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SC

Siacoin big breakout!Siacoin broke again and the surge was quite impressive. The drive was led out of Korea on the Upbit exchange with around $50M in volume driving us right past the monthly pivot. We hit TP1 and retraced to the .618 fib and has been holding steady. I expect some consolidation here as we prepare for another leg up towards TP2 at 550-600 sats. The news out today was that SC had a fiat listing added for KRW/SC on the Upbit exchange. Siacoin has added several new exchanges over the past 2 weeks, which is driving additional volumes and interest for the coin. It was back in January when the only real exchanges were Bittrex and Poloniex from its last ATH. Given the additional trading volumes and ever increasing markets for SC, I expect the price to continue accelerating upwards. As I wrote in a past idea, SC is currently dropping exponentially this year towards 11% inflation and then towards 3-4% inflation at the end of 2019. The additional interest in the coin and the drop in inflation will create a perfect storm of price increases, especially as video streaming is about to be released on the platform in 1.3.3 soon. Of interest, SC is hiring 3 more devs and doubling the size of their development core team. They are already one of the most active programming teams (according to coingecko.com) and we can expect fast and furious development this year as they prepare for end uses to come online by the end of 2018.
Long
by Prothius187
4
Siacoin Breakout Overdue... Daily Looking at our highest timeframe we see price has respecting a bearish parallel channel, after breaking out of 215—240 satoshis consolidation zone. Price has retuned to it’s breakout support zone. Daily candles showing higher lows being formed. Stochastic RSI showing momentum is slowly heading towards the upside. 4Hour Shifting over to our pattern timeframe we see price is currently at a critical point, Short-term uptrend being respected, momentum showing us we want to head towards the downside. A 4hour close above 245 satoshis activates our trade, otherwise expecting a drop towards 220 satoshis before heading towards the upside. Hourly Finally looking at our trigger timeframe we see price is stuck in a design triangle pattern. An hourly close above 245 activates trade, momentum also being shown we are heading towards the downside. Hourly support at 230 satoshis. Conclusion Buy: After break and close above 245 satoshis on the 4hour.
Long
by UnknownUnicorn2434649
Siacoin (SC) steady climb..I am not an expert in trading. This is simply my ideas based on movements and events this year. - A3 miners gave unnaturally high numbers, twice.. After each increase there is a steady decline. This could be caused by the mining difficulty increasing as A3's come online. There might not be a big increase from the Obelisk miners when they get delivered, since the team know what to expect. - A higher number of sia file hosts might reduce the storage price and limit spending. It seems the current version of the software is still difficult for new users to get started (both wallet and file sharing).. When that is improved and running smooth - storage and spending might increase. - Version 1.3.3 might be a good one.. Video streaming is exiting news. Overpriced line shows an unnatural/inflated heading. The others, I think, show a more realistic road ahead.. ?! Hoping to see SC @ 500 sometime in August :) Keeping a lookout for news about Siacoin being added to more exchanges.. Comments are welcome :) Have a great day!
by EO2
SCBTC (SiaCoin) - Big Potential ProfitsHello Cryptonians, SCBTC is being consolidated into a big wide flag, and we are eyeing a breakout here to the upside. SC is a really strong coin people, and I will always recommend to buy this coin and hold it for long. This can give you some good gain without any pain :P All the indicators are looking pretty strong, and I have also marked some near term resistance in red to the top. Lets wait for a breakout here, and if you want to buy here without a breakout, you can do so, but just have a lot of patience with this one. It will surely give you great profits. If we break the bottom support of the flag, we may go down a bit, but I do not see that happening here unless BTC dips or rises significantly. So, lets hold onto this one together. Make your entries smartly people. You can join our group/channel below to have great discussions with our community members where we learn and earn. Learning is important, signals are less important. Bring it on! Happy Trading!
Long
by MoneyChartz
Siacoin huge movement, will we make it above Trend Line?Coin of the day is Siacoin. Sia is a decentralized data storage platform based on the blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the participants of the network to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers. The goal of the company is to provide a decentralized cloud storage option that competes with centralized legacy competitors such as DropBox, Amazon, Apple, and Microsoft. The project is aimed at the topical and rapidly developing niche. Siacoin is often being criticized due to controversy about highly competitive niche with such leaders as Google and Amazon. Nonetheless, worth noticing, that Sia Coin team supports project actively, even providing monthly reports on their blog. Latest news: on 23 April Bittrex listed SCUSDT trading pair. Technicals The coin started to draw turnaround on 18.03.2018 at the 0.00000115 bottom and went into an upward pattern. On 13.04.2018 SCBTC broke above the 100-days EMA and 0.000002 level. Till today the coin was trading in a lateral corridor between 0.000002 and 0.0000025 levels. Today Siacoin broke above 0.0000025 level reaching 0.000028 level, getting close tot he Global Bearish Trend Line and 0.000003 level. A breakthrough above the Global Bearish Trend line would change the overall bias of the coin to an uptrend. 0.0000027 level serves as a short-term support of the bullish momentum and if the price will hold above this level and gain more volume - the breakthrough of the Bearish Trend Line could be seen in nearest time. Fall below the 0.0000025 level will cancel the bullish pattern.
Long
by DestinationMoonCrypto
7
SIACOIN (SC) IS ON PATH TO 279% PROFIT - Binance? - LThis is a low risk trade. There are many rumors about Siacoin getting listed on Binance in coming weeks, which is very likely taking into account Siacoin project and team behind it. Buy the rumor and sell the news my fellow Crypto Maniacs! Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Long
by CryptoManiac101
4
Siacoin Roadmap for 2018 and Long Term PerspectiveSiacoin is a coin for a decentralized cloud storage and has been around since 2016. It can not be said that its a new coin, but one of the veterans in the cryptocurrency market. At the same time the price of Siacoin remains very cheap and currently, SC/BTC is traded at 130 satoshis! Obviously not many "veterans" cost that cheap and perhaps this could be a very interesting investment opportunity in 2018.  On the Siacoin roadmap for 2018 it states: "Our goal: Sia becomes production-ready for cold storage, begins to be used by companies, and introduces file sharing." If everything goes according to the Siacoin plan, this could trigger a strong rally in price, as not only people but potentially large companies will use Siacoin services for the cloud storage. Looking at the chart. Siacoin continues to reject the uptrend trendline and currently found the support at 88.6% Fibonacci retracement level. While the support is holding the next wave up could result in a rally towards the 430 satoshis resistance. But/when/if it will be broken, the upside potential could be enormous.
Long
by CryptoPAMM