SC
Siacoin Boom-Bust CycleI've noticed that for the past two years in a row, Siacoin sustained a massive 100x rally (priced in USD) during the Spring-Summer months, only to crash and give back a large percentage of the gains during Fall-Winter. Will we see the same type of price action in 2018? It may sound like an outrageous prediction, but that would put our target at 40 cents, temporarily giving Siacoin a huge market cap of over $10B. If the entire crypto market is increasing by many multiples over this time period, perhaps this is possible.
SCBTC: Breaking out of its long downtrend? 50+% upside?!SCBTC has been in a downtrend for a few months. It has built a bottoming base over November. It broke out yesterday on the most volume ever traded! Lots of news is expected to be released in the coming weeks. We believe .0000007 to .0000010 are great entry opportunities. Expect some profit taking at .000001 followed by a target of .000002!
Siacoin Long 1300%Coin has reached its support on the 1 day and now making its way up.
Long term this coin at 20 and ride it for 6 months.
Stop loss at 10, target 260 by March peak around 330 which would give you a 1300% increase.
Good luck! Please comment and let me know what you think + dont forget to give me a like pr a add me for more gems like these ;)
Sia BUY OpportunitySia is currently currently in a falling wedge and looks extremely oversold on the daily chart. RSI hovering around 20, MACD flat. With a big new release expected in November and as bitcoin's price retracement looks more and more likely I believe Sia to be one of the better buys you can make right now. Target entry is around 55sat if falling wedge is broken, first target 200sat, final target between 400 and 500 sat.
Thanks for reading, make sure you give this analysis a thumbs up if it you liked it and, as always, make sure you do your own research!
Siacoin: Bullish Bat Formation and DivergenceSiacoin is pretty cheap as of now, the cheapest we ever seen it. I like the project behind Siacoin and the way price is looking, indicates to me a strong breakout soon. We have a clear divergence forming on the bigger time frame and a bullish bat formation in this post. What are your thoughts?
Trade with care.
SCBTC Heading Towards Decision TimeSiacoin has started an uptrend in the very short-term, and we're looking to see how high it will go. Soon (~5:00 G.M.T.), we will be at a decision point where the local uptrend meets the long-term downtrend. Last night, we saw a bounce off of the top of the long-term downtrend channel, which was not totally unexpected, but tells us to watch upcoming price action carefully to confirm whether or not we are actually witnessing trend reversal.
At the upcoming "decision point," if SC breaks through the top of the downtrend channel, we should see some nice additional positive growth and continuation of the local uptrend. However, if we see another bounce off the top of the downtrend channel, it could rejoin the downtrend and cease this short-term growth.
The positive money flow over the past 24-36 hours has been encouraging, though it has tapered down slightly. Oversold RSI also adds to the promise.
If the uptrend does continue, next target is the 0.00000150 resistance level.
TL;DR - In the next ~12 hours, we should have a fairly decent idea of what SCBTC is going to do in the short-term.
Cheers!