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Siacoin

$SC #SIACOIN - Is SIACOIN ready for a move up or fall down?Hello Lads and Ladies, Today we are looking into a highly traded coin on many exchanges SCBTC. As we can see in the chart, we see a big triangle forming and getting very close to an end. Looking at the fibs retracement starting in the beginning of the triangle, these have been respected all along. Therefore we will most likely see a very important and dicing point when SCBTC hits 300 satoshi again. Either it will retrace back to the big increasing trend line or will have a move upwards towards the range of 378 and 455. ANYHOW, there is still a possibility that it will just break down from the trend line and retrace back to 44 satoshi, this is a worst case scenario that is very unlikely to happen. Therefore, I would say overall we are in an uptrend movement and we will see it continue for quite a while. The next time we see SCBTC hit 300 will be deciding point, it seems like that we are going to test it very soon although not too soon because looking at RSI we are very close to 80 points, which have NOT been crossed a lot of times before. Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins. Cheers, Tomas
Long
by KongTrading
Siacoin, stop falling already!Coin of the day is Siacoin. Long time no hears, the coin was falling during whole May and now seems to be bottoming, could be a nice opportunity if we are going to grow at least. Sia is a decentralized data storage platform based on the blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the participants of the network to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers. The goal of the company is to provide a decentralized cloud storage option that competes with centralized legacy competitors such as DropBox, Amazon, Apple, and Microsoft. The project is aimed at the topical and rapidly developing niche. SiaCoin is often being criticized due to controversy about highly competitive niche with such leaders as Google and Amazon. Latest news Will be Listed on Hong Kong-based exchange OKex (SCBTC ticker) A detailed schedule of the listing process: 1. SC deposit - 16:00 Jun 7, 2018 (Hong Kong Time, UTC +8) 2. SC/OKB spot trading - 16:00 Jun 8, 2018 (Hong Kong Time, UTC +8) 3. SC/BTC, SC/ETH, SC/USDT spot trading - 16:00 Jun 11, 2018 (Hong Kong Time, UTC +8) Technicals The coin was falling since 28 April showing almost 45% fall, when SCBTC tested Bearish Trend Line and 0.000003 level, the coin spent a day above the 0.000003 level but did not manage to hold on above and went down. Siacoin found a bottom slightly below the 0.000002 level at the end of the May. For now, SCBTC has formed a bottoming pattern on the 0.000002 level and gained volume and upward momentum mainly due to the OKex listing news. From the upside, SC has two strong resistances: 100-days EMA and Global Bearish Trend Line. A breakthrough of these levels can shake a May downtrend tendency and bring the coin to the new rising cycle. 0.000002 level is a support, which should stay strong to support a bottoming scenario. Otherwise, the coin will come back into a bearish bias.
Long
by DestinationMoonCrypto
Siacoin: $0.25 LongI believe that within the end of this year or a really short time period that Siacoin will conservatively hit the 25 cent mark. It is also likely going to his the $0.16 mark within a week. Right now Siacoin have suffered from negative correlations, but is expected to continue going back on the rise. The Sia Core software have been downloaded over a million times representing wide market acceptance. Also, the fact is that people seem to still be expecting a potential positive correlation for Siacoin on the strong side in comparison to other altcoins.
by gamer456148
6
$SIA, A blockchain based cloud storage!$SIA coin is a gem when it comes to real life working products, It's having so much developments upcoming in the future which gonna efficiently affect it's usability and also stability in terms of stakes in the market, it hasn't moved much and still in the bearish phase for a week or two then we will see an upward movement in terms of price. The best entry as of now would be around 186-201-205 sats at most, then a cycle will would get kick off and it will end around 577-688-734, it may take 1-3 months to complete this cycle and it will be the last time we are witnessing SIA coin in this range, Well i have just started accumulating this, read the chart to spot your entry. Good Luck!
Long
by SWajahat
SC-USD Update SiaCoin derailed to quickly from my previous chartHi everyone, So why did SiaCoin so quickly from my previous chart. BTC is of cours the biggest influencer of SC. I think this one is gonna be a much more steady track cause of the dates that I took out of my Bitcoin chart. $ 0.015 is still the price level where I start buying but could it go all the way down to $ 0.012 I think it's even very likely after looking at SCUSD history. Careful and don't trade on my charts, it's just speculation (till it reached the end of the lines ( •_º )) .
BITTREX:SCUSD
by UnknownUnicorn1065329
7
Siacoin VS Bitcoin Approaching Support AreaSiacion has reached the high, hitting 330 satoshis, after wich a corrective wave down begun. Currently SC/BTC is trading at 230 satoshis, which already has resulted in a 30% loss against the Bitcoin. At the same time Siacoin is approaching a strong support area between 180 and 200 satoshis, not to mention the 200 Moving Average, that also could act as the support. While Siacoin getting lower and lower the price is getting more and more attractive for the long term investors and at some point the next wave up could begin. It is important to watch the support area and/or perhaps the bounce off he 8/1 Gann Fann trendline or the MA. While price is above the 180 satoshis the probability of the uptrend continuation remains high and current wave down should be considered as only a correction. The nearest upside target is seen at 927.2% Fibonacci retracement level applied to the corrective wave down after the downtrend trendline breakout. This is 500 satoshis area, and if reached SC/BTC is likely to form a double top. On a downside, break and close below the 180 satoshis could result in double bottom formation sending price down to 100 satoshis area.
Long
by CryptoPAMM
4
Siacoin big breakout!Siacoin broke again and the surge was quite impressive. The drive was led out of Korea on the Upbit exchange with around $50M in volume driving us right past the monthly pivot. We hit TP1 and retraced to the .618 fib and has been holding steady. I expect some consolidation here as we prepare for another leg up towards TP2 at 550-600 sats. The news out today was that SC had a fiat listing added for KRW/SC on the Upbit exchange. Siacoin has added several new exchanges over the past 2 weeks, which is driving additional volumes and interest for the coin. It was back in January when the only real exchanges were Bittrex and Poloniex from its last ATH. Given the additional trading volumes and ever increasing markets for SC, I expect the price to continue accelerating upwards. As I wrote in a past idea, SC is currently dropping exponentially this year towards 11% inflation and then towards 3-4% inflation at the end of 2019. The additional interest in the coin and the drop in inflation will create a perfect storm of price increases, especially as video streaming is about to be released on the platform in 1.3.3 soon. Of interest, SC is hiring 3 more devs and doubling the size of their development core team. They are already one of the most active programming teams (according to coingecko.com) and we can expect fast and furious development this year as they prepare for end uses to come online by the end of 2018.
Long
by Prothius187
4
Siacoin: $0.20 Short CallI like Siacoin because when I bought it, it was about half the price it was now. However, I HODL'd too long and missed the opportunity to sale it right before the big "crash". That being said, Siacoin is likely to have a small positive correlation trend again and could even be a dip when it reaches a twenty cent price. Overall though, I would say they are a high investment risk. Given what they are doing with Siafunds as well as market potential, I would still recommend it as an investment (even if I was wrong with a few correlations in the past regarding them).
Short
by gamer456148
2
SIACOIN CRYPTO STRATEGYSiacoin is a cryptocurrency that is based on sharing hard drive space. In essence, Siacoin provides new opportunities for everyone to deposit files much like Dropbox can store files (video, images, and documents) on the SIA network. The advantages of Siacoin are that it uses a decentralized user-contributed sharing economy where you can essentially cut the cost of storing files online. So, to purchase storage capacity, you can just use Siacoin tokens, and you can share your unused hard drive space. Cryptocurrency Siacoin is currently the 34th most valuable cryptocurrency with more than $750 million in market capital. Current market Siacoin price is a steal at $0.021 per coin value. Tradingview Indicator DMI includes ADX The ADX indicator doesn’t tell us whether the market is going up or down, it only measures the strength of the trend. To determine whether the trend is up or down we’re going to use the Plus Directional Index (+DI) and the Minus Directional Index (-DI). Step #1: The ADX indicator needs to be higher than 30. The first rule needs the strength trend indicator to show a reading greater than 30. This is the first signal that we’re about to enter into a trending period and, it is a useful information because we don’t want to enter into a market that’s not in a trend condition. The ADX indicator will be raising in a strong bullish trend and the higher it moves the stronger the trend becomes. Step #2: The DI indicator needs to show the +DI line above the –DI line. The directional movement indicator gives us the direction of the Siacoin trend. The blue line is the positive DI, while the yellow line is the negative DI. When the +DI line is above the –DI line that’s a sign of a bullish trend. When the +DI line holds above the –DI and if they are also really spread apart, it signals the presence of a strong bullish trend. So, the reading of the DI indicator also matters, because the higher the +DI line is, the stronger the trend will be. Basically, the strength of the trend is checked twice, first with the ADX indicator and then secondly, with the DMI indicator. Step #3: How to Buy Siacoin: Buy at the opening of the next candle once the two trading conditions are met. A buy stop is placed at the opening of the next candle after the first two conditions are satisfied. Most often when the ADX indicator shows a reading above the 30 level, the directional index will already show a positive trend, so we need to get ready to buy Siacoin straightaway. Step #4: Place protective Stop Loss below the most recent swing low The protective stop loss should be placed below the most recent swing low point. If you’re having problems identifying swing market low points simply check when the ADX indicator bottomed. Usually, the ADX indicator offers a much clearer view of the market swing points. Step #5: Take Profit when the +DI line crosses below the –DI line When the DMI indicator crosses in the opposite direction, we know the trend is turning bearish and we want to take profits on our Siacoin trade. The DMI indicator is a great tool to be used for profitable trading because it provides you with fantastic exit points. I offered 3 different exit points. 1st 1.5 to 1 risk ratio, 2nd 10 candle new low, 3rd +D1 cross below -D1
BITTREX:SCUSDLong
by Tradingstrategyguides
1