Siacoin
SCBTC - Long SiacoinSiacoin has more or less been residing at its lowest ever BTC value. Recently there was a hardfork of the chain. This is still an active project and it is probably about as cheap as you will ever be able to buy it. We recently started upward movement after falling below support and popping back above it. Not promising a moonshot, but I just bought a bag. At this price even small movements are high % gains. (Warning, small moves down are also large % moves). Personally, I will probably just hold my bag even if it dips or crashes back down. It is a good enough project in my mind to justify it on a personal level at this price.
With newcomers coming into the market for this bullrun, it is only a matter of time before more and more are intrigued by the super low prices. (Unfortunately most people probably won't bother to even read what it is, but oh well)
And....they have freaking SKYNET!!! Lmao. Don't you want to bring about the end of days with me? (Disclaimer: Totally different Skynet than Terminator SKynet)
If unfamiliar, read into what they are doing and what Siacoin is, it is actually pretty interesting and I can see an actual real world use for it.
Disclaimer: I am not a financial advisor or professional. I'm merely sharing my thoughts. Trade at your own risk. Don't trade what you aren't willing to lose. Happy Trading!
Siacoin (SC) New Targets (111%+)Here we have the weekly chart for Siacoin (SCBTC).
This week is about to close above EMA50 which is great news, this can potentially mean higher prices.
The yellow square on the chart is the current resistance.
Above it, SCBTC goes straight up.
Below it, more consolidation before prices move higher.
The overall view is bullish and we should we higher highs and higher lows long-term.
Thanks a lot for reading.
Namaste.
Siacoin BTC Ratio Reversal (Long Term)An interesting take on the Siacoin SC/BTC ratio and fractals:
Siacoin is fundamentally a good project with a talented dev team and one of the few coins I like with a use case other than a currency (decentralized cloud storage).
Technicals
Yearly BBands on the daily have tightened to the point that volatility on long time frame is low. BBands opening signals the start of ratio increasing.
MACD on the weekly shows bullish diverg SC/BTCence and that a reversal is imminent
SCBTC fast approaching 4/1 Gann Fan Level
Weekly EMAs are quickly converging signaling future bullish momentum
Repeating fractal patterns from previous cycles show that the SCBTC ratio has the potential to increase in a parabolic fashion
Siacoin has historically rallied up towards June (refer to previous 2 cycles)
SC/BTC Targets
Target 1: +-0.00000180
Target 2: +-0.00000330
Target 3: +-0.00000470
Target 4: +-0.00000828
$SC/BTC 1D (Binance Spot) Falling wedge breakoutSiacoin just broke out of that wedge and 100EMA is acting as support now, let's fill a bag!
Current Price= 0.00000018
Buy Entry= 0.00000018 - 0.00000016
Take Profit= 0.00000023 | 0.00000031 | 0.00000037
Stop Loss= 0.00000012
Risk/Reward= 1:1.2 | 1:2.8 | 1:4
Expected Profit= +35.29% | +82.35% | +117.65%
Possible Loss= -29.41%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2160h
SC/BTC, road to 29/30sat.All details you can see on the chart.
That is how I see it.
Sia coin, was been waiting for a long time, to get up from the ashes.
This is an IDEA! I own 350usd worth SC, and I get myself at 22sat, another amount of SC/ 500USDT.
No stop loss. Will sell at 29sat.
Good luck, and may force be with Sia coin!
SCBTC LONG, BULLISHDescending trend broke. Easy x4, first target: 100 sats. Breakout occurs above 33 sats.
SC - Time for a 2nd CycleRight now SC has been following a similar pattern to DOGE. There have been some massive buys and the downward movement seems to have flipped around. Enough hype might bring the price to around 24/27 sats, possibly even higher. On the 4H we can see a bullish crossover happening on the MACD with some increasing buying momentum. Putting a small trade into here at 22 sats and hoping to turn some small, but nice profit.
siacoin for 2021 outlooka cloud storage application in crypto world
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Coin
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Siacoin Price (SC)
$0.006180
9.70%
0.0000001841 BTC
0.000004567 ETH