SCBTC trade ideas
Sia SCBTC - All Aboard The Sia Train. Destination, Next Fib LineLots of things pointing to the .00000900 area as the next target.
We've got a channel, cup & handle , bull flag , and all the targets meet at the next fibonacci line.
I'm as confident in this one as I get. I'm already holding so I'm not looking for any particular breakout point, but I'd say now is as good a time as any if you're looking to get in. There's even a mini cup & handle breaking out right now on shorter timeframes.
Even if it doesn't work out for some reason, Sia is still a great hold - so I don't feel shy about highly recommending a buy right now.
Good luck!
SC Support and Resistance lines
Bounced nicely up from Fib 0.618(500). Today's resistance at Fib 0.786(600). Should break it easily in 24 hrs. Looking at it's previous movements, Fib 1(740, it's recent ATH) will be blown away on the way to 850-900, maybe more. Please book at least half your profits here and and keep a close eye on your remaining investment. Comments are always welcome.
My thoughts on SC for the next few daysLooks like a near perfect cup and handle formation has just finished, which could signal a slight uptrend. I don't think we are going to see any significant upwards movement for a few days, and certainly nothing sustained until maybe next week. It will probably dip back down to 500 or below a few times before it moons, but just buy the dips and hold. Also, check out my Mid-term prospects SC idea for an idea of what I think will happen over the next two weeks.
SIABTC Poloniex - Is about as low as one is going to get at......current price point. If one is going to get into SIA, this is about as cheap as you're going to get.
Could it go lower than 0.00000500 again? Possible. But 0.00000514 is pretty damn low right now.
I've been sharing this with my chat group for the last couple of days. I drew the green scribble a couple of days ago. They can confirm in my chat group.
I believe this is an excellent opportunity coming up in the next several days. We may have another 4 to 10 days wait before lift off. Not quite sure "when" but I'm pretty sure there will be a lift off soon.
It's quite possible it goes down to the point of the wedge seen drawn with a diagonal magenta line arrow angled downward. Time will tell.
This TA is my "opinion." I'm not responsible for any trades made based off my opinions.
David