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Siacoin / Bitcoin

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SCBTC trade ideas

Bottoms Up! (SC/BTC)This is my idea for a long to mid term accumulate and hold. I try not to fall in love with Altcoins and their block chain solutions to made up problems, but SC seems to have a real world use case (decentralized encrypted storage). I would keep an eye on this zone as the year progresses. It doesn't look like it will go much lower than this, but keep your eyes out for buys around the 120 sats mark. Right now it looks a bit oversold based on the Stoch RSI. If you can afford to hold for a month or two it could be a nice profit. All assuming bitcoin and alts manage to not shit the bed... or assuming file coin doesn't come online and eat SC's lunch (something to watch). DYOR and let me know what you think. Thanks!
Long
by Brodie_MT
6
The 3rd Time is a Charm for SCBTCOf all the altcoins/blockchain projects out there, it seems that few are solving a real use case beyond creating a new digital money. Sia seems to have found a real use case for blockchain tech using it as an incentivized encrypted cloud storage system. Looking at the chart, there seems to be a couple patterns that develop just prior to big price moves. The green square is usually an initial sharp pump in price, followed by the blue square with more of a gradual rise and fall like a hill. It looks as though this could be forming again. The idea looks like it will need another month or so before the blue square pattern is confirmed, but if it is, the third wave should be imminent. In the mean time, it looks like a good accumulation zone is between 175 and 135 sats based on historic resistance/support. Put comments and criticisms in below and DYOR as always. Thanks!
Long
by Brodie_MT
2
Siacoin thoughtsSo sia has been going sideways for a little bit now and for me it's looking like a nice area to buy into. Checking out their trello (found on their website) they're expecting to release an overhauled UI this month, as well as a generally improved user experience however I don't know how much of that feature is due to the planned change in UI since the card has no extra info aside from "UX improvements to allowance" which sounds like it will be on the UI front. I was never very bullish on this project since I'm finding it hard to justify the use of tokens in a storage company but I've not read the whitepaper in a long while so I'll have another look at it. Also with a supply of 30b it's really hard to see this as growing as much as some people hope (I've read some people hoping for $1 lol). Anyway the weekly stoch RSI has been at oversold for a while now, and the daily is similarly sitting at a really low level. TD sequential is at a -9 weekly, and -8 daily, so I'm going to check tomorrow if that's confirmed to hit a -9 which will be my main buy signal. Daily BB has also started to squeeze nicely due to the lack of volatility recently. I'm not super confident in that triangle pattern I drew but it will be interesting to see if it is filled out. In general I think SC has returned from its overvalued state back to a reasonable level so I'll be looking to place some buy orders in soon. edit: the stop loss was found from a gann fan
Long
by Brenna364
1
#Sia in accumulation, forming base, one more leg down?Despite the apparent accumulation, I think one more push-down is possible to force weak hands and make disgruntled bag-holders from the summer finally give up and conclude that Sia is finished once and for all (I've already seen such voices on the forums). Therefore, I'd be careful, the low might be temporarily broken to the downside, maybe even sharper than my line anticipates. Then I see it springing up towards the kumo. Personally, I'll be getting in in tranches. Start slow. If it dips, I'll add more. Another scenario (not indicated on the chart) is a bigger break-down and quick touch down to 100 sats. You probably noticed that Sia stayed relatively stable during the latest btc dip. This might be further indication that it is nearing a bottom.
Long
by adamicius
1
The Relationship Between Sia and ReleasesSo this chart is a little bit different to my past charts. A friend of mine was saying the other day that often you want to sell the hype of a release because there is build up and after it actually releases there is often a dump. I applied this idea to the past three releases of SIA. As we can see the past two align with this theory very well (I believe the first one didn't function the same because SC was still establishing itself). The hype around the build up to the next release increased bu almost immediately after there was a dump. I believe that we will see some serious action in SC before the estimated November release date. In the shorter term, SC is still trying to breakout of a descending triangle. There have been a few delayed launches due to the craziness in BTC. But this won't last forever. SC is in heavy accumulation in the blue section of the pitchfork. Stoch shows potential for upside but RSI needs to improve. The clear indicator for me of upwards movement though will be a close above the trigger line. Good luck and happy trading. PM me for entries or targets.
Long
by Brisben
3
Siacoin Double BottomThe market gives us a new buy opportunity. Let's look at the 1H chart of Siacoin. We can see that the price bounced from the support zone formed by the main uptrend line and 0.00000157 support level. The double bottom chart pattern gives us a trend reversal signal. Also a bullish divergence, formed by the price and RSI, confirms that the market is going to move upward. We should be ready to catch this possible price movement. Pending orders for buy must be placed above the local swing high at 0.00000173 level. Stop orders must be below the support zone at 0.00000155 level. The main profit target should be at 0.00000190 level and other part of trading volume can be closed at 0.00000215 level. If the market drops below the uptrend line, the buy orders must be deleted.
Long
by DLavrov
23
SCBTC Poloniex 03Sep2017 upward trend + flag pattern potentiallySia has an upward trend after bottom lows. The project has good fundamental potentials either. While moving upwards there may be a flag pattern developing as highlighted in the chart - if so I am planning to sell 30% of my deposit at around 247 level and buy back at around 208 level. Further up resistance are at 337 and 424 levels - these can be either set as targets and/or for sell/buy-back movement. At these resistance levels new patterns may need to be assessed for further movements.
Long
by drgorogbalazs
1