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Siacoin SC/BTC Converging for a big move aheadI hope you are all fine. Lets get straight to the point. I have drawn all the important points on the chart above. Trend Lines, Monthly, Weekly ( Support & Reistance), Fibonacci Levels. You can understand the chart easily. Siacoin is converging into a pattern, right now after rejection from upper trend line resistance it is test the lower trend line support, It might going to retest the level at 30 sats. If rejected, then the move up can be 30 percent. If you want to enter the trade, wait for a new candle to form and see its behaviour. Always enter after rejection and near the support and resistance levels for maximum profits. 30 sats is a very crucial point, if it falls below 30 sats, then it is going to test the 25 sats. So that's it for today, Folks. Trade safe as I have provided you with the current image. Now make your decision.
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by SmartMaxi
10
Siacoin is gearing up for a HUGE move! Siacoin has started moving off the bottom and the recent S/R flip zone is gearing up for potential massive gains ahead. Between now and the end of the month, Siacoin announced the release of code version 1.3.6, which will ensure that only Nebulous subsidiary Obelisk ASICs can mine the network, effectively blocking crypto mining giants like Bitmain. As we have seen in the past, hard forks do provide volatility in price and we could expect to see a jump in price as Bitmain gets cut-off! The hard-fork will be activated on Oct. 31 according to CoinDesk and it is currently setting up nicely. After seeing a few altcoins popping like crazy past few days, we could very likely see a spike up in Siacoin so something to keep your eyes on! Thanks guys
Long
by CM_Trades
2
SCBTC / Symmetrical Triangle How To TradeTechnical Analysis Symmetrical Triangle Siacoin is in a symmetrical triangle very close to the apex (meeting of up trending and downtrending line) and should break out soon. The closer to apex, the closer to breakout. 2 Lower highs and 2 higher lows confirms this triangle is valid. Volume contraction / reduction also validates Symmetrical Triangle pattern. This is generally a continuation pattern, meaning if it entered the symmetrical triangle from a bullish run, it should continue, bullish. the symmetrical triangle is sometimes a reversal pattern, meaning we should wait for a valid breakout of the upside before we buy in. To enter this safely we want to see at least 5% move upward (235-240 Satoshi) as well as some buy volume kicking in, showing interest. We can also wait for accelerated movements upward (large green candles) and bullish gaps. Often, the level of the Apex turns into support and can test / bounce on it around breakout before resuming to target. Symmetrical Triangle target is generally the widest distance of symmetrical triangle. Many sources state that 75% of symmetrical triangles are continuation patterns. We’re buying in on a 5% movement upwards and re-buying and adding some in this trade on the test / bounce of the apex. Trade Information Fundamental Analysis Hard Fork January 31 2018 Project I am bullish on Siacoin as I believe it is a great project, and is in my core holdings for 2018. Siacoin is a “decentralized cloud storage” that is completely private and encrypts files on a decentralized network. It is affordable as 1TB cost about $2 a month. It is open source and the devs are transparent, and many people are allowed to contribute. The community has been building applications on top of Sia’s API. Siacoin also has a decentralized storage marketplace, that allows people to “rent” and sell digital files, document and similar. Sia leverages the capacity of blockchain technology to enable distributed networks to reach consensus in a secure and trustless way. Cryptographically secured smart contracts ensure the encryption and transfer of data with no possibility for a third party to interfere in any way.
Long
by JCBCrypto
17