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Siacoin / Bitcoin

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SCBTC trade ideas

Siacoin - Heading towards major bullish trendlinesupportSiacoin is heading towards the major bullish trendline at around ~38Sat with another support at around 45Sat: Volume decreased massively (-) Walking the Bands during downtrend -> Trend is strong (-) Daily RSI is coming from an oversold region (-) MACD is flat (/) So i would guess the support around 45Sat will be crossed and a potential buyzone could be the bottom of the bullish trendchannel at around 38Sat for an early entry. Safe entry would be to wait till market breaks out of the marked downtrendchannels
by Hallemahalle
4
Siacoin Entry LevelThe trading idea is based on a bullish divergence. The price diverged with MACD lines and it gave us a trend reversal signal. Taking into consideration that the market has been fallen for a long time, we should be ready to the trend reversal with further upward movement to the previous resistance levels. RSI confirms price reversal in the oversold zone. MACD lines support upward movement. We have buy opportunity. Pending orders can be placed above SMA100 and the resistance level. It's 0.00000060 level. Stop orders must be at 0.00000040 level. Profit targets are 0.00000100 and 0.00000150 levels.
Long
by DLavrov
18
Siacoin inside 5-3-5 correctionMy general idea of Siacoin and my first TA i publish: Siacoin is currently inside a 5-3-5 correction marked in the chart and reached an old support at ~110Sat (dropped below on Poloniex but not on Bittrex). The question is now does this support holds and Sia breaks the downtrend? I dont think so due to the following points: 1. Ichi Cloud is still not crossing, so the downtrend is still strengthened. Anyway, it seems like it can cross in near future. 2. RSI is inside a downtrend channel 3. Vol. is also inside a downtrend channel So my thoughts is that the price will perform some bouncing at the support line and then keeps dropping. Next support is at ~40Sat. Buy signals would be a bigger spike in Volume (crossing through the channel perhaps after BTC correction FUD is over) and a significant trend change of the cloud. So considering the current state, i dont recommend to buy it. Wait till the market desides where we will go.
Short
by Hallemahalle
2
SC ready for accumulationSiacoin is entering our accumulation zone. It will be very tough to call an absolute bottom on this one. You need to understand we had a real expansive cycle and majority have suffered huge losses from the top on down. We can establish a line in the sand on the long accumulation belt as we can see from the past, has been an ideal buy zone. It's hard to say with so much buy support defended at these levels if we can get there again, as we can see we have had only a few wicks of panic selling into there. I would consider to buy Sia here at 67 and average down if we get there. For every seller you need a buyer and vice versa so you cant freak at a -10 or -20% from here because its not the same as being -20% when we were up in the 300+ sat zone. You need to understand how the game is played. When markets are in these phases, they arent meant to be actively traded. I would be accumulating for sure for its next inevitable cycle since both fundamentals, technicals and community is sound.
Long
by Papou
12
Siacoin Trading OpportunityNew trading opportunity for Siacoin. The market is going to reverse and start upward movement. The price diverged with MACD and RSI and it gave us a strong trend reversal signal. We can trade based on a breakout signal. The previous swing high is above SMA100. If the price breaks SMA100 and this high, we'll get a good confirmation of further upward movement. Now MACD supports downward movement and we should wait for the reversal. RSI is going to confirm price reversal from the support level. We don't have strong signals for buying now, but breaking above the previous high will give such signals. Pending orders for buy should be placed at 0.00000078 level with stop orders at 0.00000055 level. Profit targets are 0.00000150 and 0.00000300 levels.
Long
by DLavrov
24
SIA breakout comingCurrently SC is trading around 60 sats and is in the demand zone. And seen as in 3 days the bitcoin gold fork will happen, a lot of people will probably throw their BTC back in alts after the fork, which would start the breakout for SIA. Ontop of that there is also a fairly big update planned to release next month, which will give SIA an even stronger boost. TA-wise SIA is also closing in and is due for a rally up. So all in all, good events are ahead for SIA and there is a very high possibility the breakout could result in 1000%+ gains compared with the current price.
Long
by hurt
1