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Siacoin / Bitcoin

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SCBTC trade ideas

SC Big Gains Coming!!! But don't rush in!I see a great opportunity to enter this trade between 250-270 sat. There is a strong supply zone at 450. I'll be looking to secure some profits around then. The market is good right now. Many coins are moving up, however don't put all your eggs in one basket. Don't tie up all your btc. There's no reason to rush into a trade as 100's of opportunities presents themselves everyday for us. The stock market is a tool to create wealth and to transfer it from the impatient people to the patient. Be patient. Take the best buy in possible and reap the biggest rewards. You'll thank me later as I help you establish a trading plan. There's a lot of sharks in the water. I'll be your tour guide ;-)
Long
by doncazper
Inverse Head & Shoulders?Exciting times in the SiaCommunity! POLONIEX:SCBTC Developers recently annouced that the hostile antminer takeover from Bitmain will not be hardforked, which will bring tons of coins and hashrates into the sia coin universe. Bitmain is the same company with huge investments in Bitcoin, Bitcoin Cash, Litecoin & Dash, so for them to get interested in our project is very exciting! (regardless of their tactics). I am currently seeing an inverse head & shoulders forming inside of either a falling wedge or descending triangle so only time will tell. I am long on this position for sure and think we will see huge gains in Q1 and Q2. www.reddit.com
Long
by derronpocci
SC is going up!!! but not yet!!!I put this up because I see people making charts and trying to bend it to see what they want, not what it's showing them. So I try and make it clearer for you all. Give you some insight and whatnot. It's not an argument that it's going up. If you're already in the trade no one is saying to sell. But if you're someone on the outside looking to get into the trade. That will be your very best opportunity at that price point. I know it seems far but when the king starts moving everything gets up in the air. That's another reason to not get into a trade early because you get a ton of market exposure and this is a very very volatile market. Be careful when trading and holding Long positions. Good luck.
Long
by doncazper
7
Descending Triangle OR Falling Wedge?Im trying to see what POLONIEX:SCBTC is forming with its COINBASE:BTCUSD pair. From the first pump, it looks like it could be a Descending Triangle, since the buyers are showing nice support at 0308. But we still need to watch the price action to see which side of the triangle the candle closes. BUT I can also see this being an awkward looking falling wedge which would be a bullish continuation. I am looking forward to seeing if we can hold support at the 0308 level. At the moment, it looks like Bitcoin is going on a bull run up the price channel soon so maybe that will help kick start the sia bull run as well.
Long
by derronpocci
SIAcoin, the phenix who didn't dieWhere most of the projects would have give up, if they had been going through crisis such has the one SC have been through in Q3 2017, the Sia project keep going and is was up 997% since lowest 2017 until the correction from this week that all cryptos have been through, (-43% for SC) and still up 772%. This resilience prove a strong will to outperform their peer. What have driven my analysis here is the recent publication from Bitmain to support the SC mining and to deliver the A3 Miner. This has push a wave of talk on Reddit, Blogs, Telegram, etc. and give interest to people who were doubtful of it. The delivery of those should be planed next week as the last of them (currently SOLD OUT) was shipped. This is set the clearly augment the difficulty of mining. Some says this should increase it up to 900%. Therefore, I expect those miners to refuse to sell at a lower price as the electricity, and his cost, required to mine would give them a low / negative return. This hodl will lower the sell side while the buy side should keep rising due to interest in the coin and his recent media attraction. If we get back to the graph analysis, we clearly that the 428 resistance was breached before the correction, but reappear during the rebound. The current volume is to low to breached again. The out performance from SC over BTC could be due to the low traded volume but can also be a sign of a clear potential of Siacoin. We can also see that the regression trend slightly differs from the trend base on lowest trade during the period. This could indicate either an actual overpricing which could led to a fuliginous correction, or the announcement of a exponential rise rather than a linear rise. To conclude, I would like to draw your attention to the reaction from Obelisk and Sia founder : “Bitmain has a long history of being abusive towards coin communities, their customers and towards coin developers. We prepared for something like this by adding an extra feature to the SC1. We can do a soft fork that slightly changes the PoW algorithm which would invalidate the Bitmain ASICs, but allow the SC1 units to continue working. In the event of an attack from Bitmain, we can activate this soft fork.” “At this time, I do not think it is necessary, but if they start mining empty blocks or otherwise prove problematic for the network, we have recourse that does not involve destroying the usefulness of the SC1 units. This fork would, of course, require community adoption, it's not something the devs could decide to activate on their own. It would be a UASF because the majority hashrate would not be standing behind the soft fork.” This uncertainty is a factor that no one should ignore... Analysis done by The Foil 20.01.2018 12:20 CET ---- Disclaimer: The content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. I write for analyzing, learning & discussing general and generic information related to investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. I do not provide personalized recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
by TheFoil
4