SCBTC trade ideas
SCBTC end of correction ? Same targets : 2 diffents pathway !Hi guys,
i reworked my count. I added a new pathway because we might correct on a larger time frame. I putted my old post count (orange count). I made a beginner mistakes by putting point C of ABC triangle pattern higher that normally should be. Look my XRPUSD post where i correctly putted it, i cant explain why i didnt apply correctly my method here (emotions ? distraction ?).
We have same targets as posted before. The pathway A (green count) is the pathway where SCBTC correct longer. As i always said TA doesnt gives timeframe, direction yesm target yes, but not timeframe.
Remember that correction are healhty and part of the game. After a +100% run, correction is expected. the uninformed will panic sell, thats why you need to anticipate the next move for the better move. Also take note that timeframe may extend thats why i felt like an another pathway might be possible (pathway A) since BTC rally might hold us down for few days before we get the benefits from it.
Please feel free to ask your questions. I know that sometimes people dont know exactly why my count take this or that shape. I will answer you my best, sometimes i just leave these things in my head, srry !
Take care,
Simon
Siacoin Buy OpportunityThe price bounces from the support zone. RSI confirms price reversal. MACD supports upward movement. DMI allows opening long trades. Buy orders can be placed at 0.00000057 level with stop orders at 0.00000048 level. Profit targets are 0.00000070 and 0.00000100 resistance levels.
How To Profit From Any Coin (Simple Strategy 4 Beginners)Hello my fellow crypto-traders (my dearest souls). I want to share with you a very simple but powerful strategy. A strategy so simple that anybody can use with no knowledge or background in trading. After just reading this educational idea, you can use it forever and ever, or use it as a stepping stone to learn even more. Let's get started.
Here I want to share with you how you can look up your own coin, take a quick glance at the chart and prepare yourself to profit massively in the long run from it. For this strategy to work, you will need just a few basic ingredients.
1) You need to research a coin that you would like to HOLD for LONG and profit from.
2) Make sure the coin is at its lowest, or near its lowest point.
3) A coin with a real world use, a product and active developer team.
Now, here is how the strategy works.
For this example, I will be using Siacoin (SC).
1) The first thing is that this coin has a real product that people can use and has been in the market long enough. So I know it will still be here a year from now or more. Or at least that's the potential based on my research and past record of the coin.
2) Open this coin chart. You can set the time frame to 1Day or 1Week and zoom out. This will allow you to see the whole story, the bottom and the top. You can also add some indicators like MACD and RSI for fun. If you don't know how to use them, it is ok, but you should learn, because if you are going to be trading, knowing this will only result in an advantage for you.
For this example, Siacoin top was 0.00000838 on June 2017. The price is seating near bottom or at long time support at 0.00000050 in this example.
Now, long term coins with real world use product and an active developer team always tend to challenge its top price at least once a year. In this case, the difference between the bottom price and top is about 17x. That's your profit potential.
3) Start buying your coin. Anytime you can and every time you can, buy some of these coins. Build your stack and keep on buying. As an example, let's say you are going spend a total of $1,000. It is better to buy $50 every two weeks for 10 months, or $100 per month rather than $1,000 all at once. This is another strategy but I will tell you about it another time. You can also choose to buy all at once as you chose a coin that is already bottomed out. AND THAT'S IT.
Buy your coin and hold. Buy and hold.
At one point, you will see something really beautiful happen. News are going to be announced, upgrades are coming to the protocol, new products are going to be developed and released, and your coin value will explode. At this point, you already have the potential to earn 17x. But if the top is broken you can earn even more, way more. As 1 year can be equal 10 years in the crypto-world. On top of that, the Bitcoin price can also increase, giving you a double benefit on the earnings from your coin at the time you sell if that happens. You are to sell near the top, after the top is broken or when you feel comfortable with the amount of earnings that you have accumulated based on the amount of time and money you put into the coin.
The price swings will always happen and they don't matter. Just keep buying on every dip.
So all you have to do is research a coin. Something that you agree with, with real world use, a product, concept and developers team you like and start investing in it. In a few months time or more, you can make such a big gain from this coin following this strategy, that it can change your financial life. Everything just for a few minutes of your time and the ability to be able to widen your perspective and look at the long run. Short term is overrated, ask any professional trader.
And that is all. Hope you enjoyed this strategy, and you can even apply it to this very same coin.
NAMASTE.
SC/BTC Bigger picture -> Possible 400% profitSia just completed a full impulsive and corrective Elliot Wave. Right now with the hard fork successfully completed the momentum is on Sia's side. Around 65 sat is a brilliant time to buy in and ride the next leg up. If you plan to hold to the final wave a 400% profit is not out of the question. Stop loss at 55sat.
Thanks for reading, make sure you give this analysis a thumbs up if it you liked it and, as always, make sure you do your own research!
Siacoin Long Term TradeThis is a long term trade. The market gives us a new swing high which can be used for placing new buy orders. Entry level is 0.00000105 with stop orders at 0.00000042 level. Profit targets are 0.00000150 and 0.00000280 resistance levels. MACD lines and DMI support upward movement and if the price breaks SMA100 and the resisatnce level, we should expect for a new uptrend. Based on the breakout signal, we'll be able to join this market movement on time.
Bottom consolidation and compression ready to move upWell we've finally gotten an inflection point and we are seeing what looks like consolidation at the bottom. Bittrex looks better than Poloniex, but both are showing the same signs of reversal. We must see a break above resistance at 70-75 to get our first true reversal signal. I am already long SC and waiting for the return of the alt bull run. As you can see from the graph that we have been getting a nice consolidation wave that is compressing into the Ichimoku cloud. If we see a strong break here at 70-75, then we will likely see buying pressure push up towards 100 and our next line of resistance. The blue lines were previous support that will ultimately need to be broken. If we cannot break at 70, then we will see a drop before another rise to try the resistance at 70 again. If you're not in this trade yet, then wait for a break and confirmation of 70-75. If you're willing to wait longer, then buy in now at the current levels, as we're seeing the alts starting to bubble up again, which means more money will be moving to alts and we will see the alts move into their next bull run after the 2nd bull run in May/Jun 2017. Remember to not chase profits. Buy into quality crypto that has potential positive news and HODL. I wish you all luck in your trades. DASH and ETH led the last bubble earlier this year, and again we're seeing them leading the way. I've already preparing myself by buying into key alts for the potential for the 3rd bubble to start back in Sep/Oct. According to altindex.io, we are seeing the beginning of the alt bull run.
RE: SIACOIN Long opportunity!Heres a reupload of our Sia analysis. A mistake was made on our end and broke Tradingview had to remove our post.
*Thank you to Jasper for clearing everything up for us!*
We entered long at 0.00000060, and we're still currently about 110% in profit!! (In terms of $!)
Heres our look on SCBTC!
Price has broken the trend, created a flag and the flag has broken out! So from the current price we enter long;
For more confirmation..once the price goes above 0.00000075 (yes that is six zeros!) it also creates a double bottom on the daily!
No take profits were stated, because we're planning to be long until we see an indication that price is reversing or price hits our stops.
We appreciate all the supportive feedback and if theres any questions or comments feel free to let us know!
Check out our social media pages!
SIACOIN - Simple Support & Resistance. RSI / MACD.SIACOIN is another coin that has faced a run-up in price today, we are up 99% from a few days ago where the price bottomed out and started to consolidate which has to lead to this increase.
You should expect the price to drop in the upcoming hours since the market may need to correct before it can continue moving upward, there are two support lines, one being the first support and the other being the secondary. If the first support is broken it is likely we will see a drop to the second one.
RSI is in the overbought section which indicates a very overbought market signaling a potential decrease.
MACD lines will look to cross over in the upcoming days which is also another bearish indication you want to watch out for.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.
SIA Long - based not on BTC/SIA prices, but USD/SIA prices.With BTC skyrocketing lately, a lot of people forget to look at the fact that any coin going even sideways with it is also actually gaining value, and if it is going up in its' BTC pairing, that means it is growing *at a higher rate* than BTC in terms of value to increase.
For example, for every $1 that LTC goes up, is 1% of LTC's total value, at the time of typing.
BTC has to go up almost $115 dollars to go up by 1%, at the time of typing. This is mitigated by the sheer volitility of BTC, but the line of thinking is still valid. In turbulent markets, look to stable currencies like USD/USDT for your growth charts, not BTC comparisons, unless you're a diehard BTC trader or HODLer.
But if you're just long-hodling BTC, odds are you aren't trading against USDT, and either way you'll be fine. I personally think being patient and long-terming BTC with small hedges in LTC and ETH are the best idea, but for the swing traders, SIA shows a lot of promise.
Siacoin (SC) Huge Long Potential 10x+SC bottomed out for a long time. Support held strong.
Up movement is starting now, huge potential.
*** Siacoin has a real product and upgrades are being made. Solid coin for long term trades.
Short: 0.00000129+
Mid: 0.00000450+
Long: 0.00000700+
You can check the chart daily.
Capital management recommended.