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SCBTC trade ideas

SC/BTC Trading OppertunitySiacoin is getting rejected by the resistance and 200 12hr MV around 0.00000239 level. Expecting a short-term retrace back to 0.786 Fib level or the 0.38 Fib level from a bigger picture. Good buying zone will be in between from 208 and 216 zone. The next target will be at 311 level which will provide about 45% gain. Good Luck! This is not a financial advice, and please trade at your own risk. If you like this analysis please hit like so I can publish more analysis in the future
by blee300
1
A short long, and a long shortIn my opinion we have not ended yet the traditional market cycle pattern. In general after the market finishes the cycle there is a mid to long term consolidation time. This is a potential bull trap since the head and shoulders formation. There is a downtrend formation but the RSI is oversold and the candles have repeatedly fallen below the lower bollinger bands. I think there will be another 5%-7% rise after the head and shoulders pattern forms and we return 15%-20 bellow current levels (back to fibonacci level)
Short
by Cincottitrader
1
SCBTC 20% Profit Potential Short Term Ascending Triangle/WedgeHey everyone, Since there are so many people calling for the market to crash, I will step in and give you the comfort you want to hear. Not long ago you all were sitting on the sidelines waiting for this moment. Well, its here and the bulls are back. If you missed the action in March, April, and December of last year, well, lets just say you have another chance. Today, we are looking at Siacoin, which is a well known alt coin. We are expecting huge gains if we can break the resistance shown in the 1 day chart below, sometime in mid May. This will be the first "long" term target. However, we don't have time for that and we need our profits now! The critical level inside this wedge on the 30 minute chart is 235 satoshis. We are expecting a bounce at this level in a few hours. Once we bounce we hope to see a quick 10% rocket up to the 260 satoshi level. Sell orders can be placed around here. However, there is a good chance that a flag will form once we reach these levels and we will continue upwards later. I will be posting updates as we go. Take a look at the DOGE chart. We expect to see a similar scenario as what happened there. Remember, don't panic and relax. You are lucky to be in your position and still in the game. Roll one.
Long
by Marijuana
1
Siacoin Roadmap for 2018 and Long Term PerspectiveSiacoin is a coin for a decentralized cloud storage and has been around since 2016. It can not be said that its a new coin, but one of the veterans in the cryptocurrency market. At the same time the price of Siacoin remains very cheap and currently, SC/BTC is traded at 130 satoshis! Obviously not many "veterans" cost that cheap and perhaps this could be a very interesting investment opportunity in 2018.  On the Siacoin roadmap for 2018 it states: "Our goal: Sia becomes production-ready for cold storage, begins to be used by companies, and introduces file sharing." If everything goes according to the Siacoin plan, this could trigger a strong rally in price, as not only people but potentially large companies will use Siacoin services for the cloud storage. Looking at the chart. Siacoin continues to reject the uptrend trendline and currently found the support at 88.6% Fibonacci retracement level. While the support is holding the next wave up could result in a rally towards the 430 satoshis resistance. But/when/if it will be broken, the upside potential could be enormous.
Long
by CryptoPAMM
Siacoin analysis 04/16/18Hi guys, I am not an expert this is only my personal idea, I'm open to all criticism and advice! So looking at the 4 hour chart of HITBTC:SCBTC we see that on 03-24-18 siacoin broke out of the inverse head and shoulders pattern and begann its bullish trend. I have drawn the Elliott waves leading up to the current date which include the 12345 Elliott wave made out of the inverse head and shoulders, the ABCDE correction following the initial Elliott wave and a new Elliott wave which is forming at the moment. My current projection is for the Elliott wave to remain in the channel I have drawn and it has shown effective acting as a resistance for the third wave. Currently a rising wedge is forming which indicates an incoming downtrend. There was also a bearish MACD cross once again signalling for bears. If the price breaks down out of the rising wedge, I project for the new support (Resistance for 03-25-18) to act as the bottom for the 4th wave to drop down to. Another possibility is that the 200 EMA, which has shown to be used as a support and resistance for the coin in the past, will act for the bottom support of the 4th wave. Now we must wait to see what happens, thanks for viewing my analysis I will be posting updates as often as needed.
Short
by Zelma
SIACOIN (SC) - 550% Possible EarningsHello again. Today we want to share with you another trading opportunity. S I A C O I N. This is a great project actually. This is decentralized Dropbox in which everyone can earn money giving their free space on hard disc. The more space you give the more money you get. Their developers' team is rated at 88% (coingecko) which is one of the highest results. This coin and in generall company has a HUGE POTENTIAL. Imagine every computer can be part of this community and earn money. With billions of computers and smartphones the market is really massive and we are at the beginning of this roadtrip. They already have 4.6 PB of the hard disc space, 904 active hosts, 228 TB used storage and their market cap is now around 340 mln $. 3 BIG EVENTS AT THE END OF MARCH!!! File Contract Upgrade - Form file contracts in 5 minutes instead of 60 minutes File Recovery System - Ability to recover your files using only your wallet seed Simple File Sharing - Share files with other Sia users Technical Analysis of the chart: Elliot waves pattern finished - waiting for upaward formation Very low accordnig to fibonacci leves Positive MACD divergence Chart close to SMA 50 Fibonacci targets: 1. 235 st 2. 353 st 3. 448 st 4. 544 st 5. 679 st 6. 852 st (ATH) Time frame - depending on the market and BTC - We assume around 3 months What do you think guys? Do you believe in this project? Please do share with us your views. We love our crypto family.
Long
by WBM_Team
16
SC compressing for another move upAfter the last surge in SC it has fallen and been building a base around 150-160. There has been recent volume to suggest accumulation. The first price target is 400 sat then 600 sat, and then the ATH+. I reiterate my position in SC is long term and I see us crossing the ATH by the end of Q2 or Q3 of 2018. I currently still hold a large position from 54 sat. Currently I see major events happening in SC that will meet these price targets. 1. Download code updated to support video streaming. Very quietly SC has upgraded their download speed and showed off video streaming which will be integrated in the next version of Sia. Video streaming has always been the most important part of SC since most data storage now and into the future is related to audio/video data. This also brings into the fold several options for partnerships, such as library credits and others that require large repositories of cheap data, which is perfect for Sia. This increases SC's use case tremendously and will only increase demand for SC. 2. 3 more coders and a liaison person coming onboard. Sia has also quietly been hiring additional programmers for their core team. They're already one of the most active coders in the blockchain space (as rated by coingecko) and this will bring faster development to SC. The liaison is being hired because there are so many tertiary projects that are using Sia as a backend, thus 2018 is quickly becoming the most important year for SC in its development. 3. Obelisk asics. There's been a lot of debate in the space about asics for SC. The key here is to exclude voices from those that are upset about the change, because they were miners and are being displaced and the very real danger of a proof of work system without enough hash rate. Interestingly, the 51% attacks on electroneum and verge recently may have proven that SC was right in creating asics for their blockchain to ensure they protect against a 51% attack. I think the asics are going to be very positive, in addition, the interest from companies like bitmain and Halong will also bring Chinese miners to SC which will incentivize an additional community that is invested in SC's success. 4. Coin emission schedule. Many people don't understand the coin emission schedule (inflation) for SC and haven't realized that back in Feb 2018, SC broke under 20% inflation. This is the same point where Ethereum began its price rise. Over the rest of this year inflation will drop to around 11% and next year it will be under 4%. Currently, based on a scarcity model, this will be the lowest price we are likely to see SC ever. With increased demand for the coin based on usage and ultimately video streaming (which is highly data intensive), as partners start to come on board through 2018-2019 the coin emission will be exponentially dropping at the same time, which will cause a spike in price. Interestingly, many don't understand that SC's coin emission keeps dropping until it reaches 30,000 coins in perpetuity, but this actually means that inflation will constantly fall forever from 4% to 3% to 2% to 1% inflation over those years. A constant coin emission simply means inflation is constantly dropping over the same period (Easy mathematical calculation). This misunderstanding will allow those that are prepared to be placed and ready for a big surge in price. This is also why I've taken up early position in the coin and am holding for the next couple of years through what I suspect will be SC's golden years.
Long
by Prothius187
3