SCUSD trade ideas
One more shitcoin pump before bear market?Just looking back at the amazing May and June bull run, and comparing it to the recent pump and noticed a surprisingly similar pattern in SiaCoin which could indicate one more big pump before a long consolidation phase.
Based on what I have seen across most of the smallcap coins, this pattern could apply to a lot of different 'shitcoins' ;)
Just some speculation...
SC-USD Update SiaCoin derailed to quickly from my previous chartHi everyone,
So why did SiaCoin so quickly from my previous chart. BTC is of cours the biggest influencer of SC. I think this one is gonna be a much more steady track cause of the dates that I took out of my Bitcoin chart.
$ 0.015 is still the price level where I start buying but could it go all the way down to $ 0.012 I think it's even very likely after looking at SCUSD history.
Careful and don't trade on my charts, it's just speculation (till it reached the end of the lines ( •_º ))
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Possible next cycle for SiaCoinThis is my guess on how next bull run for Sia may look like. It probably will correlate with the imminent BTC bull run (Whales got to make money somehow, right?) My goal for this trade is around 12-15 cents per SC. However, on some exchanges, like bittrex, the top may reach 25 - 30 cents, at some short lived moment. Though, this is just my hopes and dreams.
SIACOIN CRYPTO STRATEGYSiacoin is a cryptocurrency that is based on sharing hard drive space. In essence, Siacoin provides new opportunities for everyone to deposit files much like Dropbox can store files (video, images, and documents) on the SIA network.
The advantages of Siacoin are that it uses a decentralized user-contributed sharing economy where you can essentially cut the cost of storing files online.
So, to purchase storage capacity, you can just use Siacoin tokens, and you can share your unused hard drive space.
Cryptocurrency Siacoin is currently the 34th most valuable cryptocurrency with more than $750 million in market capital. Current market Siacoin price is a steal at $0.021 per coin value.
Tradingview Indicator DMI includes ADX
The ADX indicator doesn’t tell us whether the market is going up or down, it only measures the strength of the trend. To determine whether the trend is up or down we’re going to use the Plus Directional Index (+DI) and the Minus Directional Index (-DI).
Step #1: The ADX indicator needs to be higher than 30.
The first rule needs the strength trend indicator to show a reading greater than 30.
This is the first signal that we’re about to enter into a trending period and, it is a useful information because we don’t want to enter into a market that’s not in a trend condition.
The ADX indicator will be raising in a strong bullish trend and the higher it moves the stronger the trend becomes.
Step #2: The DI indicator needs to show the +DI line above the –DI line.
The directional movement indicator gives us the direction of the Siacoin trend.
The blue line is the positive DI, while the yellow line is the negative DI. When the +DI line is above the –DI line that’s a sign of a bullish trend. When the +DI line holds above the –DI and if they are also really spread apart, it signals the presence of a strong bullish trend.
So, the reading of the DI indicator also matters, because the higher the +DI line is, the stronger the trend will be. Basically, the strength of the trend is checked twice, first with the ADX indicator and then secondly, with the DMI indicator.
Step #3: How to Buy Siacoin: Buy at the opening of the next candle once the two trading conditions are met.
A buy stop is placed at the opening of the next candle after the first two conditions are satisfied.
Most often when the ADX indicator shows a reading above the 30 level, the directional index will already show a positive trend, so we need to get ready to buy Siacoin straightaway.
Step #4: Place protective Stop Loss below the most recent swing low
The protective stop loss should be placed below the most recent swing low point. If you’re having problems identifying swing market low points simply check when the ADX indicator bottomed. Usually, the ADX indicator offers a much clearer view of the market swing points.
Step #5: Take Profit when the +DI line crosses below the –DI line
When the DMI indicator crosses in the opposite direction, we know the trend is turning bearish and we want to take profits on our Siacoin trade.
The DMI indicator is a great tool to be used for profitable trading because it provides you with fantastic exit points.
I offered 3 different exit points. 1st 1.5 to 1 risk ratio, 2nd 10 candle new low, 3rd +D1 cross below -D1
Siacoin Machine Learning Crypto SignalThe rolling three-day signal for Siacoin (SC) is "Don't Own". This is day one of the three-day signal. The signal will be updated again Friday. For further details or discussion, feel free to leave any questions or check out signature/profile.
Ripple Machine Learning Crypto SignalThe rolling three-day signal for Ripple (XRP) is "Don't Own". This is day three of the three-day signal. The signal will be updated again tomorrow. For further details or discussion, feel free to leave any questions or check out signature/profile.
Siacoin Machine Learning Crypto SignalThe rolling three-day signal for Siacoin (SC) is "Don't Own". This is day three of the three-day signal. The signal will be updated again tomorrow. For further details or discussion, feel free to leave any questions or check out signature/profile.
SiaCoin SCUSD Personal favourite of mine... 0.015 is where I buyThis is a favourite of mine cause of it's fastness. Careful, I stepped out to early ones already and you'll go nuts when you see it double without you.
It's no Elliot!!! It's BWPP with Elliot tools.
If we can't love what we can't understand, we're doomed!
Don't follow me make you're own TA. I'm just sharing!
( •_º )
Siacoin Mahcine Learning Crypto SignalThe rolling three-day signal for Siacoin (SC) is "Don't Own". This is day two of the three-day signal. The signal will be updated again Saturday. For further details or discussion, feel free to leave any questions or check out signature/profile.
Sia on alertSia is on alert but against my anti chasing rule. One of the main purposes of my method is to stop myself from chasing.
Siacoin Machine Learning Crytpo SignalThe rolling three-day signal for Siacoin (SC) is "Don't Own". This is day three of the three-day signal. The signal will be updated and shared again tomorrow. For further details or discussion, feel free to leave any questions or check out signature/profile.
Siacoin Machine Learning 3-Day Crypto SignalThe rolling three-day signal for Siacoin (SC) is "Don't Own". This is day ONE of the three-day signal. The signal will be updated and shared again on Sunday. For further details or discussion, feel free to leave any questions or check out signature/profile.
SCUSD ShortWe can see both 0.618 and 0.500 of Fibonacci leves of bigger trend are on the same level that created reversal point. Also, MACD and Stochastic are both showing weakness of trend and oversold SC. I recon that maybe we'll see bounce of black line at 0.022999. In that case, short at REVERSAL POINT. If not, short as soon as price goes below 0.022999. Fibonacci levels under REVERSAL POINT are profit levels.
Siacoin Machine Learning 3-Day Crypto SignalThe rolling three-day signal for Siacoin (SC) is "Don't Own". This is day two of the three-day signal. The signal will be updated and shared again on Thursday. For further details or discussion, feel free to leave any questions or check out signature/profile.
SIACOIN Shortterm Trade (16h) ~30%Pretty self explanatory.
Choose your targets near the marked price
Siacoin swingsPlease see the charts attached predecessor for a deeper insight.
My initial analysis has been validated by the price's bounce as predicted.
