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Siacoin

Siacoin SC updateHi all, thanks for viewing. I thought I would post again update my previous post prediction SC will reach support at 0.0000077. That target was slightly overshot but held and we saw a reassuring impulse wave up. That small impulse wave is about to correct now due to: - Long upside wick indicating rejection of the bears / profit taking. - Wave 3 isn't the shortest - it met an almost exact 1:1 extension of wave 1. - Wave 5 exceeded the 1.618 wave 1 extension (which is a normal fib extension target - so it wasn't truncated (which would indicate weakness). It was actually the strongest of the 3 waves up). - BTC is also about IMHO about to correct ~ 5 - 10% before starting on a bull run (yes it is annoying when BTC is showing bullishness and alts drop and they also drop when BTC corrects. But the good news is they are much closer to being in phase recently). Caution: There was a small incursion of wave 4 wicks into the wave 1 territory on the 60 minute chart. I will accept that and don't believe that invalidates the impulse move as the incursion wasn't significant and was only short-lived. I can't give you a prediction on how deep the correction in SC will be - I suspect it will not be a deep correction and also I feel that this support will hold. In this post I put the retracement at 0.618 of the impulse move - which is purely speculative at this stage. If this small impulse wave turns out to be wave 1 in a new larger-degree impulse wave, then 0.00000113+ for wave 3 and 0.00000133 (+40%) is a reasonable target for the end of the impulse wave (without extensions) over the next couple of weeks. I hold (not a large amount) of SC and also mine SC (I don't liquidate my SC in order to pay mining costs but instead add to my holdings) and am medium term to long term bullish on SC because, is one of the few coins with revenue, and has solid use case (it has a chance to the disrupt cloud computing industry). Because of this I don't trade SC speculatively.
Long
by flyinkiwi10
SC COIN of the month?Siacoin is now into a hard uptrend becouse in 31 oct have a hardfork and also you can count in eliot waves and ichimoku which is strong indicators in T.A. Eliot waves has has a target of 150-155 sats which is the monthly resistence. We are above ichimoku cloud which is a very powerul bullish sign,but if btc made a flashcrash we can drop to 80-88 sats but this will be a very good oportunity to BUY how much sc you can MACD is bearish and we can drop a little bit more Stoch has also room to drop a little that s the reason why i told you to watch these supports RSI bullish divergence Now at the moment we have mixed signals ,also bearish and bullish but you can count on BTC and a powerful SC event which is the hardfork BTC cboe futures will expire in 16 october and after the market will turn bullish at CME futures which is expires in 26 oct In 26 october also we are waiting for 9 ETF decisions which will bring in the market bullish sentiment and a lot of hype In few days also have to appear the exchanges which will support this fork SC can be the coin of the month
SLong
by CryptoRomaniaTD
3
$SC, It’s All Good… Weekly Looking at our trend timeframe we see SC continuing to respect it’s downtrend behavior. Our dynamic resistance has been hit at 100 satoshis, expecting a bounce off this level leaving us with a lower low below 75. No signs of reversal, momentum in favor of bulls. Last time we were at this price was back in December, where we spied from 50 to 650 satoshis. Daily Shifting over to our pattern timeframe we see today’s candle opened at 108, and left us with a high of 108. Today’s candle has not closed however we have seen a low of 97 and are currently testing our minor uptrend. Rising wedge forming, momentum in favor of bears expecting price to continue to sell off towards our support at 70. A daily close above 110 activates our trade, otherwise waiting for a lower low to form at/near 70 satoshis.
Long
by UnknownUnicorn2434649
Siacoin SC - Swing Long - "But this time it's different!" $SCSiacoin SC - Swing Long - "But this time it's different!" $SC Taking a bit of a risk going long on Sia here. Fractal is eerily similar and we seem to be in the same spot as highlighted before. So. Whats different this time? We seem to be finding support on the Senkou cloud as well as the diagonal support like previously. Im also looking at 35 Btc of buy walls (on Binance) before me and my stop. Buy Zone: 93-96 sats Stop: 92 sats Take profit: 128 for ~32%, then 159 & 195 sats
Long
by UnknownUnicorn2302450
A trading opportunity to buy in SCBTCTechnical analysis: . SIACOIN/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 49. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00000093 to 0.00000070). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00000093) Ending of entry zone (0.00000070) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00000108 TP2= @ 0.00000120 TP3= @ 0.00000143 TP4= @ 0.00000157 TP5= @ 0.00000179 TP6= @ 0.00000207 TP7= @ 0.00000239 TP8= @ 0.00000264 TP9= @ 0.00000319 TP10= @ 0.00000393 TP11= @ 0.00000453 TP12= @ 0.00000745 TP13= Free
Long
by ForecastCity
A trading opportunity to buy in SCBTCTechnical analysis: . SIACOIN/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 49. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00000093 to 0.00000070). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00000093) Ending of entry zone (0.00000070) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00000108 TP2= @ 0.00000120 TP3= @ 0.00000143 TP4= @ 0.00000157 TP5= @ 0.00000179 TP6= @ 0.00000207 TP7= @ 0.00000239 TP8= @ 0.00000264 TP9= @ 0.00000319 TP10= @ 0.00000393 TP11= @ 0.00000453 TP12= @ 0.00000745 TP13= Free
Long
by ForecastCity
SC – Sia coin – Hard Fork is coming – profit/loss ratio 963%Hi Guys! Most of you already have heard about the hard fork of Sia. We read about that a lot and we think this is a good idea. To make the long story short. They produce their own ASICs. They are called Obelisk SC1. They are used to dig Sia coin and maintain the whole network. Everyone can buy them. However, ASCIs from Bitmain which are also used in Sia network, determine almost 45% of the whole hash power rate. This looks a bit dangerous when taking into account potential growth of dominance of Bitmain and their hardware. Within a weeks/months they could exceed the level of 51% and if they are intentionally very mean, take over the whole network. So (almost) none of the creators want such situation. 51% owned by one company? No way! So, as a result, they decided to change the algorithm and unable Bitmain and Innosilicoin to operate in Sia’s network. So within the last couple of days, SC grew over 20% which constitutes the fact the community has taken this information as a good omen. The hard fork will come into effect by the October 31st. There’s no plan to issue new coin. If somebody will do it, basing on the old network, the new coin might be issued but there are no guarantees that any exchange will support it. Technical analysis details: • Very low at the Fibonacci scale (only 70 sat over minimum value) • Probably double bottom forming • Ichimoku Cloud - over Tenkansen and the cloud – strong bullish • MACD – bull’s cross over the level of 0 • Chaikin Money Flow – strong pressure on the price is getting even stronger – take a look at the angles. Fibonacci targets (this can take a while as those are taking into account whole price span): Target 1: 0.00000235 Target 2: 0.00000353 Target 3: 0.00000457 (end of double bottom) Target 4: 0.00000544 (mid-term) Target 5: 0.00000679 (long-term) Target 6: 0.00000852 (long-term) So, as a result, we can lose 70 sat and win 730 sat which makes a great profit/loss ratio at the level of 963%. So do you think hard fork will have a positive influence into Sia’s future? Are you hodlers of this project or you just trade? Massive Hugs! WBM Team
Long
by WBM_Team
8
SiaCoin Bottomed?I always love such pattern which predictable for everyone to see. The season on SiaCoin chart told us that #HODL is not always good enough. Pretty much this level will be my accumulation zone and looking for easy 100% in coming weeks/months. This sentiment also depends on BTC movement so becareful, the second long green box is another accumulate phase which is will be worth to hold. SiaCoin (SC) right now is #41 rank on Coinmarketcap.com which the growth and also the endurance of bear market that SiaCoin has survive. Plus it is one of the low sats that you might interested to invest. Safe trade!
Long
by blockchaindedi
Siacoin revving up the engine-BullFilter & BottomFinder say LongAnalysis: Correction ended, and accumulation nearing final phase. Inverse "FatBart" Head & Shoulders seen. Some fundamental things of note: 1.)Sia dev team is going to brick all Bitmain and Innosilicon ASIC miners (~10m USD worth of hardware) with a patch. 2.)The coin will fork and a version that does not include this ASIC resistance patch will be created. Fork is on Oct 31st. 3.)The only ASIC miner still able to work with Siacoin after this patch is the Obelisk, designed by siacoin partners. Entry Point: General Entry is this range is fine, just look for a local dip/low. Looking to go long in the range of 95 to 105, after pullback from current pus occurs. See detailed screenshot below, using Bottomfinder to find best local entry. Take Profit: The green lines represent target take profit levels. We suggest cashing out 10% at T1, 30% T2, 50% T3, 10% T4 (or let it ride if it still looks bullish ). Stop Loss: Stop Loss suggested at 88-89, which is below the liquidity pool and 2 established local support levels. Upon completion of T1 move stop loss to entry point to secure a risk free trade. Additionally continue moving stop loss up by one target each time a new target it reached. i.e. when T2 is reached, move stoploss to T1 level. This way you can ride out dips with no anxiety and automatically exit the trade in profit should you not be around to monitor!
Long
by theheirophant
Siacoin completing a bullish cup and handle formationBINANCE:SCBTC Siacoin is completing a bullish Cup and Handle formation. With such a gap in volume profile a breakout above 114 sats would bring a nice green candle to potentially 155-162 sats. We are conservative and we choose a lower target at 127 sats. They also announced a very positive hardfork that would surely bring more optimism in the Siacoin community, removing effectively two dominating ASIC miners from the game. We are recommending a breakout buy at 115 sats OR wait for a retracement to the first fib level at 103 sats. Stoploss 90 sats Enjoy!
SLong
by AlphaTradeZone
5