Get started
SiacoinSiacoinSiacoin
#175#175#175

Siacoin

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

SCUSD trade ideas

SC - has a double bottom formed? By no means am I a professional technical trader but keen to learn so any constructive comments are always welcome, So this is my first idea. SIA- I have been following this project for quite some time. It appears that a lot of accumulation has been happening (or bag loading). There are many contributors to this project, which has a working product with important developments coming in 2019. It probably fair to say a elements of the core development team have been distracted with the creation of the ASIC mining company obelisk. Some might criticize the decision to get involved in developing hardware but recent attacks on some coins may yet prove the team has been prudent. The team openly acknowledge the conflict they have in creating hardware that runs on the network and have taken some steps to remove themselves from this conflict. blog.sia.tech SIA hard forked Bitmain and Innosilican miners off the network by resetting the POW algorithm last year (blog.sia.tech). Things appear to have settled down and the devs appear to be focused on the next release. With regards to the chart, I know there isn't much there by way of FIBS and pitchforks but it does look like a double bottom has formed - Onwards and upwards from here (maybe). Longer term the block reward is declining fast and will settle at around 30k per block in 2020. This will mean anyone that is mining it then, if they want to make a return will unlikely sell the token unless it covers the cost of their mining operations. (siastats.info). Interestingly SIA hosts burn coins when using the storage product, so the more people use storage the more "burn" so if SIA usage grows the price will rise. This is more of a long term investment in my view. for disclosure: I own several Obelisk ASICs
POLONIEX:SCUSD
by quewb
SCUSD Upside-Down Chart For PerspectiveUpside-Down Charts can give more perspective especially if you are biased. This chart is telling me that a previous strongly tested support aswell as when it was resistance has been broken to the upside but has not went back down to test it again to ensure it´s stability. Since previous price action has proven the Green Support/Resistance line to be very important gives me reason to believe that price will not move forward without re-testing it first. Make your choice.
POLONIEX:SCUSDShort
by DarkwolfSE
4
Crypto Market- is Winter Coming? I'm using Siacoin here as a representative of the crypto market as a whole since it has one of the longest price histories for an alt coin. Keep in mind, I'm no financial guru, just your average dude looking to get in at optimum times. However, although it seems odd that it could happen, I feel as though there is an enormous amount of room in the chart for a catastrophic dump to occur for the alt market. SC rose a mindblowing 56000% within 820 days, I feel as though there needs to be a larger correction to break the long-term hodler's spirits. This opinion is nothing new, many people have posted similar charts. I feel as though they are correct and this has a higher probability of happening than making higher highs from this upcoming bounce. However I could definitely be wrong :), this chart is just to kill some spare time - Don't hate too hard :) P.S. Might not drop as low as that.
POLONIEX:SCUSDShort
by Dion_Dimucci
1