portfolio.
Technical Outlook for :SCF: What the Charts Say
On the technical front, :SCF is showing signs of consolidation, currently trading at $0.1011, down from its all-time high of $0.14. With an RSI of 44, the token is not yet in oversold territory but is dangerously close to testing key support levels.
The token is testing its only real resistance level at $0.1019. A breakout above this level could indicate "blue skies" ahead, suggesting significant upside potential.
On the downside, :SCF has a critical support level at $0.1011. If the token fails to hold this level, further declines could occur. However, if it holds, MIL:SCF could consolidate and build momentum for another bullish push.
While currently trading 8% lower, :SCF has been consolidating within a channel, a typical pattern observed before a potential breakout. Both traders and investors will be closely watching to see if :SCF can break through its resistance and stage a comeback rally.
Volatility and Market Sentiment
Like many meme coins, :SCF is subject to significant volatility. However, the continued support of the community, combined with Hayes’ public endorsement, adds a layer of bullish sentiment that could spark renewed interest in the token. Additionally, Arthur Hayes' ongoing investment in presale tokens and less-liquid meme coins through his company, Maelstrom**, indicates that he is positioning for future opportunities while maintaining a strategic position in SCF.
Why Hayes and I Chose :SCF Over Other Meme Coins
While Hayes has not fully disclosed his reasoning for preferring :SCF, several factors likely influenced the decision:
1. Low Risk, High Reward Potential: Given :SCF's relatively low price and market cap compared to larger tokens, the upside potential may far outweigh the risk.
2. Limited Downside: With :SCF already down 8%, the token could be near its floor, making it a strategic hold during volatile periods.
3. Community and Meme Culture: Meme coins like :SCF thrive on community-driven hype. As one of the very few meme coins in my portfolio this week, :SCF could benefit from renewed attention following its endorsement.
The Bigger Picture: A Strategic Play in a Volatile Market
Arthur Hayes’ decision to reduce his exposure to meme coins while retaining :SCF reflects a broader trend among cryptocurrency investors: shifting toward safer, more predictable assets in times of uncertainty. However, by holding onto :SCF, Hayes is also betting on the continued popularity of meme coins, which have shown remarkable resilience in previous market cycles.
While the long-term growth prospects for Bitcoin remain intact, Hayes acknowledges the high volatility of meme coins and the potential collapse of weaker projects. By choosing :SCF, he positions himself in a way that limits risk while keeping a foothold in the meme coin market, which could offer explosive gains during the next bull run.
Conclusion: Will :SCF Soar or Sink?
:SCF is at a critical juncture. With Arthur Hayes backing it, the coin has the potential to gain significant traction. However, it remains to be seen if it can break its key resistance level and return to its all-time highs. For now, :SCF offers a high-risk, high-reward bet that appeals to both speculative traders and meme coin enthusiasts. This is why I stand firm and committed to this with conviction! Success ahead!
Arthur Hayes and the Church of Smoking Chicken Fish: A Deep DiveArthur Hayes, co-founder and former CEO of BitMEX, has once again shaken up the crypto world, but this time it’s not about Bitcoin or Ethereum—it’s about meme coins. In a recent essay, Hayes revealed that due to escalating geopolitical tensions, he has drastically reduced his meme coin portfolio. Remarkably, the only meme coin he’s held onto is MIL:SCF (Church of Smoking Chicken Fish). What makes MIL:SCF special, and why is Hayes betting on this under-the-radar token?
Arthur Hayes' Move
Hayes’ decision to sell off most of his meme coins is notable, especially in light of the broader cryptocurrency market's volatility amid geopolitical tensions. Following Iran’s missile attack on Israel, Hayes expressed concerns about the potential for major losses in an already uncertain market. His strategic reduction highlights the unpredictability of how crypto assets, especially meme coins, will respond to global conflicts.
However, in a surprising move, he held on to MIL:SCF , a relatively obscure meme coin, signaling his belief in its long-term potential despite the market's inherent volatility. According to Hayes, The only meme coin I currently have is "Church of Smoking Chicken Fish (SCF)." This vote of confidence suggests that there might be something fundamentally unique about MIL:SCF that sets it apart from other meme coins.
What is MIL:SCF (Church of Smoking Chicken Fish)?
MIL:SCF is one of the latest meme coins to capture attention, blending humor and speculation in a way that appeals to retail traders looking for explosive growth. Meme coins have been an exciting subset of the cryptocurrency space, characterized by high risk and high reward. While many such tokens fizzle out after initial hype, MIL:SCF has garnered an unusual level of attention, especially with a high-profile investor like Hayes keeping it in his portfolio.
The Technical Outlook for MIL:SCF : What the Charts Say
On the technical front, MIL:SCF is showing signs of consolidating, as it currently trades at $0.1011, down from its all-time high of $0.14. With an RSI of 44, the token is not yet in oversold territory but is dangerously close to testing key support levels.
The token is testing its only real resistance level at $0.1019. A breakout above this level could signal "blue skies" ahead, suggesting significant potential upside.
On the downside, MIL:SCF has a key support level at $0.1011. If the token fails to hold this level, further declines could occur. However, should it hold, MIL:SCF could consolidate and build momentum for another push upward.
While currently trading 8% down, MIL:SCF has been consolidating within a channel, which is a typical pattern seen before a potential breakout. Traders and investors alike will be watching closely to see whether MIL:SCF can breach its resistance and stage a comeback rally.
Volatility and Market Sentiment
Like many meme coins, MIL:SCF is subject to significant volatility. However, the ongoing community support, combined with Hayes' public backing, adds a layer of bullish sentiment that could drive renewed interest in the token. Additionally, Arthur Hayes' continued investment in pre-sale tokens and less liquid meme coins through his firm Maelstrom** indicates that he's positioning himself for future opportunities while holding a strategic position in $SCF.
Why Hayes Chose MIL:SCF Over Other Meme Coins
While Hayes hasn't disclosed the full reasoning behind his preference for MIL:SCF , we can infer several factors that may have influenced his decision:
1. Low Risk, High Reward Potential: Given MIL:SCF ’s relatively low price and market cap compared to larger tokens, the potential upside may far outweigh the risk for Hayes.
2. Limited Downside: With MIL:SCF already down 8%, the token could be close to its floor, making it a strategic hold during volatile periods.
3. Community and Meme Culture* Meme coins like MIL:SCF thrive on community-driven hype. As the only meme coin in Hayes' portfolio, MIL:SCF could benefit from renewed attention following his endorsement.
The Bigger Picture: A Strategic Play in a Volatile Market
Arthur Hayes' decision to reduce his meme coin exposure while retaining MIL:SCF reflects a broader trend among crypto investors—moving towards safer, more predictable assets during times of uncertainty. However, by holding MIL:SCF , Hayes is also betting on the continued popularity of meme coins, which have shown remarkable resilience in past market cycles.
While Bitcoin’s long-term growth prospects remain intact, Hayes acknowledges the high volatility of meme coins and the potential collapse of weaker projects. By choosing MIL:SCF , he’s positioning himself in a way that limits risk while still keeping a foot in the meme coin market, which could offer explosive gains during the next bull run.
Conclusion: Will MIL:SCF Break Out or Fade Away?
MIL:SCF is at a critical juncture. With Arthur Hayes standing behind it, the coin has the potential to gain significant traction. However, whether it can break through its key resistance level and return to its all-time highs remains to be seen. For now, MIL:SCF offers a high-risk, high-reward play that appeals to both speculative traders and meme coin enthusiasts.
