SIACOIN SC on Poloniex 100% Minimum Profit Path - MThis is a medium risk trade if stop loss is set correctly.
Chart is self explanatory. If you have any questions just comment below. This was a members only chart but now is publicly available.
RSI is below average which is good and MACD like on most other crypto's has huge room for great growth.
Enjoy this trade guys!
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
SCBTC trade ideas
Siacoin idea sounds goodCoin of the day is Siacoin.
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.
From the technical point of view the price, which had shrunk along with all cryptomarkets during the start of the 2018 and now unfolded not reaching the 0.000001 level.
Today SCBTC pair Had completed the Reverse Head and Shoulders pattern with the Head at the 0.00000114 and started to grow accompanied by jumps in volume.
From the upside, the bulls will meet 0.0002 resistance and 100-days EMA after it. Breakthrough of these levels will confirm the development of the upward cycle.
From the downside, Bullish Trend Line and short-term support at the 0.0000016 will support the uptrend.
SC is getting ready for rally, 100% return is possible Hello Friends,
BITTREX:SCBTC fell to the bottom from 450 SATs to 117 SATs ( ~ 75%). Currently, the price has broken the long-term downtrend and forming an Inverted H&S , the neckline is at 153 SATs, once it is broken, one can make 35% returns.
I am expecting the price to fall to test the neckline after the 35% returns which is the positive sign. A pullback at the neckline would confirm the rally of 3x returns.
My rate is at 151 SATs, my stoploss is below the low (117 SATs) , Target 35% . Long term is 300-350 SATs.
Good luck with your trades.
Time to trade! Cash is King!Siacoin has finally decided to join the party and giving us some strong buy signals, this coin has potential of 300%+ for a long hold.
We are going to buy, Trade and sell it as we can turn over 300% in shorter timeframes on other trades.
Those of you that work though may be interested in putting this into your portfolio as a hold.
I am going to trade it, I am waiting for the first candle to close outside the trend line to see a very nice run.
This coin I have already bought the reason being is we have many indicators here pointing us in the right direction.
You will see the underlying trend here of Siacoin on the 200 SMA (purple line) is still a downward trend but if we jump down to the 50 SMA we have just met price.
Siacoin has been trading down in this channel for quite some time and bouncing off its support however as you will see circled in blue this time we bounced from a bottom that was created a number of months ago. You will see the aggressive buys in the blue circle this shows us the buyers are going to beat the sellers there.
You will notice the change in trend on the A/C indicator, people are buying up SC and not selling it off therefore we are gaining momentum and this will drive us to a breakout.
I took an aggressive entry and bought yesterday, the reason for this is 20 and the 50EMA have just come under price and crossed, this will provide very strong support to get us outside the channel (green line) we can then use this line as our support and safety net for a stop loss.
I want you to look at the blue arrow pointing down here you will notice as the candle put in a lower low yet the RSI was punching out a higher high (circled in purple), this is the bullish divergence we look for in these coins that have been travelling downwards for such a duration this will usually give us enough insight to see change of direction.
Targets are the blue lines, this trade will develop nicely over a short time period, the conservative investor will buy first 4H candle to close outside channel, when this happens buys will come in strong.
Cash is King! I have a few trades today I will release for you all!
Siacoin SC Poloniex - It has been a long time since we moved - MThis is a Medium Risk trade.
Siacoin, if it follow prior movement, will fall to our demand zone and most likely bounce off one of them. Safe thing to do is buy at demand zones, with a very tight stop loss in case it continues down. That way you won't lose much if it moves down but will be in the game if it starts bull run which can last anywhere from 5 days to 52 days.
I will keep you updated on this trade if you follow me.
Do not invest what you cannot afford to lose. We are not your financial advisors.
SIACOIN/BTC-Daily-Bullish descending wedge filling towards apex.One of my favorite projects, SCBTC, is seeing a beautiful descending wedge, heading to the 80-40 satoshi range. Declining volume, along with a declining RVGI might show signs of a trend reversal as we near apex. What may pull SCBTC out of this wedge sooner is the public release of RC 1.3.2 and sticking with their timeline(trello.com), especially the releases in the medium term. Might be another big pump this year for SCBTC after further consolidation from its high. Although I am bullish long term for SCBTC, the potential for it to go lower has me waiting for a better price point.
Siacoin: having a hard timeShort way to describe Sia is 'dropbox on the blockchain'. Sia has been around since 2015 and allthough the idea sounds pretty cool and the solution is live for quite some time now, getting it adopted is still a huge challenge. User statistics are pretty poor and there are many complaints on various discussion boards about setup troubles.
From a technical view I have really zoomed out here to the weekly chart. It doesn't look too nice. Allthough we have some sort of uptrend supportline, it is still well below current price. Price painted a lower high early january. On the way down it broke horizontal support and is currently at 78,6 Fibonacci supportlevel, which isn't the strongest fib level. Unless another altseason starts on short notice and traders go nuts for low priced alts again, Sia will most likely fall below 100 sats once more and could even go towards 50/60 sats.
SIACOIN AT 78,6% FIB LEVELTHIS IS NICE BUY ZONE IF IT BOUNCE, THE PRICE IS IN PARAREL CHANNEL WITH PRICE CONTRACTION, THIS HAVE TO BREAK THE 161 SAT TO BREAK THE FIRST CHANNEL AND NEXT IN 215 SAT TO CONFIRM THE CUP&HANDLE
MY OBJECTIVE OF CUP&HANDLE IS 600+ SATOSHIS SO LETS BUY AND HOLD WAITING THE CONFIRMATION OF THE CHANNEL BREAKED
HAVE A NICE TRADE!
Siacoin - Approaching consolidation zone Those who believe in SC can start buying within 10 SATS range from current level. However consolidation may take longer. Expect to spend a week / two before 25-40% bounce. We will still sell SC on bounce based on our last call if it does bounce. So its a two way play now
SC - Robust Support?Thoughts
- Currently in a strong support area
- Far from breaking the 1HR trend line (From this we are still bearish)
- In terms of the global fib, hovering around the 0.236 which coincidentally lands on the local 0.383 Fib.
- It is possible that it drops down to test the local 0.236 Fib
- It is also possible that it heads up to test the trend line and the local 0.5 Fib
- In my opinion, I don't generally like hovering around support, this often ends up bearish
- EMA (200 and 50) are far apart, expecting a test of the 50EMA before the test of the trend line
- SC has a lot of work to do before the trend reverses
- But as always, tight stops are required.
- Long - stop loss @ 180
- Short - stop loss @ 235