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Siacoin Boom-Bust CycleI've noticed that for the past two years in a row, Siacoin sustained a massive 100x rally (priced in USD) during the Spring-Summer months, only to crash and give back a large percentage of the gains during Fall-Winter. Will we see the same type of price action in 2018? It may sound like an outrageous prediction, but that would put our target at 40 cents, temporarily giving Siacoin a huge market cap of over $10B. If the entire crypto market is increasing by many multiples over this time period, perhaps this is possible.
POLONIEX:SCUSD
by KeyzerSoze03
3
Sia BUY OpportunitySia is currently currently in a falling wedge and looks extremely oversold on the daily chart. RSI hovering around 20, MACD flat. With a big new release expected in November and as bitcoin's price retracement looks more and more likely I believe Sia to be one of the better buys you can make right now. Target entry is around 55sat if falling wedge is broken, first target 200sat, final target between 400 and 500 sat. Thanks for reading, make sure you give this analysis a thumbs up if it you liked it and, as always, make sure you do your own research!
Long
by jakob299
5
SCBTC Heading Towards Decision TimeSiacoin has started an uptrend in the very short-term, and we're looking to see how high it will go. Soon (~5:00 G.M.T.), we will be at a decision point where the local uptrend meets the long-term downtrend. Last night, we saw a bounce off of the top of the long-term downtrend channel, which was not totally unexpected, but tells us to watch upcoming price action carefully to confirm whether or not we are actually witnessing trend reversal. At the upcoming "decision point," if SC breaks through the top of the downtrend channel, we should see some nice additional positive growth and continuation of the local uptrend. However, if we see another bounce off the top of the downtrend channel, it could rejoin the downtrend and cease this short-term growth. The positive money flow over the past 24-36 hours has been encouraging, though it has tapered down slightly. Oversold RSI also adds to the promise. If the uptrend does continue, next target is the 0.00000150 resistance level. TL;DR - In the next ~12 hours, we should have a fairly decent idea of what SCBTC is going to do in the short-term. Cheers!
by rockmancuso
2