Last chance for SC to recoverAs most of you know, I love SC. I think the product is solid and I think it has a great future. But we cannot make big investments based of emotions and feelings, there has to be a large amount of logic and analysis. Right now supporters of SC need to overlook appreciation for the product and look hard at the trends. We are at a very critical juncture right now because if SC falls below the 23% fib line I think it will continue to fall and it could be a very long and cold winter for bagholders. But there is some hope. The stoch is oversold and the RSI is hinting at some upside. But it's going to take a lot to break this nightmarish downtrend.
Good luck people, and be smart.
SCBTC trade ideas
Sc Lost roadafter Siacoin fly and touch our summit for the first star we shared Sc touch the power resistance was @0.00000762 we see Siacoin dive about 69% long distance
we saw touch and bounced from 0.00000252 really I expected siacoin will go up but as we said siacoin Lost road for going up why I say that?
Sc bounced from first resistance @0.00000430 this resis not big one or power one
when i go back to monthly frame i saw real blood and SiaCoin still have more to do
sec power support line @0.00000145 so we set buy limit there
Target as first= 0.00000252+0.00000412
stoplimit=0.00000081
Entry Margin=15%
risk=45%
reward=185 %
we ask Allah reconcile and repay
Target 0.00000286R% indicates the oversold condition and the price is close to the lower edge of the channel. SC is already experiencing the third wave of the downtrend (the first one was the largest). Its performance pattern is already outlined. In the nearest future, I expect the MACD signal for the start of the long uptrend.
Target level 0.00000286R% shows that the asset is oversold and the price is at the bottom line of the price margin. SC 0.68% is enduring the third wave of the downtrend (the first one was the biggest) and we can already see a pattern. Expecting a MACD signal on the start of a lengthy downtrend shortly.
SiaCoin possibly ready for Bull reversal SC has been holding at strong support level for several weeks. StochRSI is approaching oversold on Daily chart, and is already far oversold on Weekly chart. Blue box shows current support range. I expect to hold at this level for a day or two more than a breakout. If bull reversal bar is confirmed and above descending support, could see move up to red resistance levels. If bear breakout occurs, look for support around 170 area.
This is my first post. I have so much more to learn and would love some constructive feedback and/or tips. Thanks!
RS
Siacoin ready for its riseI watched Siacoin this evening during the BTC pump, and it impressively held its ground with very strong support underneath. A trend is beginning to show, and it looks like Siacoin will be ready for its rise back up, especially given its new integration with Minio, which gives them Amazon S3 compatibility. This is just one more step towards real world use and applications. This should set-up a series of news cycles that will bring with it mainstream attention. With hedge funds and institutional investors looking for these types of real world applications, Siacoin is very well set for the coming crypto rise. I suggest a long term hold of Siacoin with the real possibility of doubling in the next 2 months. These were the same signs I saw with BTS when I made the call for them before its meteoric rise. There is a lot more potential, but doubling of price over the next 2 months is a conservative estimate.
SCBTC - long term predictionSC is definitely on an uptrend, here is my prediction on the long term.
Given the heavy resistance that SC has ahead it will most likely bounce back and forth. If you are looking for a certain value in order pull your profits check the timeline of the prediction. If you are in for a long shot here are some other information regarding SC.
SC is associated to cloud storage that is in direct competition with Amazon. Given that the price of SIA service is 10 times less than Amazon, we could look at SC to easily go up at least another 300-500% before beginning to become a problem in regard of pricing for the service.
SIA service was initially developed at a hackathon in MIT and was regarded and still is THE NEXT BIG THING.
So, whatever the kind of player you might be, think twice when you decide to collect your profit or to limit loss, because on the long run SC might be that thing that everybody would have wished to be in now.
Best of luck and decide for yourself, all information presented here has its sole purpose to propose a course of action with the information available at present time.
$SC Support/Resistances - Fundamentally the winner$SC in BTC pair is looking weak with the BTC running up past ATH. However SC is a strong coin and is bound to rebound. Most likely scenario we touch the recent trend line again before breaking for a bull run. As always volume will be the best indicator to tell and confirm breakouts.
SC/BTC small double bottomA small double bottom in SC/BTC is completed, testing of neckline right now. Trade entry: now. Targets 0.00000348 and 0.00000410. Stop loss: under neckline or broken RSI trendline before first target is reached.
Disclaimer: This is just an ongoing trade I initiated 2 minutes ago, not a financial advice!
Target levels are approximate and depend on the actual buy/sell walls close to order execution.
Long SC/BTC PositionGood opportunity to enter a long position on Siacoin. Currently sitting around the 0.618 Fib level, and has just recently bounced off major support nicely. It also just broke major resistance and has closed above twice. It has also just recently formed a bit of a double bottom, which along with possible divergence, can make for a great bounce. I will enter once it closes above the 0.618 Fib level on the 1hr graph, recent double bottom suggests that should be in the next few hours.
Entry: Once 1hr chart closes over 0.618 Fib level
Stop/Loss: 0.0000026 (This is around the recent low, and if it hits will be one of the lowest price since May/June)
Profit Point: Will plan to exit at around the 0.00001 mark
Will trail the stop so that after every 2 Fib levels, the S/L goes up 1 Fib level
Resistance areas:
0.00000404
0.00000485
0.00000586
0.00000750
Basically all previous Fib levels at this stage I see as potential resistance areas, price has bounced/retraced off these areas in some way in the past