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SCBTC

SC 30MIN Chart 25% Possible Gain Shortterm Trade 10 Days or LessWhat is Siacoin? According to their website (sia.tech) it as follows. Sia is the first decentralized storage platform secured by blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the world to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers. Sia encrypts and distributes your files across a decentralized network. You control your private encryption keys and you own your data. No outside company or third party can access or control your files, unlike traditional cloud storage providers. On average, Sia's decentralized cloud storage costs 90% less than incumbent cloud storage providers. Storing 1TB of files on Sia costs about $2 per month, compared with $23 on Amazon S3. Sia distributes and stores redundant file segments on nodes across the globe, eliminating any single point of failure and ensuring uptime that rivals traditional cloud storage providers. Sia’s software is completely open source, with contributions from leading software engineers and a thriving community of developers building innovative applications on the Sia API. Using the Sia blockchain, Sia creates a decentralized storage marketplace in which hosts compete for your business, which leads to the lowest possible prices. Renters pay using Siacoin, which can also be mined and traded. This is a very savvy tech coin and could solve many future problems in cloud storage. Check it out on github for more info. github.com The trade. This coin has huge potential long term for hodlers but this trade focuses on the short term 25% gain in the next 10 days. The chart has formed a cup and handle and the support line promotes the possibility of an uptrend break out soon. After 62% FIB RETRACEMENT at 364 Look for this coin to break out over 385 as it heads to the upper 400's for this trade. This could be a quick moving trade once it breaks out so you will have to watch this coin closely. Remember this is a possible scenario any coin can go down at any time. If the coin breaks the support line in the 360 area look for it to continue in the current downtrend channel its in. It would look for support again at 345 if this happens so a stop loss at 330 would be a good safety. Follow this trade only if you want to and never risk more then you can afford to loose. Patience is the key to everything in life worth having. Good luck and here is the trade. Entry Point .00000345 - .00000385 1) Target .00000390 (.5 FIB) 2) Target .00000416 (.618 FIB) 3) Target .00000453 (.786 FIB) Take Profit (22% Gain) 4) Target .00000499 (1 FIB) Stop Loss .00000330 10% +/- Close trade at .00000453 for 25% Gain This is a very quick trade and will require patience to complete it. Enjoy!
Long
by vthokiee97
2
SIASiacoin has huge potential as the forerunner in the storage space with the most market cap. Its tech alone give it value as storage increases and prices with it. SC will have a huge demand for storage at a discounted price compared to large cloud based storage companies such as Amazon and Google. Professional trading Discord Server. We discuss our ideas, findings, and news about crypto. Come check out our community if you are interested in learning more about crypto and charting. We are a growing, kind, and helpful community that strives to help others learn how to trade. Discord: discord.gg
by thaus18
SC is going up!!! but not yet!!!I put this up because I see people making charts and trying to bend it to see what they want, not what it's showing them. So I try and make it clearer for you all. Give you some insight and whatnot. It's not an argument that it's going up. If you're already in the trade no one is saying to sell. But if you're someone on the outside looking to get into the trade. That will be your very best opportunity at that price point. I know it seems far but when the king starts moving everything gets up in the air. That's another reason to not get into a trade early because you get a ton of market exposure and this is a very very volatile market. Be careful when trading and holding Long positions. Good luck.
Long
by doncazper
7
SiaCoin Has Clear Bullish StructureWe are looking at really nice and clear structure on SiaCoin against BTC. We are tracking wave 4 correction, because of perfect 261,8% Fibo. extension of wave 1, which is ideal for impulsive wave 3. From January 06, we can see slow sideways move within three waves w-x-y down, back to ideal 38,2% Fibo. retracement and also test of channel resistance line. BITTREX:SCBTC actually found perfect support at psychological level 0.000004 for wave 4, so we expect more upside in coming days into wave 5 towards 0.000008-0.000009 levels. If from any reason drops below 0.00000278 invalidation level, then we may adjust the view.
Long
by ew-forecast
4