Siacoin
Updates to Projections: BTCUSD (Foundation @ $43K?)What up Risktakers?
I'm dropping this new chart idea for bitcoin as I've observed it's movements over the past few months..
I really like this chart because it gives us an idea of where the "norm" ranges will reside for $BTC in the 'Early Adoption' segment of the bell curve to $BTC global prevalence.
*Now just because you see "Moonsie" on the chart, doesn't mean that I believe we're smashing it this month... but who knows where we'll be by Q4 2021?
-Stay Ri$ky
SCBTCWowwww
Breaking down all of down trending lines and resistant lines... it should remain above 45 satoshi for next moves
Siacoin (SC) A Big Bullish SetupDown channel:
The price action of the Sia coin is moving in a down channel since 19th May 2021. It can be easily observed that the priceline is making more attempts to break out the resistance of the channel than breaking down the support. It can be also noticed that after hitting the resistance on 7th July 2021 the price action of Sia cryptocurrency did not reach the support of this down channel. If we take a look at the Bollinger bands then we can understand the reason, why the price line is not moving towards the downside. The reason is that the candlesticks are having the support of the lower banks of the Bollinger bands. The Bollinger bands is also squeezed which is a signal for a big move soon.
Support and resistance levels and SMAs:
On the weekly time frame chart, we can see the major support and resistance levels. There is a very strong key level support at point $0.009 and while testing this support at the same time the price line is also having the very strong support of 50 weekly simple moving average as well. The next resistance is at $0.015 and then we have key level resistance at $0.02 because after breaking out this resistance there is no significant resistance between the highest price 2 cents. There is also 25 weekly SMA at $0.02 resistance level.
Big Fibonacci based harmonic BAT pattern:
On the weekly time frame chart, the price line of SC has formed a big bullish BAT. There is also 50 simple moving average support in the buying zone.
The buying zone as per the Fibonacci sequence of the bullish BAT can be as below:
Buy between: $0.0158 to $0.00975
Sell between: $0.0303 to $0.0523
The maximum extent of the buying zone $0.00975 can be used as stop loss.
As per the above targets, this trade has a profit possibility of up to 430%, and the loss possibility is 38%. However, at this time the loss ratio will be very low, because the priceline is already moving at the end of the potential reversal zone.
Conclusion:
The above move shows that the Sia coin can be more bullish than other top cryptocurrencies like Bitcoin, Ethereum, Binance coin, and others as well.
Siacoin (SC) formed a big bullish BAT for upto 430% huge moveHi dear friends, hope you are well, and welcome to the new update on Siacoin ( SC ).
Previously we had a very nice trade of Sia and it produced more than 800% rally:
Now this time on the weekly time frame chart, the price line of SC has formed a big bullish BAT . There is also 50 simple moving average support in the buying zone.
Inverse Head & Shoulders - Long opportunity with 6:1 R:R Hi all,
Main TA Points;
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1. Inverse H&S pattern.
2. Break and retest of 20MA currently holding.
3. Bollingers continue to tighten signalling incoming volatility.
4. No relief rally in over 10 weeks.
5. Good R:R
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Talking Points;
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Going to keep it simple this time,
After reaching a peak of 6.5 cents we have had a long consolidation across the board. There has been uncertainty as to whether the Crypto Bull Run is over.
I am of the persuasion that this is not the case. This month is crucial for all Crpyto to regain momentum and I think we will be successful.
Nevertheless, we have not seen a relief rally in the last 2+ months and at the very least I expect a retest of the ichomoku as resistance for Siacoin.
Additionally we have a break of the descending trend line for SCBTC pairing. Obviously we would prefer that Bitcoin leads the charge, and its worth noting that we are still valued at over 30K which is outstanding when you think about it.
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Estimates;
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As a measured move we are looking to test the 2.2 cent region. The R:R is good on this trade.
Good luck,
Please consider donating, following or leaving a comment if this analysis was valuable to you.
SIA donations;
807db3f1186dd2a5a40418200064b44a94bffb0e32fac9e713923088a7e3bb0886c2d0281374
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Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions.
All investment and trade decisions, no matter how well investigated, involve risk.
Is It Time To Buy or Sell The Crypto Market?Hey Traders just wanted to give an update on what I see right now in the Cryptocurrency Market. I think we are still in a holding pattern for now. I don't see Bitcoin making new highs or lows. So that means in my opinion it is best to wait on the sidelines and be flat until something larger takes place which im sure it will eventually.
Enjoy!
Trade Well,
Clifford
Siacoin does not intend to climbOver the past few days, Siaquin has broken a lot of support due to the bitcoin downturn And because of this, the price experienced a significant drop.Today, in the relevant chart, we see that Siaoin has formed a descending triangle pattern.As the price approaches the important support level of 0.014, it can be an immediate signal for sale If this support fails, according to the pattern formed, we can still wait for the price to fall.
This is just a technical analysis.
This is not a financial recommendation.
SC; another deeper look, moon cancelled?? wtf is happening?? hmm
k i went deep here guys. took a look at the coinmarketcap chart which can be good sometimes to spot big macro trends.
coinmarketcap.com
put it on all time and log. what do you see?
see there are two macro fractals as i see it now. the obvious one which ive been focusing on and the sneaky not so great one.
prob some heavy bias coming into play there too.
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white or red (pinky red wtf it is)
two options. use your stops accordingly.
this will be the last SIACOIN analysis until the price action shows us which option is to unfold.
glhf
Siacoin Is About to Explode 🚀 🚀 🚀💡 Trade Idea
📈 SC/USDT Buy Market Order @ 0.02115
🎯 Target Profit 0.02445
🛑 Stop Loss 0.01952
❌ Do not risk more than 1% of your account on each trade
🙂 Good Luck!
Description:
The price is trading inside the wedge pattern where we have seen higher lows that led to a breakout of the strong resistance to the upside. Currently, the price is correcting toward the support (previously resistance), and after that we expect a huge rally toward our target profit.
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siacoin for 2021 rangingSiacoin (SC) is the native utility token of Sia, a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space. Agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for paying for storage on the network. The main goal of the project is to become the "backbone storage layer of the internet."
Sia was originally announced in May 2014 before being revised and re-announced a year later in May 2015. It officially launched in June 2015.
Rank #88
Coin
On 143,283 watchlists
Siacoin Price (SC)
$0.02686
5.55%
0.0000006187 BTC5.55%
0.000007879 ETH5.55%
SC : SIACOIN ; i can do this all day long babySC : SIACOIN ; i can do this all day long baby
60x from here??? @@ wtf gtfoh
Ajusted the fractal to fit this last dump. Again I don't think I did have the right place. The fact we broke out of rising wedge or wtf you want to call it isn't good imo.
if this plays out ill buy you all icecreams.
i supply the hopium, you supply the bids.
x