SC
Siacoin Breakout Overdue...
Daily
Looking at our highest timeframe we see price has respecting a bearish parallel channel, after breaking out of 215—240 satoshis consolidation zone. Price has retuned to it’s breakout support zone. Daily candles showing higher lows being formed. Stochastic RSI showing momentum is slowly heading towards the upside.
4Hour
Shifting over to our pattern timeframe we see price is currently at a critical point, Short-term uptrend being respected, momentum showing us we want to head towards the downside. A 4hour close above 245 satoshis activates our trade, otherwise expecting a drop towards 220 satoshis before heading towards the upside.
Hourly
Finally looking at our trigger timeframe we see price is stuck in a design triangle pattern. An hourly close above 245 activates trade, momentum also being shown we are heading towards the downside. Hourly support at 230 satoshis.
Conclusion
Buy: After break and close above 245 satoshis on the 4hour.
Siacoin (SC) steady climb..I am not an expert in trading. This is simply my ideas based on movements and events this year.
- A3 miners gave unnaturally high numbers, twice..
After each increase there is a steady decline. This could be caused by the mining difficulty increasing as A3's come online.
There might not be a big increase from the Obelisk miners when they get delivered, since the team know what to expect.
- A higher number of sia file hosts might reduce the storage price and limit spending.
It seems the current version of the software is still difficult for new users to get started (both wallet and file sharing)..
When that is improved and running smooth - storage and spending might increase.
- Version 1.3.3 might be a good one..
Video streaming is exiting news.
Overpriced line shows an unnatural/inflated heading.
The others, I think, show a more realistic road ahead.. ?!
Hoping to see SC @ 500 sometime in August :)
Keeping a lookout for news about Siacoin being added to more exchanges..
Comments are welcome :)
Have a great day!
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 )
SC possible new wave
It seems that SC is going to start a wave 5.
MACD seems good for high timeframes.
Stoch RSI seems to reset for lower timeframes.
Also there are multiple pennants forming on multiple timeframes.
Targets sent in Telegram (check my signature).
SCBTC (SiaCoin) - Big Potential ProfitsHello Cryptonians,
SCBTC is being consolidated into a big wide flag, and we are eyeing a breakout here to the upside. SC is a really strong coin people, and I will always recommend to buy this coin and hold it for long. This can give you some good gain without any pain :P
All the indicators are looking pretty strong, and I have also marked some near term resistance in red to the top. Lets wait for a breakout here, and if you want to buy here without a breakout, you can do so, but just have a lot of patience with this one. It will surely give you great profits.
If we break the bottom support of the flag, we may go down a bit, but I do not see that happening here unless BTC dips or rises significantly. So, lets hold onto this one together.
Make your entries smartly people.
You can join our group/channel below to have great discussions with our community members where we learn and earn. Learning is important, signals are less important. Bring it on!
Happy Trading!
SCBTC BITTREXSia coin after the big spike recently has formed into a symmetrical triangle and is getting squeezed into a corner. Sitting right on a 4 hr support and very close to hitting the overall uptrend and I am hoping will will get a break up to retest daily resistance at around 300 sats for a 10% gain.
Watching very closely for a bullish engulfing candle off the trend line.
SCBTC Long (+18% potential profit)SC just hit a big resistance , possibly making double bottom ABC
RSI is really low
Bullish divergence on MACD
Target price
1 @ White triangle resistance
2 @ 0.00000231 btc local ath
Stop loss @ 0.00000270 btc
SCBTC Sia on its way Sia heading North. RSI heading above 50 with signs of correction. Coppock going to break 0 line. Target 161.8% fib
JUST WOW!! WAIT A SIAcond.....Look at that amount of distribution... Sia Coin is, and will always be the truth. Even though they really screwed up with Oblisek, the coin is doing well. Big gains are possible with SC.
Siacoin huge movement, will we make it above Trend Line?Coin of the day is Siacoin.
Sia is a decentralized data storage platform based on the blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the participants of the network to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers. The goal of the company is to provide a decentralized cloud storage option that competes with centralized legacy competitors such as DropBox, Amazon, Apple, and Microsoft. The project is aimed at the topical and rapidly developing niche.
Siacoin is often being criticized due to controversy about highly competitive niche with such leaders as Google and Amazon.
Nonetheless, worth noticing, that Sia Coin team supports project actively, even providing monthly reports on their blog.
Latest news: on 23 April Bittrex listed SCUSDT trading pair.
Technicals
The coin started to draw turnaround on 18.03.2018 at the 0.00000115 bottom and went into an upward pattern. On 13.04.2018 SCBTC broke above the 100-days EMA and 0.000002 level. Till today the coin was trading in a lateral corridor between 0.000002 and 0.0000025 levels. Today Siacoin broke above 0.0000025 level reaching 0.000028 level, getting close tot he Global Bearish Trend Line and 0.000003 level. A breakthrough above the Global Bearish Trend line would change the overall bias of the coin to an uptrend. 0.0000027 level serves as a short-term support of the bullish momentum and if the price will hold above this level and gain more volume - the breakthrough of the Bearish Trend Line could be seen in nearest time. Fall below the 0.0000025 level will cancel the bullish pattern.
Siacoin Chart!? Siacoin Chart.RSI divergence could potentially have us headed towards a .236 bounce (From the all-time-high to following bottom)
Price is below VWAP at the moment, but lower volume coins generally aren't drawn to VWAP as much on this move.
SIACOIN (SC) IS ON PATH TO 279% PROFIT - Binance? - LThis is a low risk trade.
There are many rumors about Siacoin getting listed on Binance in coming weeks, which is very likely taking into account Siacoin project and team behind it.
Buy the rumor and sell the news my fellow Crypto Maniacs!
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Accumulating Altcoins Part V: Siacoin (SC/BTC)Soon we will see this baby close in the cloud. TK cross about to happen, but most likely in the cloud which is a neutral sign.
BUT..... Edge to edge trade opportunity. Flat Kumo at the top, thick cloud. Once prices closes within the cloud there is a great chance that price will go straight to 350 sats (that's your target folks).
STOP LOSS: 208 sats (Kijun Sen)
Siacoin Roadmap for 2018 and Long Term PerspectiveSiacoin is a coin for a decentralized cloud storage and has been around since 2016. It can not be said that its a new coin, but one of the veterans in the cryptocurrency market.
At the same time the price of Siacoin remains very cheap and currently, SC/BTC is traded at 130 satoshis! Obviously not many "veterans" cost that cheap and perhaps this could be a very interesting investment opportunity in 2018.
On the Siacoin roadmap for 2018 it states:
"Our goal: Sia becomes production-ready for cold storage, begins to be used by companies, and introduces file sharing."
If everything goes according to the Siacoin plan, this could trigger a strong rally in price, as not only people but potentially large companies will use Siacoin services for the cloud storage.
Looking at the chart. Siacoin continues to reject the uptrend trendline and currently found the support at 88.6% Fibonacci retracement level. While the support is holding the next wave up could result in a rally towards the 430 satoshis resistance. But/when/if it will be broken, the upside potential could be enormous.
SCBTC 37% + 130% + 240% +SCBTC 37% + 130% + 240% +
Hello everybody!
We had the opportunity to buy a SK during correction and earn from 30% or more.
The main thing is always to remember about your trading plan, take risks into account and fix profits in time!
Good luck and good trading!
