SCPERP trade ideas
revisiting the Log long term graph of SIA #siacoinLooks like Sia bounced nicely off the bottom long term support line. I adjusted the support line just a bit as my previous lines were off by a tad. Log graphs can make it harder to draw lines as accurately as I needed to. That being said I think the idea persists and its ok from time to time to make adjustments to lines to become more accurate. We had a scare there for a minute as the price dropped below $.01, but the market bounced nicely off that bottom. I don't think we are out of the woods yet as there is still some consolidation occurring at the support lines. Externalities like the G20 meetings and fluid regulatory environments across the globe are causing some turmoil, but I think this all gets sorted out. The language from these regulatory bodies consistently has been for light regulatory measures as not to completely undo this progress blockchain has made in the past few years. So overall I suspect language to emerge that supports blockchain and the underlying investments but keeping a strong eye on potential red flags such as ICO scams, misuse to hide malicious activity, and to make sure brokerages can be folded into existing regulations without disrupting the market too much..
scusd soon up?I don't think it breaks down the support line(red line).
We should be at the bottom. I will hold at least for 3 months.
Bullish Callout For Sia CoinHey you lambo hungry noobs, theres a MACD diversion on SC - $0.025 Drive - short after then re evaluation; dont wanna miss it
2 Cents aint nothing, and a drive to 3 cents may put a smile on your face depending on how much your handling.
Sia long term wedge test #siacoinLooking at the logarithmic long term Polonienx graph (most data I can get my hands on), we see the lower HA candle wick touched the lower support and bounced off. I would argue the algos are looking at this chart as well, and see the same support lines. I expect Sia to do well long term but it will be confined by this uptrend channel (ascending triangle). I would become fairly worried if the chart broke support. The platform is usable and actively funded and developed, so seeing this coin drop beyond support level would indicated either massive global selloffs or a major loss in confidence of the platform. I doubt the latter. But that being said this movement to the support line falls inline with my expectations of price movement and gives me comfort we might start seeing light at the end of this tunnel. I would say as price approaches support there is a good case for buying. We still have quite a bit more movement either sideways to down, but we are right up against the support lines. lets see if it can hold.
Siacoin upwards potentialAs most alts this one was tracking nicely with Bitcoin but now seems in a catchup mode, 10% up potential
SC Long term #siacoinlook like long term trend continues to be in tact This is a logarithmic scale so price moves up quickly on the right side of the graph. I see $1.00 + in 2019 perhaps higher after. Thats really only about a $30 Billion market cap, which is still fairly low considering their application and how far along they are compared to others in the space.
H4 Siacoin - B/O long singal w/ measured move$SCU bullish B/O from ascending triangle could be a signal for a measured move into resistance at the 161.%8 fib ext.
I am long from the breakout, will look to take partial profits if price stalls/looks weak at the 200MA
wider crypto market currently seeing a bullish reversal, Siacoin might struggle to push higher if market sentiment sours again
Sia looking for higher levels in a H-I-J-K'ish patternEver heard about the h-i-j-k pattern ? Me neither but this nice looking cyclic pattern deserves to be named something because if you look at it (keep looking), it's a damn fine good looking confidence boosting pattern indicating Sia will take it to higher levels soon. Based on a boring classic purplish triangle we can see peak periods and bumps get shorter as we go from left to right (yeah, not the other way) and we have those orange peakline angles going from a negative angle to the perpendicular to positive ones as we move towards the decision tip of that triangle. I can't do more sofisticated about it than what I just described but this is all about how human (or bot) behaviour unfolds in numbers, it's all in the patterns.
Oh, besides the h-i-j-k pattern, another element that will surely take SC to higher levels is that ASIC mining took over recently from GPU mining, allowing the SIA technology to be rolled out in a much more secure and reliable way (and the SIA dev team no longer considering a soft fork to exclude bitmains miners also helps, they need all that ASIC power to grow).
If you would ever re-use the h-i-j-k pattern, just remember I'm hereby holding a pattent to it but OK for you to use it if you donate some of your SC's > e74f3dd1bac9ca9ff82c84d966b7884d2fb8b2a9bf6a1812e2d749a29feafa64a5cdaba2ea2a
happy trading !
Siacoin 0.12 is possibleNot bad but not so good either. I would buy anothers coins but hey whales like this coin.
Siacoin to the moon?Hi there,
Note that i'm not a professional, i'm here to learn and therefore feedback is much appreciated.
I've noticed two contracting triangles in the SCUSD chart. This in combination with the fact that the SCBTC chart is showing a massive cup&handle pattern makes me believe Siacoin is going to skyrocket soon.
Now i have to say i just started reading up on Elliot waves so correct me if i'm doing anything wrong.
Also i would like to know how i could place the last 5 impulse waves on the correct height when a symmetrical triangle like this occurs. Is there anybody who can give me feedback on these questions?
Thanks in advance.
SIA why its a big dealthis is another side of SC
I pair it with USD so we will know better whats going on
look at fibb level was on the track in the past
maybe we will hit that target above in the future
and if we are breaking ATH
the target is on Fibb level as well!!
lets get ready for this
RSI look ok
CCI look overheat
MACD looks great
Siacoin on track for $0.09 on FEB 1st, still Bullish!Same chart that i published two days ago, but the bright blue/teal arrows and horizontal line were added just now.
I updated the other chart with my thoughts on sc's performance over the past two days, and what it means for feb 1st.
for fun, i decided i'd add those bright blue/teal arrows and line to see whether i could predict (somewhat) its price on feb 1st.
if it validates, then we would be on track to see $0.20 sometime in the middle of february, but of course it all depends on the market-trends as a whole.
