Siacoin / BitcoinUpdated SCBTC - Entry Points
Siacoin has had some substantial growth the past few days. This chart shows some entry points as to when might be a good time to buy.
I've showed the entry points with a green arrow. Wait until the candles hit 0.5 fib and bounce back. If it does, then it would be a good idea to buy some here. However, I'm thinking it can dip below that and hit the 0.618 fib. So if it going below 0.5, wait until it gets to 0.618 for entry.
What we're looking for here is for the MA to flatten and MACD getting ready to cross. If the candles dip below the BB, then chances are it'll bounce back up to the MA and if the MA hasn't flattened, then there's a good chance the candles will continue to dip.
I've showed the entry points with a green arrow. Wait until the candles hit 0.5 fib and bounce back. If it does, then it would be a good idea to buy some here. However, I'm thinking it can dip below that and hit the 0.618 fib. So if it going below 0.5, wait until it gets to 0.618 for entry.
What we're looking for here is for the MA to flatten and MACD getting ready to cross. If the candles dip below the BB, then chances are it'll bounce back up to the MA and if the MA hasn't flattened, then there's a good chance the candles will continue to dip.
Note
Looks like it dipped below 0.5 fib. Let's see if it hits 0.618 and stays there.Trade active
Dipped below 0.5 fib and was instantly rejected to find support right at 0.5. Flattened out for a few hours and bounced right back up! Still expecting it to move up further so hold if you have SC.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.