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Siacoin / Bitcoin

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SCBTC trade ideas

Binance lists SCCoin of the day is Siacoin. As always, listing on the new exchanges drags our attention by huge movements. To recall, 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. Latest news The coin showed growth attempt on 11.06, as we know this was a date of listing on the OKex. Though, did not manage to breakthrough 100-days EMA. Today Binance announced about listing: “Binance will open trading for SC/BNB, SC/BTC and SC/ETH trading pairs at 2018/06/14 11:00 AM (UTC). Users can now start depositing SC in preparation for trading.” Technicals After Listing announcement SCBTC jumped rapidly from the Bullish Trend Line, restoring all the past losses. Growth wave crossed Bearish Trend Lines, 100-days EMA and now aiming for the strong resistance zone 0.0000024 – 0.0000025. As we know, the pattern which occurs during the coins listing almost always acts the same, and as soon as arbitrageurs equal the prices, there will be a noticeable retrace. As we are close to the strong resistance area, and already saw almost 30% growth, that moment could happen soon. Nonetheless, overall effect from the listing should be positive, since this will greatly increase the inflow of capital. So, if you believe that this rally will go much higher, be aware of 0.0000024 – 0.0000025 zone, if SCBTC will cross it easily, like other levels – there is a chance to reach much higher. Otherwise, it is better to wait for the correction, and than buy-in, support levels for the correction are 100-days EMA and 0.000002 – 0.0000021 zone.
Long
by DestinationMoonCrypto
4
Upside momentum in SIACOIN POLONIEX:SCBTC SIACOIN is showing some early signs of upside momentum. Overall weekly chart is good. above 50 and 100 week MA. Past week had a positive volume that was not seen in the past 20 weeks. It is more than average weekly volume. A break above the line would likely provide some good profits. Weekly RSI is also holding above 50 (bullish zone). Also positive news flow of listing in binance adds credence to current jump of 25%. Breakout is more likely. Bearish mode would revive If unfortunately closes below 50 WMA and RSI dipping below 50.
Long
by veerakumarnice
There is a trading opportunity to buy in Siacoin Bitcoin ...Technical analysis: . SIACOIN/BITCOIN is in a range bound and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 41. Trading suggestion: . The price is in a range bound, but we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone (0.00000185 to 0.00000157). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00000185) Ending of entry zone (0.00000157) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00000239 TP2= @ 0.00000264 TP3= @ 0.00000319 TP4= @ 0.00000393 TP5= @ 0.00000453 TP6= @ 0.00000745 TP7= Free
Long
by ForecastCity
There is a trading opportunity to buy in Siacoin Bitcoin ...Technical analysis: . SIACOIN/BITCOIN is in a range bound and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 41. Trading suggestion: . The price is in a range bound, but we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone (0.00000185 to 0.00000157). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00000185) Ending of entry zone (0.00000157) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00000239 TP2= @ 0.00000264 TP3= @ 0.00000319 TP4= @ 0.00000393 TP5= @ 0.00000453 TP6= @ 0.00000745 TP7= Free
Long
by ForecastCity
3
Siacoin approached triangle support Siacoin is currently testing 61.8% key Fibonacci support of the recent move higher (March low to April high). The price has stopped at the confluence of support levels - 61.8% and 100 DMA, after pushing and subsequently closing below the 200 DMA. Given that we already had a retest of the 200 DMA and we couldn't return higher, it is clear that we are in the downtrend and bears are in control short-term. A minor trend line has been created which also provides a certain level of support for bulls, however, if broken look for the quick test of the major triangle support trend line. Currently, the trend line sits at 0.00000175. In addition to the triangle support, we also have a horizontal block that will add to that support around the mentioned level. As soon as the price touches trend line, a long setup can be initiated against the triangle trend line support. Entry area: 0.00000175 - 0.00000180 Stop area: 0.00000165 Target 1: 0.00000204 (100 DMA) Target 2: 0.00000217 (200 DMA) Target 3: 0.00000235 (triangle resistance) R:R is 2:1 if you close tour trade at Target 1.
by Sennna
$SC #SIACOIN - Is SIACOIN ready for a move up or fall down?Hello Lads and Ladies, Today we are looking into a highly traded coin on many exchanges SCBTC. As we can see in the chart, we see a big triangle forming and getting very close to an end. Looking at the fibs retracement starting in the beginning of the triangle, these have been respected all along. Therefore we will most likely see a very important and dicing point when SCBTC hits 300 satoshi again. Either it will retrace back to the big increasing trend line or will have a move upwards towards the range of 378 and 455. ANYHOW, there is still a possibility that it will just break down from the trend line and retrace back to 44 satoshi, this is a worst case scenario that is very unlikely to happen. Therefore, I would say overall we are in an uptrend movement and we will see it continue for quite a while. The next time we see SCBTC hit 300 will be deciding point, it seems like that we are going to test it very soon although not too soon because looking at RSI we are very close to 80 points, which have NOT been crossed a lot of times before. Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins. Cheers, Tomas
Long
by KongTrading
Siacoin, stop falling already!Coin of the day is Siacoin. Long time no hears, the coin was falling during whole May and now seems to be bottoming, could be a nice opportunity if we are going to grow at least. 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. Latest news Will be Listed on Hong Kong-based exchange OKex (SCBTC ticker) A detailed schedule of the listing process: 1. SC deposit - 16:00 Jun 7, 2018 (Hong Kong Time, UTC +8) 2. SC/OKB spot trading - 16:00 Jun 8, 2018 (Hong Kong Time, UTC +8) 3. SC/BTC, SC/ETH, SC/USDT spot trading - 16:00 Jun 11, 2018 (Hong Kong Time, UTC +8) Technicals The coin was falling since 28 April showing almost 45% fall, when SCBTC tested Bearish Trend Line and 0.000003 level, the coin spent a day above the 0.000003 level but did not manage to hold on above and went down. Siacoin found a bottom slightly below the 0.000002 level at the end of the May. For now, SCBTC has formed a bottoming pattern on the 0.000002 level and gained volume and upward momentum mainly due to the OKex listing news. From the upside, SC has two strong resistances: 100-days EMA and Global Bearish Trend Line. A breakthrough of these levels can shake a May downtrend tendency and bring the coin to the new rising cycle. 0.000002 level is a support, which should stay strong to support a bottoming scenario. Otherwise, the coin will come back into a bearish bias.
Long
by DestinationMoonCrypto
Siacoin: $0.25 LongI believe that within the end of this year or a really short time period that Siacoin will conservatively hit the 25 cent mark. It is also likely going to his the $0.16 mark within a week. Right now Siacoin have suffered from negative correlations, but is expected to continue going back on the rise. The Sia Core software have been downloaded over a million times representing wide market acceptance. Also, the fact is that people seem to still be expecting a potential positive correlation for Siacoin on the strong side in comparison to other altcoins.
by gamer456148
6
Siacoin ready?Normally I never try to catch the first wave because it's simple way more risky than catching the third one. Siacoin had a lot of negative news the last days which decreased the price more than we expected. Well it's oversold which normally results in an increasement, however I recommend you to use a stoploss on this trade because its a risky one! If you're already in siacoin (like I did by mistake) even put in a stoploss, if its catched move on to another coin and let it for what it is. Be careful on this one ;)
by n-cageman
3
Siacoin VS Bitcoin Approaching Support AreaSiacion has reached the high, hitting 330 satoshis, after wich a corrective wave down begun. Currently SC/BTC is trading at 230 satoshis, which already has resulted in a 30% loss against the Bitcoin. At the same time Siacoin is approaching a strong support area between 180 and 200 satoshis, not to mention the 200 Moving Average, that also could act as the support. While Siacoin getting lower and lower the price is getting more and more attractive for the long term investors and at some point the next wave up could begin. It is important to watch the support area and/or perhaps the bounce off he 8/1 Gann Fann trendline or the MA. While price is above the 180 satoshis the probability of the uptrend continuation remains high and current wave down should be considered as only a correction. The nearest upside target is seen at 927.2% Fibonacci retracement level applied to the corrective wave down after the downtrend trendline breakout. This is 500 satoshis area, and if reached SC/BTC is likely to form a double top. On a downside, break and close below the 180 satoshis could result in double bottom formation sending price down to 100 satoshis area.
Long
by CryptoPAMM
4
Siacoin: $0.20 Short CallI like Siacoin because when I bought it, it was about half the price it was now. However, I HODL'd too long and missed the opportunity to sale it right before the big "crash". That being said, Siacoin is likely to have a small positive correlation trend again and could even be a dip when it reaches a twenty cent price. Overall though, I would say they are a high investment risk. Given what they are doing with Siafunds as well as market potential, I would still recommend it as an investment (even if I was wrong with a few correlations in the past regarding them).
Short
by gamer456148
2
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