SC - closer look at this AWESOME breakout potential!I recently talked about the potential of the tech, here's a look at this amazing chart.
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SCPERP trade ideas
SC - breakout coming?Maybe, is T2 finally recovering?
A little about SC...
Sia is the leading decentralized cloud storage platform. No signups, no servers, no trusted third parties. Sia leverages blockchain technology to create a data storage marketplace that is more robust and more affordable than traditional cloud storage providers.
Distributed storage will be a key component to a fault-tolerant blockchain ecosystem. Sia is the only fully-decentralized product in this space with a thoughtful design and clear product path.
Siacoin scores another HUGE feather in their cap with an experienced advisor: James Prestwich a founder at Summa, a blockchain interoperability and cross-chain communication company. Formerly, he was a founder at Storj; an open-source project building decentralized, secure, and efficient cloud storage service.
Unlike other cryptocurrencies that require proof of work or proof of stake, Sia implements proof of storage to protect clients from fraudulent or malicious providers.
Sia’s investors include Raptor, First Star Ventures, Fenbushi Capital, and INBlockchain.
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Which coins to buy? If you want to understand the functionality and effectiveness of each coin, please let me know!
Please message me for the top altcoins each week- track my success
Please message me for information on the latest (ICOs) Initial Coin Offerings; How to buy altcoins before they are tradable.
BTFD!Well my original SC buys are under water with SC taking the mother of all dumps as a result of the recent BTC price action. Creating one hell of a dip to buy! I have more than doubled down on my original (underwater!) investment here, at 41 sats.
SC has fallen all the way down to 78% all time fib, 78% recent impulse fib, and an all time strong horizontal support. Looking back (left side) at the last time we took a fall like this, it rebounded to the $0.03 area (100%+ from current price). So in simple terms... SC is a long at this point!
Market cap currently ~$750m.
Position 97 on CoinMarketCap. (SC was a top 20 coin once upon a time!)
Plenty of upside potential here for an active project, with active products, even just returning to a fraction of its prior highs (USD or BTC)
On the very short time frames, we seem to be forming a little wycoff accumulation box. So we should head to the top of that box, before pulling back either to the 50% level; or if BTC retests the $30k lows again; that'll create a form of spring for SC at the bottom of the box again. Personally i'll be looking to sell near the top of the box 52-55sats, and re-long the following dip.
Once we eventually break out of that box, and at the same time, the larger falling wedge we're in (against BTC). This should push up to the 60-70sat area. But there's a lot of volume there; so it will likely take several goes to get through it. (Likely creating good range bound trading opportunities for a little while)
I'll update my thoughts thereafter. I still have high hopes for this coin later this year -- but let's just ride the bounce / reversion to the mean first. Then we'll try to road-map the rest!
Historical Comparison: SIA to 0.006 USDI see it falling down to 0.006 - 0.005 USD based on the previous runs.
1. +3300% followed by -85% in Mai-Sep 2017
2. +3200% followed by -91% in Nov 2017 - March 2018
3. +230% followed by -93% in April 2017 - End of 2018
Now +2230% followed by maybe -90% will lead us to about 0.006 USD.
But who knows, right? It might play the pattern we had in September 2017 which saw a giant boost a month after the fall.
SC; another deeper look, moon cancelled?? wtf is happening?? hmm
k i went deep here guys. took a look at the coinmarketcap chart which can be good sometimes to spot big macro trends.
coinmarketcap.com
put it on all time and log. what do you see?
see there are two macro fractals as i see it now. the obvious one which ive been focusing on and the sneaky not so great one.
prob some heavy bias coming into play there too.
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white or red (pinky red wtf it is)
two options. use your stops accordingly.
this will be the last SIACOIN analysis until the price action shows us which option is to unfold.
glhf
SC : SIACOIN ; i can do this all day long babySC : SIACOIN ; i can do this all day long baby
60x from here??? @@ wtf gtfoh
Ajusted the fractal to fit this last dump. Again I don't think I did have the right place. The fact we broke out of rising wedge or wtf you want to call it isn't good imo.
if this plays out ill buy you all icecreams.
i supply the hopium, you supply the bids.
x
Sia coin breaks out of a tight range on high volumeSia provides secure pier to pier cloud-based data storage utilizing blockchain technology. Data is secured via encryption and accessible via multiple competing nodes, distributed around the globe, each hosting a copy of your data. The cost is 1/20th of what Amazon Cloud Storage charges and uninterrupted access is guaranteed with multiple nodes around the world competing to store and serve your data.
SC/USD is in a clear uptrend since March and just broke out of a tight range on high volume. $0.04 coin price makes Sia appealing to new investors. The coin us up 1,300% YTD and volatility is around 15%. Moderate volatility, low price, and a clear uptrend make Sia worthy of your attention.
Sia trades on Binance, Kraken, Bittrex, Poloniex, and HitBTC.
Siacoin to reach 0.10 very soonI expect that Siacoin eventually will reach the 0.10 in a very short time (125% upwards). For the short term, I expect consolidations after an upside earlier today that gave us about 25%, Consolidations between 0.0387 and 0.0435 before we have a serious of runs up. Next target is 0.058- 0.062
SC bullish for the short termI expect SC to rise to 0.0435 before falling again, There is still unfinished business to cover that gap of 0.035-0.0335 when the breakouts happen from the descending triangle. Right now SC is trading within the formation of rising wedge in green.
Trade at your own risk.
SC : SIA COIN - Cleaned up ; moon mission alpha or doomSC : SIA COIN - Cleaned up ; moon mission alpha or doom
I looked through all my alt picks. From OCT SIA was the only real contender to ADA in terms of returns..
Moon mission Alpha is entering its final phase. Hopefully. As you can see I think we are at a pivot point here which will determine how we go for the next month or whatever it will be.
What next for Sia?As always this is not financial advice. Please trade responsibly.
It might be useful to trade with caution for a few reasons:
There are a couple of indications we are seeing a short-term, down-ward trend:
- regression channels on the one-hour chart with a negative slope
- RSI level over 70 indicating that SIA is becoming overbought, and may be ready for a trend reversal...
Fibonacci levels may be indicative of corrective prices...