SCBTC trade ideas
SCBTC Possible Diamond Bottom Reversal AttemptLooks like a diamond bottom has formed after the recent channel break. SCBTC attempted a breakout but has not completed. Watch for confirmation of a breakout or failed breakout in the near future.
SC journey to 1kSC has always been solid. I have been watching it for more than a month and it has really stood its ground well.
Today looking at the 1h chart, it seems it could really go either way but I am hoping for a break. The reason being, the RSI is showing great strength in price.
If you watch for the next curl on the MACD, it would be an interesting rise to 638, its previous high and if there is no res there we should safely travel to 650 to sit pretty there.
My entries are pretty high at 700 as I got in before the recent blood bath so no one wants to get out of SC more than me. Lets hope it plays well.
Please use your own due diligence. I am only learning.
SCBTC Long, breakout imminent. SIACOINSIA has been in a strong upward channel. The recent market crash correction fell 36% to 307, and recovered up to the 620 area quickly. The price has found support in the channel boundary as well as previous areas of support.
MACD & volume indicators are in agreement.
Buy zones:
580
627
Sell Zones:
690
810
Stop loss:
518
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- Tenjin Crypto
@Tenjin_Crypto
As always, do not overextend on a position. Hold with 70% of portfolio and trade with 30% or less depending on your risk model.
Set alerts on blockfolio or whatever alert software you use for either sell areas or stop losses.
SC Will Go Dip Before Going To Take Off [Buy Entry]SC will go deep before it will go to take off, SC Good Buy Entry Point At 600 Satoshi
SCBTC (SIACOIN) -- Channel bounce in effect?SC just recently tested ATH's. With alts currently in a slight dip due to BTC, now could be the time to get a potential mover at a discount with pretty strong support. Can pick up the coin now with a close stop under the red macro line, or underneath the VPVR & level at 550~. A 50%/50% method is generally preferred, but a 33%/33%/33% position for an early/trend/box opener is reasonable to. The risk is moderately low here assuming BTC continues to remain mostly flat.
Three scenarios for SCSC has been rising in a nice channel for a while. I have outlined three possible scenarios in the coming weeks.
1. SC continues in the wedge and breaks out.
2. SC fails to break out of the wedge and instead falls back to the upwards channel pattern.
3. SC fails to break out and then falls out of the channel back to previous support lines.
I believe that scenario 2 is the most likely. As usual, buy low sell high!
Thanks to Maximilian108 for the heads up on this Wedge.
SIACOIN Overview H4Our last plan for this coin was GREAT !
for a clear confirmation, it need to close above 50% of my fib, as shown. The break of TL isn't enough to confirm a clear UP-trend.
and also that support around 500-550 zone seems strong for me.
That will be my 'Best buy zone'
OR, we can buy this coin if the price touch my 78.6% fibo, ( 580-500 ) .
note: I don't use a margin acc for my crypto, just an exchanger platform.
Have a nice day & Great trade !!
Siacoin elliot wave projectionprobably seeing a quick bounce soon but ultimately down to around 3-400 sats for full correction wave
New Buy Zone for SCI have discussed previously a buy entry and a sell one two weeks ago. If you had followed my strategy you should have sold now 30%-70% of your cap with a nice profit. However I was hoping for a better top because of all the good buy signals (good fundamental, big accumulations in 2 weeks). The fact that the bull move have stopped at 830 sat was due to some news. Here's a summery:
Sia has leaked Saturday that a project called Obelisk will be published the next Friday. This had pushed up the price in the weekend but rumors were saying that it will be some easy platform for file sharing
Once the price hit new all time high, Sia send a tweet giving more informations about Obelisk in Tuesday:https://twitter.com/SiaTechHQ/status/877172219679563778 This had as effect to stop the bullish move and I think they knew that. My opinion is they were afraid that not correcting the rumors will result to a crash (and not just a correction) this Friday.
Sia published officially the website of Obelisk and how to purchase it: twitter.com
Now what's next?
Sia is obviously very dynamic and their project starts to be more credible and reliable. Is it bad to have Asic in the network? Sia had respond to this question in their blog explaining why they had initiated Asic Mining : blog.sia.tech So fundamentals says that Sia is a strong buy.
Technicals:
The new high had made a new buy zone (668 sat – 632 sat). I recommend to not risk waiting for price after 652 sat.
The sell strategy will be the same as previous one but with the new following prices:
At 891 sat, you should have sold 30% of your capital
At 918 sat, you should have sold 80% of your capital
At 956 sat, you should have sold 90% of your capital
The remaining 10%, you can sold it anywhere above 956 sat or hold it.
SCBTC - Good entry here We've reached long term support. Also, there are 3 market cycles that have completed at consistent intervals over the same time frame, I would expect this trend to continue. Each cycle is becoming less impressive from a % basis, but as the market cap increases this is no surprise. The retracements on each cycle have been nearly identical, also supporting an entry here.
SC push upAfter Numeraire is stablizing slowly SC can push back to where it needs to be.
Analysis based on structure 1/5min
SIA Cloud breakout-breakinLike a thief coming back for more, SIA has broken out of the cloud and must break back in again to get the goodies stashed away in the 700 range. With the breakout at the bottom just occuring as well as being near the bottom of the pitchfork support and RSI being historically low, this might be a good entry to make some good gains in the next few days.
Ready for liftoff/possible entry point(s)This IS a bearish 3rd dive pattern however the ASIC Miner/obelisk announcement is a big step imo and im loving SC as a long-term hold being one of the few coins with a working product. Looking at a couple entry points along the pitchfork which may prove fruitful for the next leg up
Depending what eth/btc do tomorrow will determine which support line this bounces off of..as of writing there is a lot of red
