SCBTC trade ideas
Siacoin Breakout Overdue...
Daily
Looking at our highest timeframe we see price has respecting a bearish parallel channel, after breaking out of 215—240 satoshis consolidation zone. Price has retuned to it’s breakout support zone. Daily candles showing higher lows being formed. Stochastic RSI showing momentum is slowly heading towards the upside.
4Hour
Shifting over to our pattern timeframe we see price is currently at a critical point, Short-term uptrend being respected, momentum showing us we want to head towards the downside. A 4hour close above 245 satoshis activates our trade, otherwise expecting a drop towards 220 satoshis before heading towards the upside.
Hourly
Finally looking at our trigger timeframe we see price is stuck in a design triangle pattern. An hourly close above 245 activates trade, momentum also being shown we are heading towards the downside. Hourly support at 230 satoshis.
Conclusion
Buy: After break and close above 245 satoshis on the 4hour.
SIA ready to reach the CLOUDSSia heading NORTH. RSI on 50level acts as support for the uptrent. Seems like price will make a higher close candle on daily chart. Guppy confirms the sentiment of traders and investors. Volatility is LOW. ***ALWAYS LOOK ENTRY WHEN VOLATILITY IS LOW AND TRY TO CATCH THE RIGHT DIRECTION*** Good Luck
Siacoin (SC) steady climb..I am not an expert in trading. This is simply my ideas based on movements and events this year.
- A3 miners gave unnaturally high numbers, twice..
After each increase there is a steady decline. This could be caused by the mining difficulty increasing as A3's come online.
There might not be a big increase from the Obelisk miners when they get delivered, since the team know what to expect.
- A higher number of sia file hosts might reduce the storage price and limit spending.
It seems the current version of the software is still difficult for new users to get started (both wallet and file sharing)..
When that is improved and running smooth - storage and spending might increase.
- Version 1.3.3 might be a good one..
Video streaming is exiting news.
Overpriced line shows an unnatural/inflated heading.
The others, I think, show a more realistic road ahead.. ?!
Hoping to see SC @ 500 sometime in August :)
Keeping a lookout for news about Siacoin being added to more exchanges..
Comments are welcome :)
Have a great day!
SCBTC In leg 2 of 5 in a major elliot wave?Please do not take these charts as advice - I am just learning and using the publish feature to store my charts to see how I can improve.
We need to break out of these triangles to begin wave 1 of leg 3 for the Elliot wave theory to stay in tact
Got a good elliot count
Price last made a new higher high but RSI shows a lower low showing hidden bullish divergence
We are at the end of wave 2 which means up from here
Histogram upticking
MACD crossing over
I am a beginner with these things so please don't take my advice as this will more than likely be nothing like what is going to happen :)
Good luck trading
SCBTC (SiaCoin) - Big Potential ProfitsHello Cryptonians,
SCBTC is being consolidated into a big wide flag, and we are eyeing a breakout here to the upside. SC is a really strong coin people, and I will always recommend to buy this coin and hold it for long. This can give you some good gain without any pain :P
All the indicators are looking pretty strong, and I have also marked some near term resistance in red to the top. Lets wait for a breakout here, and if you want to buy here without a breakout, you can do so, but just have a lot of patience with this one. It will surely give you great profits.
If we break the bottom support of the flag, we may go down a bit, but I do not see that happening here unless BTC dips or rises significantly. So, lets hold onto this one together.
Make your entries smartly people.
You can join our group/channel below to have great discussions with our community members where we learn and earn. Learning is important, signals are less important. Bring it on!
Happy Trading!
SCBTC BITTREXSia coin after the big spike recently has formed into a symmetrical triangle and is getting squeezed into a corner. Sitting right on a 4 hr support and very close to hitting the overall uptrend and I am hoping will will get a break up to retest daily resistance at around 300 sats for a 10% gain.
Watching very closely for a bullish engulfing candle off the trend line.
Siacoin bottom, long trade, near term sellI see a nearterm timeframe for a quick buy & sell on siacoin. Sell target 290 (low risk) 300 (medium) and if you are willing to accept risk set a high market book order in case of a pump (I would do 310). Just my 2cents enjoy and happy trading!
I would also hold sia long as it has the potential for some great gains
Eyes on $SC- Siacoin - 179 % potential from Current priceBeen busy working and traveling.
Pa found support at 50% retrace. Still above EMA's - Strong BUY.
Watch out for critical support, if that breaks we are going down and there's no hope for #altseason.
As always,
Red = Support
Green = Resitance
Violet = TP
Leaving you with some inspiration -
“The little space within the heart is as great as the vast universe.
The heavens and the earth are there, and the sun and the moon and the stars. Fire and lightening and winds are there, and all that now is and all that is not.”
― Prabhavananda
Cheers and Take Care lovely people.
Siacoin is looking for Another Breakout in Bullish Flag Pattern.Hey, I am back with another Technical Analysis , this time looking at Siacoin.
I was looking at Siacoin a few times from now.
Her movements always seemed clear to me as in every chart on Siacoin I was right , check related Ides if you dont believe me. For Second I really like Siacoin!
Their Project seems really great! Cheap crypto online cloud storage .
Okay, that was Siacoin In short, lets move on to the chart.
Mkay, on the chart you can there is a flag pattern that has occured and I also managed to find some strong demand/support zone at which we have already bounced off, but still if Bitcoin will see some more downside, it can fall to this level shortly, but I dont see Bitcoin falling right now.
Taking look at the Indicators.
MACD - Clear and long buy signal, more buyers coming.
RSI - Broke both levels and has found support at both ressistances which is just perfect. I never thought even RSI has its own support and ressitance but now its clear to me that it does, funny isnt it?
So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my discord channel!
Hope I made your view on whats going on with Siacoin somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!