SCUSD trade ideas
SC (Sia Coin) +79% to $0.125 over the next 4-5 hoursSia Coin is going through the typical bullish flag motions. Expect a target of +79% once it breaks from the flag and moves upward.
So far it has not fallen to the 61% retraction line, but the rally was very strong as I had predicted a 640% increase after the long term C&H formation completion.
This one should continue tonight.
SiacoinQ: When to buy Siacoin ?
A: Now it's only 0.03$ for coin.
Q: Why to buy Siacoin ?
A:The idea of Sia was originally conceived at HackMIT 2013. What if you could liberate the unused storage space of the world and unite it into a worldwide free market for data?
Sia leverages the capacity of blockchain technology to enable distributed networks to reach consensus in a secure and trustless way. Cryptographically secured smart contracts ensure the encryption and transfer of data with no possibility for a third party to interfere in any way.
Sia is a new approach to cloud storage platforms. Instead of all datacenters being owned and operated by a single company, Sia opens the floodgates and allows anyone to make money by renting out their hard drive. Data integrity is protected using redundancy and cryptography.
The promise of Sia is a decentralized network of datacenters that, taken together, comprise the world's fastest, cheapest, and most secure cloud storage platform. Today, being a major cloud storage player requires having datacenters, building trust within the market, reaching customers, and competing with giants such as Amazon, Google, and Microsoft.
Breaking into this market is a multi-billion dollar endeavor. The long term goal of Sia is to be the backbone storage layer of the Internet.
We believe data should be free. We aim to liberate the unused bits of the world and construct the largest storage superserver on the planet.
Q:How much can go Siacoin ?
A:n the following years can reach 1$.
Scusd (sia coin)potential +50% again in this week
Hello traders, Here I have checked the Day chart!
The price has had a correction move, after a long time bull,
I predicted in my previous analysis and we got the price
action!
After the short correction,
the price is ready for a new up wave
Siacoin -- Possible Bullish Flag BreakoutSia is a serious contender in the space of decentralized storage.
Siacoin Algorithm Testing. Testing algorithm on Siacoin.
This post is not a recommendation for followers, only forward testing of performance for personal record keeping.
Buy Sia Coin Sia coin has an interesting concept that is very underrated. This coin has a solid use-case and is not very well known.
BENCHMARK
Sia has a circulating supply of only 31bn while Ripple (XRP) has a supply of 100bn.
The supply of SC is significantly less than XRP and yet the price is far lower. Obviously, this can be explained by the maturity of XRP through the Ripple team development and the differing use-cases. However, SC is only 3c, while XRP is pushing $3.00.
I can see SC reach a price of at least 20c in the near future, just like the initial rally of XRP in early 2017.
I have just purchased 738k SC at 29.6c that is within the small blue box on the chart. This trade will likely experience some draw-down, especially while completing the symmetrical triangle pattern. However, I am willing to hold this until it reaches the desired target price of 20c.
Sia Coin (SC) + 640% target $0.155 after long term C&HBitcoin did this for me when I predicted a Cup and Handle formation over the 4 year period from the ATH of $1100. Once we reached it, we went the full depth upward ($1000) and we have not slowed down in the past year.
I'll say this is a large C&H forming for Sia Coin (SC) and my target is 640% for completion at $0.155.
SIA Going to .04 before NYE?Could we see Sia reach .04 before the end of the new year? I am as tired of McAfee as the next guy, but Sia has a unique value proposition with cloud storage that could revolutionize an industry. Will this utility translate into investor success? For me, it's too cheap not to jump in and see what happens. I believe that Blockchain when leveraged correctly can revolutionize the business world, and reduced cost in cloud storage would be a huge win; especially if retrieval of documents from a decentralized storage location offers users a more efficient method of retrieval.
While it appears that Sia has a small team, they are a couple of Harvard grads which is attractive, I mean, Mark Zuckerburg dropped out, and created Facebook so that counts for something, right?
But seriously, I like the value prop of Sia and hope that these guy nail decentralized cloud storage. A project to keep an eye on, regardless of investing.
Side note: I also wish that Elon Musk tweet was real, but what can you do, still like the outlook. Maybe he will tweet about it for real some time soon.
SiacoinThe idea of Sia was originally conceived at HackMIT 2013. What if you could liberate the unused storage space of the world and unite it into a worldwide free market for data?
Sia leverages the capacity of blockchain technology to enable distributed networks to reach consensus in a secure and trustless way. Cryptographically secured smart contracts ensure the encryption and transfer of data with no possibility for a third party to interfere in any way.
Sia is a new approach to cloud storage platforms. Instead of all datacenters being owned and operated by a single company, Sia opens the floodgates and allows anyone to make money by renting out their hard drive. Data integrity is protected using redundancy and cryptography.
The promise of Sia is a decentralized network of datacenters that, taken together, comprise the world's fastest, cheapest, and most secure cloud storage platform. Today, being a major cloud storage player requires having datacenters, building trust within the market, reaching customers, and competing with giants such as Amazon, Google, and Microsoft.
Breaking into this market is a multi-billion dollar endeavor. The long term goal of Sia is to be the backbone storage layer of the Internet.
We believe data should be free. We aim to liberate the unused bits of the world and construct the largest storage superserver on the planet.
Supports for SiaEven though riding the BTC waves, SIA respecting lines nicely like the top reversal perfect with resistance trend formed by previous two tops, making the supports formed more reliable, even in the face of BTC movements.
Expect support at first purple and first red horizontal, next tried and tested supports would be the lower purple. Even if BTC drops to its 9-10k supports I doubt that SIA will test lower red.
Green is a prediction - If SIA breaks purple, then visually, at this rate, green would form nice support to bounce from, from by the two previous intermediate lows.
MA's and other indicators removed for clarity of LINES ONLY.
Please leave a like, thought's and comments on how to improve analysis appreciated.
SC/USD (Poloniex) SiaCoin - Buy Limit $0.01 (Target $0.08500)Market = Poloniex
Buy Limit - $0.01
Take Profit - $0.085
SIACOIN Rebound + Growth StabilitySiacoin still looks like it can expect some long term positive correlations. Their technology on how they go about data is quite impressive, and they are one of the under rated altcoins with a product. They have had negative correlations in the past, but recently became so positive and have had a fork. It looks so bullish, that you can expect some continued positive correlations for a long term growth/holdings strategy.
