SCBTC trade ideas
Siacoin looking for an opportunity to buyJudging by the schedule, we can reach the bottom by the end of March, about 60 sat. There are risks of reversal, but I think that will come.
Be patient, just don't buy in the fall. Look for areas of consolidation and trend reversal then you can enter.
I think SIA is a sleeping giant who can Wake up powerfully.
P. s. it's just my idea, not a guide to action.
SCHadn't checked this chart in a couple weeks and SC is still following the descending wedge perfectly. It's finally coming to an end so we should see a pop here soon. At the bottom on BBs. Macd is low and tight meaning increased volatility is coming. Rsi touching 30. Rvi looking to cross as well. All signs point to this breaking UP.
Siacoin is hot but not yet at bottom.Check it. There are some 0.236 fibs we want it to hit. New all time highs are still possible
Siacoin next move. Target is between 750 and 1200 sats.BTFD next levels: 175/144/103
Take profit levels: 750/1180
SCBTCSC POTENTIAL buy opportunity and could break out of the down trend
major support line
RSI BELOW 30
ma
One Last Chance to Short SiaShort or Long... you decide, but it doesn't look good for SC right now. The red diagonal resistance lines are pushing it into a long term consolidation. I would guess we test that blue diagonal resistance line once more before dropping to level off for a bit prior to a slow bleed back to the mid 50 satoshi mark. This will be the third time something like this plays out if it does. Short now, check back mid summer. Keep in mind that technical analysis aside, a new batch of Bitmain A3's is hitting the market this week and people will want to pay them off asap (i.e. dump everything they mine).
Not investment advice, good luck if you trade this idea.
sc :: btc :: sideways exit likelyanother coin bottoming and still lacking the volume.
assuming that anyone not ready to hodl has sold
already, a sideways kind of move could be happening
as we are leaving the wedge.
so many coins bottoming - we need more money people :)
SCBTC - Miners, dips, and issuanceWhile BTC leads alts around by the nose, some decline in SCBTC is expected, and this latest dip warrants analysis.
RSI on this timeframe shows bearish divergence since December, intensifying across the last month, with some bullish divergence from the bottom end as "knife-catchers" get more confident. *IF* the current dip is actually a jaunt down the next channel rung, the intersection with fib retracement would set a possible price point around 140-150 sats between March 5 and March 22. The long shadow of this downchannel looks like it could be in accumulation territory for some time. *IF* the current dip brings enough trade volume (hasn't yet) then the potential exists for nearing 250 sats during that same period.
Between the VPVR and the speed at which the price increased, there may not be much support for SCBTC between 150 and 200 sats without manipulated orders (but hey, this is crypto).
Now for the fun part.
The drama surrounding Siacoin and the ASIC miners released by Bitmain are another opportunity to study cryptoeconomics from a "crypto-ecologic" perspective as the dynamics of supply and demand change at the crux of miners' production, accumulation, and circulating supply. The uncapped issuance (down to 2.3% after 20 years) makes this value difficult to peg without high levels of use of the network. Siacoins are used to pay for decentralized storage of data via contracts where the storage seller consistently submits proofs of storage to the network, these proofs are included in the blocks mined for inclusion on the chain. The number of contracts has decreased recently following steady growth during December and January. (siastats.info)
Bitmain offered the A3 initially at under $1,000 per unit, making the production and accumulation much easier, increasing short-term bearish outlook for SCBTC, but increasing the overall money invested in the network hashing power. Interest in- and utility of- the SC network in combination with the increased difficulty should make for longer-term bullish trends, but the cost for production in the near-term makes accumulation possible for buyers in addition to miners during the lull before prospective increased network use. It is possible that larger entities with lots of data to store and an eye for low-cap investment would buy the miners to pay for the data, unloading their accumulated coins as prices make future jumps, damping the highs of volatility for the future. There are also competitors to contend with in the decentralized storage space, however the ASIC miner development could potentially swing more network participants to the Siacoin network. If nothing else, this will be interesting.
* NOT A PRO * DYOR * TAKE YOUR OWN ADVICE *
Work the muck, and I'll see y'all come harvest time.
Siacoin Testing .618 Fib LevelExciting times for Siacoin. Testing the .618 Level, if it holds it could be a set up for a next big move. Stay tuned!
SC/BTC - Sia Coin - Have a secret pattern?Some TA on SiaCoin sparked by Dr_Cryptozilla 's post about SiaCoin wave 5 pattern. I remembered I had thought we might be seeing a pattern of some potential.. What do you think?
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!
SCBTC Wedge breaking outHello Traders...This is my view on SCBTC ,chart is looking to break out..and also MACD showing strength nd going to show bullish zone if the breakout successfully happens...i m long since 65 SAT ,those who misss the train can join here for the long term target of 1000+ SAT
Thanks!
Happy trading...
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..
