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Siacoin / Bitcoin

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SCBTC trade ideas

Possible cup and handle - SIA to start April with a BANG! Hi all, Main TA Points; *** 1. Weekly S/R flip confirmed. 2. Break and retest of 3 year down trend confirmed. 3. Decentralized storage platforms all performing strongly (FIL STORJ). 4. Critical fib level claimed, assuming S/R flip of critical level. 5. Based on above assumption we have a possible cup and handle patter. *** Talking Points; *** We are at the cusp of the start of a new month with a strong finish assumed for March. We would like to see price maintain above 44 satoshis which it looks like it will do over the next 72 hours. From a weekly perspective we could see a wick down in the low 40's but I would think its unlikely for us to go much lower. For those unfamiliar, SIA is in my opinion a top 5 coin from a fundamentals perspective and is vying for a large piece of Web 3.0 architecture. It has a working product, a capable team, and a foundation model ensuring its financial longevity. Having had a significantly longer than normal consolidation and accumulation period, historicals would suggest violent and powerful impulses will continue to follow from here until the end of the year. I believe April will see the bitcoin pairing at least swing to 60-80 satoshis with the upside up to the 200's range. Interestingly, both FIL and STORJ are also experiencing strong growth and SIA in my view being the possessor of a superior solution will also follow this strong trend. I would even say based on year to date growth it already has. We have also broken a down trend that has lasted some 3 years with an extended accumulation period. This is an extremely bullish sign and would signal that this is infact the start of SIA's bull run; even considering the strong growth that has been experienced up until now. Linked are my previous and most recent ideas which have been confirmed for SIA. *** Estimates; *** As a measured move we are looking to test the 63-65 Satoshi level. I have provided an conservative trade setup having set the stop loss just below the red ichimoku cloud. Please be mindful this is a high risk trade, the vanilla trade would be to enter at the break and confirmation of the pattern. If we hit this level in the first week of April we could actually see SIA climb into the 100's if not even higher. It is not impossible for us to revisit all time highs from a USDT perspective, in which case a run between 100-200 satoshis is certainly on the cards this month. Good luck, Please consider donating, following or leaving a comment if this analysis was valuable to you. SIA donations; 807db3f1186dd2a5a40418200064b44a94bffb0e32fac9e713923088a7e3bb0886c2d0281374 *** *** Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions. All investment and trade decisions, no matter how well investigated, involve risk. ***
Long
by Traders-Corner
7
Siacoin BTC Ratio Reversal (Long Term)An interesting take on the Siacoin SC/BTC ratio and fractals: Siacoin is fundamentally a good project with a talented dev team and one of the few coins I like with a use case other than a currency (decentralized cloud storage). Technicals Yearly BBands on the daily have tightened to the point that volatility on long time frame is low. BBands opening signals the start of ratio increasing. MACD on the weekly shows bullish diverg SC/BTCence and that a reversal is imminent SCBTC fast approaching 4/1 Gann Fan Level Weekly EMAs are quickly converging signaling future bullish momentum Repeating fractal patterns from previous cycles show that the SCBTC ratio has the potential to increase in a parabolic fashion Siacoin has historically rallied up towards June (refer to previous 2 cycles) SC/BTC Targets Target 1: +-0.00000180 Target 2: +-0.00000330 Target 3: +-0.00000470 Target 4: +-0.00000828
Long
by lightknight
17
Can we expect this?Hello traders and/or HODLers, I can see very similar pattern to 2017 (just little bit shrinked due to BTC high value). It is all happening again..BTC run, ETH run.. more alts will follow and low sat alts like SC will dominate! Even useless meme coin like DOGE jumped a little bit (just a small "woof!"). Sia can easily reach 100,200,300.. sat when bullrun starts. Just don't panic sell and HODL! It is the same like BTC - you just need strong hands and believe in it and boom! you are at 2x previous ATH. Some trash "crypto" like XRP for example will die to make amazing utility coins like SC stronger. Njoy the ride and feel free to send me some small SC tip once you buy your first five lambos or whatever.. ;) Cya at Maldives! SC address: ba0d9880276f2e37ae8dc67d1922f1f9908b893e34eb3be174cce51a915c116fdbabce329cac (not financial advice)
Long
by MrCrypto007
15
SC/BTC looking bullish!SC/BTC is showing signs of trend reversal. It has formed a rounding bottom which is a reversal pattern, higher highs and higher lows, broke above the 200 daily moving average, monthly MACD turned bullish. It is also one of the coins Coinbase is researching and has potential to be added to the exchange which usually moves the price higher. 280% profit is possible if it reaches the previous highs. Critical level to break would be around 43 sats. When it broke that level or bounced from it in the past, it made a loooot of profit (zoom out). Do your own research and good luck ;)
Long
by KeepItSimpleStupid
3