Siacoin ($SC/$BTC) Price Action Soon?I have no idea what will happen next to Siacoin so just put neutral for this. Base on STOCH RSI, we can see Siacoin already bottom out for long time. ASIC mining also a part of price consideration for Siacoin. Good thing is more market exposure but the supply increases rapidly. DYOR and trade with both line.
SC
SC-cup and handle.The level of support has moved slightly lower to the level of 216-214 , this time the support is much stronger and even if the fall is deeper, it will be the l ast drop in the coin , then only go up by the Elliott waves and guided by the Fibo. resistance zones and the trend bounce zones , in the aggregate confident levels. Buy below 220 and sell for 700. Good luck!
SiA (SC) : 4H Chart : ~700% Potential ProfitSiACoin's been practicing a slow & steady approach for most of it's time on Bittrex.. With the exception of its breakout..
It was unstoppable.. Let's hope that performance is repeated very soon..
~700% Potential Profit..
As always, I cannot say how it will get there until it starts, but I'm pretty certain it will get there..
Charts are indicative of potential, not concrete 1st targets.. The target line MUST be reached before it can reverse it's trend or significantly move sideways..
Time requirement for targets to be met are undefined and difficult to project in advance..
Reasons may vary, but mainly (imo) it depends on whether BTC is bullish or not..
This is not investment advice, merely my personal opinion and therefore fallible..
Trade safely..
I don't accept responsibility for any losses incurred, but will however attempt to guide you out of a bad trade, should that come to pass as a result of my posts..
SCBTC fortunes ahead
still bearish, looking for a breakout opportunity. Next breakout may set up a nice swing trade opportunity.
May have a nice breakout soon looking at macd and rsi. gaining support but likely a small breakout.
slight head and shoulders forming if SC can gain some traction. Volume looks great as of now though.
in the 4 hour chart, we see nice volume with prices testing support of the ema 50 (blue). We can see the crossover of the ema 50 and ema200 (yellow) which signaled a nice correction and set a nice support line (purple). Since then, however, we broke past that support line, and we're having trouble getting back over support. RSI alone is showing us a change in strength from the angles of the last 3 days it was oversold.
SC is still looking bearish, but you may be able to be profitable from the recent swings looking at the 30 minute chart. Once SC settles back over the ema 50, it's likely we see a massive breakout.
:)
SCBTCSCBTC basically completed a 100% correction from January 4th. There are a few ways this can pan out.
"Great moments come from great opportunities." I have no idea if Herb Brooks actually said that to our boys before they took to the ice against the USSR in the 1980 Winter Olympics Ice Hockey Semi-Finals in Lake Placid, New York. Regardless, when Kurt Russell (playing as Herb Brooks) said the quote in the movie 'Miracle On Ice' I was so pumped up I could've ran through a brick wall.
If I had to pick two things I love the most in this world (besides my wife, obviously honey), it's THE US of A and a hot cup of JOE (The saying "Cup of Joe" came from the US Navy, when Admiral JOE Daniels banned alcohol on naval ships in 1914). We've got both of those things in this chart.
Our chart is showing a great cup and handle, but it needs some Herb Brooks-level motivation, or a swift kick from Admiral JOE.
SCBTC failed to breakout of the handle and has plunged to a 100% correction.
The 200D MA has recently formed, and is curling up to add support, but SCBTC must decide if it will run to the 200D MA or fend for itself until help arrives.
This is still the 'Semi-Finals', but it will be far more telling of the coins strength than the gold-medal round (Especially if we play the Fins again).
Watching this trade VERY closely.
Disclaimer: I know less than my 6 year old niece about trading. But I'm winning and she ain't.
SC and my long term idea.BITTREX:SCBTC
Although I entered SC a couple of days ago, I wanted share my idea with you.
Possible small retracements but I dont see a major fall since SC is doing a nice 61.8% FIB retracement. With that been said, I am lead to think we are in the 3rd EW and probably the longest one.
Entry around 300s
HOLD IT ENTIRE 2018 :)
Updates in the future.
This is not intended to give a financial advice but an educated opinion
Enjoy.
$sc breakdown
orange boxes are possible reversal zones
I think we breakdown at the end of the pattern to the horizontal support or fakeout upwards to the reversal zone and break downards
Daily Log RSI and Wavetrend don't indicate oversold yet. More accumulation to come inside this order block
Looking for volume and/or deviation from pitchfork as trend confirmation