SCBTC trade ideas
153-310 sats by May 2nd, or exit!Just looking at the previous SC pumps with the paraeye. We had the crossover week, then +1 red candle retracement week. Then both times we had significant continuation (3.6x and 1.6x).
So... I will be looking for SC to pump to 153-310 next week. If not; take that as a bad sign, and find your nearest exit.
SC Bullish Flag - Breakout EstimationConsidering the current bullish flag formation (considerable spike up followed by a pullback and down trending consolidation), this is my estimation of what we can potentially expect with an impending breakout. It's important to note that once we've broken resistance, you will need to look for higher than average trading volume to confirm the breakout will continue beyond the current cycle ATH. I estimate the volume will likely need to be at least 180m on a 4-hour chart to push us where we want to be.
The breakout referenced will be followed by a retracement and consolidation back to lower 100s... moonshot soon after that.
Just my 0.00000002 sats . Open to any/all feedback and comments.
Not financial advice.
SC to consolidate then up to 120-150 sat range? Moon soon afterNew to the game but wanted to get your guys' opinion.
In 2017 we saw something very similar to what we're seeing now. SC spiked to 90+ sats in late April 2017 then pulled back and consolidated for about 5 days before rocketing past 100 sats. Current SR lines seem to be showing a wedge that I believe will result in another pump around Apr. 21st sending us to low/mid 100 sat range. Should see us remain within 73-86 sat range for the next couple of days, tapering inward as we get closer to April 21st. Moon shot thereafter.
Let me know if you all agree. Also - as stated above, I'm new to the game so any critiques/feedback on my TA are most welcome!
Not financial advice.
Siacoin rocketshipHey Guys, i may be familiar to some of you who have seen me in crypto chat, i've been spamming buy Sc/btc since 20sats.
No need to worry you definitely haven't missed the rocket ship, its takeoff has just been confirmed with the recent price action and there's plenty of seats left to jump on board, under 100 sats is very cheap for this awesome project, i mean who doesnt believe in an unhackable blockchain cloud to store your media?! Sia are also branching into decentralized social media, this stuff is the future, no icloud hacks and no big tech storing all your information, it will all be safe on the blockchain and theyre releasing updates including skynet thick and fast!
Siacoin is strongly linked with an upcoming coinbase listing that it seems will inevitably arrive, a quick scan of the coinbase Rosetta API projects website hints at the potential upcoming siacoin listing.
This chart depicts the extremely bullish channel Saicoin finds itself within and the local fibs it needs to clear for continued growth. It is expected to hold the channel and continue upwards. The bottom pink trendline is a newly formed support with the upper pink trendline being resistance as we go up.
Bar any bitcoin dominance this is one of the easiest plays out there.
Sia coin makes up the majority of my portfolio and has been an easy Hodl with triple digit percentage gains over the last month.
We are looking at reaching at least half of previous all time high of 600 sats .
Minimum long term goal of 300 sats on this one, we will see profit taking, retracements and the like of course. Just buy it, Hodl, reload bags on the dumps and enjoy the gains.
This can make you extremely wealthy.
Possible cup and handle - SIA to start April with a BANG! Hi all,
Main TA Points;
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1. Weekly S/R flip confirmed.
2. Break and retest of 3 year down trend confirmed.
3. Decentralized storage platforms all performing strongly (FIL STORJ).
4. Critical fib level claimed, assuming S/R flip of critical level.
5. Based on above assumption we have a possible cup and handle patter.
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Talking Points;
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We are at the cusp of the start of a new month with a strong finish assumed for March. We would like to see price maintain above 44 satoshis which it looks like it will do over the next 72 hours. From a weekly perspective we could see a wick down in the low 40's but I would think its unlikely for us to go much lower.
For those unfamiliar, SIA is in my opinion a top 5 coin from a fundamentals perspective and is vying for a large piece of Web 3.0 architecture. It has a working product, a capable team, and a foundation model ensuring its financial longevity. Having had a significantly longer than normal consolidation and accumulation period, historicals would suggest violent and powerful impulses will continue to follow from here until the end of the year.
I believe April will see the bitcoin pairing at least swing to 60-80 satoshis with the upside up to the 200's range.
Interestingly, both FIL and STORJ are also experiencing strong growth and SIA in my view being the possessor of a superior solution will also follow this strong trend. I would even say based on year to date growth it already has.
We have also broken a down trend that has lasted some 3 years with an extended accumulation period. This is an extremely bullish sign and would signal that this is infact the start of SIA's bull run; even considering the strong growth that has been experienced up until now.
Linked are my previous and most recent ideas which have been confirmed for SIA.
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Estimates;
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As a measured move we are looking to test the 63-65 Satoshi level. I have provided an conservative trade setup having set the stop loss just below the red ichimoku cloud. Please be mindful this is a high risk trade, the vanilla trade would be to enter at the break and confirmation of the pattern.
If we hit this level in the first week of April we could actually see SIA climb into the 100's if not even higher. It is not impossible for us to revisit all time highs from a USDT perspective, in which case a run between 100-200 satoshis is certainly on the cards this month.
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.
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SC full roadmap targets Selling at yellow, rebuy at white. Simple. Goodluck.
Confidence level = High.
Risk level = Mid
The chart is good for SC holders, non-SC holders I recommend other cheap coins that still did not hit much. I think you guys know what I am talking about if you have been with me in the communication channels.