here are my feelings about the past weekSo #siacoin had some pretty bullish signals going on for it. A nice doji formed while oversold price 240 satoshi which did close @245. This kick started a nice little trend upward from a downward staircase but it only managed to meet 330 tops. And that's all good and well its better than nothing but I had 340 in mind therefore i fell 10 satoshi short of my target price.
Currently it fell out of my main bullish channel line and dipped right back into support reserves just under 280 forming another cross which does in fact indicate a reversal. I feel as though 3OO may not be much to ask for as it climbs its way back to the top on the rsi . It's important that we don't get fearful and panic sell or panic buy I did break those habits. Unfortunately though, I may have a new vice which is greed. Find an entry, find an exit, take profit,and it should be as simple as that but my greed always keeps me attached to wanting more.
In other news, bitcoin is on its deathbed shitting itself. Personally I don't follow bitcoin anymore, I left as soon as mainstream media started telling me to buy. What I do know for sure is it does influence the market and if it doesn't recover it follow to number 2 on the coin marketcap switching places with ethereum. Bitcoin is just washed up in my opinion and when it starts to affect how much money I make I begin to take it personal. Outside of that I don't have much more to add.
Siacoin
Reverting to previous support levels.Good evening investors,
At this moment it seems like we are experiencing fallout from a previous high of o.ooooo404. This level was gained after a 7 day spell of fallout. We rose to o.ooooo404 without establishing support, profits were taken and you can see the after effect now as we fall back down towards previous support levels around o.ooooo350 . Hopefully no one reading this got burnt and you took profit around o.ooooo390 and you can meet me at the bottom around o.ooooo350 or lower. My target is o.ooooo320 . Trading is hard work, but this is surely where the money is folks. Enjoy yourselves.
Siacoin to the moon?Hi there,
Note that i'm not a professional, i'm here to learn and therefore feedback is much appreciated.
I've noticed two contracting triangles in the SCUSD chart. This in combination with the fact that the SCBTC chart is showing a massive cup&handle pattern makes me believe Siacoin is going to skyrocket soon.
Now i have to say i just started reading up on Elliot waves so correct me if i'm doing anything wrong.
Also i would like to know how i could place the last 5 impulse waves on the correct height when a symmetrical triangle like this occurs. Is there anybody who can give me feedback on these questions?
Thanks in advance.
Siacoin Choppy Chop landWow what a great run, another pump had hodlers at the edge of their seat in excitement. They thought it was a moon shot. The market appears to be bearish still as the bullrun gap becomes more and more narrow investors continue to be chopped . And this is no laughing matter. When #siacoin can barely hold 0.00000400 should we be celebrating ? We are on a slope , on a sled, going down. I assure you that I am unbiased, just like you, I want to make money. But I call a cat dog A CAT DOG not a DOG CAT
The problem as if now appears to be created on the sellers side, if you took a moment to look at the order book you would have an idea of what I mean. So much buying pressure is created, for what? Investors don't want in at these numbers, sellers are asking for way too much and for the market to really move it needs a lot of money. This money isn't going to be generated out of thin air like a cheap magic trick so for this to happen the supply needs to find a ground that meets the demand. So unless a few billion dollars comes in spontaneously and buys in at these levels we will continue to go downward to collect more money to move the market upward.
SIA: shortterm ideaBuy levels in blue box, support here from the trendline, 0.786 fibonacci level and (stoch)RSI is getting oversold.
If bouncing from the lower trendline. We will probably retest the upper trendline first after which SIA might move back to the lower trendline once more, before finally breaking out. Since the cryptomarket is quite turmulous at the moment, I will already take some profits at the upper trendline (a good 30%). Then I will wait for the breakout to see where the next target might be.
Siacoin - Possible 50% CorrectionHello,
As you all know, BTC is in a correction stage. BTC's price affects all the different alts.
If BTC drops below the 9k support, Siacoin will fall down to the support indicated above.
Here is my previous Siacoin analysis:
Here is my most recent BTC analysis:
Trade is only active when BTC breaks under the 10k support and ofc 9k after that.
~DCFreak
Sia possible uptrend?
SC/BTC SIA COIN
SHORT-TERM
Entry: 400 sats
S/L: 350 sats (strong support around this area)
T1: 440 sats (10%)
T2: 510 sats (27.5%)
T3: 599 sats (49.75%)
Looks like Tenkan-sen is getting ready to cross above Kijun-sen,
indicating bullish reversal. Will be following closely to see what happens.
If Tenkan and Kijun successfully cross and we break resistance at 380-400 sats, then we are a go.
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.
Siacoin doing handle of the cap and bullish divergence on RSISiacoin doing handle of the cap and bullish divergence on RSI
With the upcoming updates we can clearly say that Siacoin is about to test the 750 sat resistance plus possible break due the updates!
31 March is the date to watch because of the following interesting update:
31 March 2018 (or earlier)
Siacoin (SC)
File Contract Upgrade
(Added 02 January 2018)
File contract making upgraded to form 30x faster.
PROOF SOURCE
Validation (639 votes)
31 March 2018 (or earlier)
Siacoin (SC)
File Recovery System
(Added 02 January 2018)
Ability to recover files your files using only your wallet seed.
PROOF SOURCE
Validation (584 votes)
31 March 2018 (or earlier)
Siacoin (SC)
Simple File Sharing
(Added 02 January 2018)
To be released in Q1. Share files with other Sia users.
Validation (566 votes)
Bearish Market Siacoin is not an exception The market brings much opportunity even in a downtrend. That is if you are bearish. 0.00000200 is still my ultimate target however I must take baby steps and execute milestone positions that way I can increase my earnings even more. Target is 0.00000320 and by the way it looks,its doable today tomorrow, something has got to give. The supply is not meeting the demand, sells are saturated with Siacoin asking prices that are astronomical compared to what buyers are willing to pay with such a short supply of btc. Bittrex currently still has new registrations under suspension . At this point i'm just waiting patiently but rest assured, my bag will be filled.