SCBTC trade ideas
Sia possible uptrend?
SC/BTC SIA COIN
SHORT-TERM
Entry: 400 sats
S/L: 350 sats (strong support around this area)
T1: 440 sats (10%)
T2: 510 sats (27.5%)
T3: 599 sats (49.75%)
Looks like Tenkan-sen is getting ready to cross above Kijun-sen,
indicating bullish reversal. Will be following closely to see what happens.
If Tenkan and Kijun successfully cross and we break resistance at 380-400 sats, then we are a go.
SiaCoin Has Clear Bullish StructureWe are looking at really nice and clear structure on SiaCoin against BTC. We are tracking wave 4 correction, because of perfect 261,8% Fibo. extension of wave 1, which is ideal for impulsive wave 3. From January 06, we can see slow sideways move within three waves w-x-y down, back to ideal 38,2% Fibo. retracement and also test of channel resistance line. BITTREX:SCBTC actually found perfect support at psychological level 0.000004 for wave 4, so we expect more upside in coming days into wave 5 towards 0.000008-0.000009 levels. If from any reason drops below 0.00000278 invalidation level, then we may adjust the view.
Siacoin doing handle of the cap and bullish divergence on RSISiacoin doing handle of the cap and bullish divergence on RSI
With the upcoming updates we can clearly say that Siacoin is about to test the 750 sat resistance plus possible break due the updates!
31 March is the date to watch because of the following interesting update:
31 March 2018 (or earlier)
Siacoin (SC)
File Contract Upgrade
(Added 02 January 2018)
File contract making upgraded to form 30x faster.
PROOF SOURCE
Validation (639 votes)
31 March 2018 (or earlier)
Siacoin (SC)
File Recovery System
(Added 02 January 2018)
Ability to recover files your files using only your wallet seed.
PROOF SOURCE
Validation (584 votes)
31 March 2018 (or earlier)
Siacoin (SC)
Simple File Sharing
(Added 02 January 2018)
To be released in Q1. Share files with other Sia users.
Validation (566 votes)
Bearish Market Siacoin is not an exception The market brings much opportunity even in a downtrend. That is if you are bearish. 0.00000200 is still my ultimate target however I must take baby steps and execute milestone positions that way I can increase my earnings even more. Target is 0.00000320 and by the way it looks,its doable today tomorrow, something has got to give. The supply is not meeting the demand, sells are saturated with Siacoin asking prices that are astronomical compared to what buyers are willing to pay with such a short supply of btc. Bittrex currently still has new registrations under suspension . At this point i'm just waiting patiently but rest assured, my bag will be filled.
Bullish Pennant Pattern + Fib-based ExtensionIt looks like Siacoin/BTC chart is forming a pennant pattern, which usually means there will be a break out pretty soon. Right now, price is at the lower part of the pennant, volume is small and price move a little, forming a support level at 350 satoshi. MACD, RSI looking good. Using Fib-based Extension, I think it is reasonable for a target at 50% level, which is near the previous high at 585 satoshi.
Target 65% profit in 2 weeks.