Scbtcanalysis
SCBTC Bittrex 4H up to 30MAR18 Trading Analysis (TA)SCBTC Bittrex 4H up to 30MAR18
4H Chart, also works in 1H, at this time the SIACOIN (SC) after moving and tested SUPPORT ZONES 1,2 and RESISTANCE ZONES 1,2 is on its way to test the SUPPORT ZONE 3, in order to advance to RESISTANCE ZONE 3, which is the best scenario taking in account that the MACD and RSI are like about to cross, the if something wrong happens then we will see back in SUPPORT ZONE 2 to start the game again. At this time the Market Cap is recovering from its fall to 252 Billions and is crossing the 262. Good Luck!
4H Chart, también funciona en 1H, en este momento el SIACOIN (SC) después de moverse y probar SUPPORT ZONES 1,2 y RESISTANCE ZONES 1,2 está en camino a probar la SUPPORT ZONE 3, para avanzar a RESISTANCE ZONE 3, que es el mejor escenario teniendo en cuenta que el MACD y el RSI están a punto de cruzarse, si ocurre algo indeseado, entonces volveremos a SUPPORT ZONE 2 para comenzar nuevamente el juego. En este momento el Market Cap se está recuperando de su caída a 252 Billones y está cruzando los 262. ¡Buena suerte!
"Bitcoin will do to Banks what Email did to Postal Industry / El Bitcoin le hara a los Bancos lo mismo que el Correo Electronico hizo a la Industria Postal "
SCBTC Grab a 20% each step with a final 80% + Profit !!!SCBTC on Bittrex
Buying ZONE - 240 to 275
Tp1 - 460 to 480
What I do is simple to kill the Risk !!
I will lock every 20% of gain with a stop loss once it reaches the 35%, 55% & 75% and keep going up if you can !
Please Lock every 20% of gain !!
Good Luck Guys !
CRYPTO : SCBTC (SIA Coin) LONG BREAKOUT SETUPThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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SCBTC / Symmetrical Triangle How To TradeTechnical Analysis
Symmetrical Triangle
Siacoin is in a symmetrical triangle very close to the apex (meeting of up trending and downtrending line) and should break out soon. The closer to apex, the closer to breakout.
2 Lower highs and 2 higher lows confirms this triangle is valid. Volume contraction / reduction also validates Symmetrical Triangle pattern.
This is generally a continuation pattern, meaning if it entered the symmetrical triangle from a bullish run, it should continue, bullish. the symmetrical triangle is sometimes a reversal pattern, meaning we should wait for a valid breakout of the upside before we buy in. To enter this safely we want to see at least 5% move upward (235-240 Satoshi) as well as some buy volume kicking in, showing interest. We can also wait for accelerated movements upward (large green candles) and bullish gaps.
Often, the level of the Apex turns into support and can test / bounce on it around breakout before resuming to target.
Symmetrical Triangle target is generally the widest distance of symmetrical triangle.
Many sources state that 75% of symmetrical triangles are continuation patterns.
We’re buying in on a 5% movement upwards and re-buying and adding some in this trade on the test / bounce of the apex.
Trade Information
Fundamental Analysis
Hard Fork January 31 2018
Project
I am bullish on Siacoin as I believe it is a great project, and is in my core holdings for 2018. Siacoin is a “decentralized cloud storage” that is completely private and encrypts files on a decentralized network. It is affordable as 1TB cost about $2 a month. It is open source and the devs are transparent, and many people are allowed to contribute. The community has been building applications on top of Sia’s API. Siacoin also has a decentralized storage marketplace, that allows people to “rent” and sell digital files, document and similar. 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.