Siacoin revving up the engine-BullFilter & BottomFinder say LongAnalysis:
Correction ended, and accumulation nearing final phase. Inverse "FatBart" Head & Shoulders seen.
Some fundamental things of note:
1.)Sia dev team is going to brick all Bitmain and Innosilicon ASIC miners (~10m USD worth of hardware) with a patch.
2.)The coin will fork and a version that does not include this ASIC resistance patch will be created. Fork is on Oct 31st.
3.)The only ASIC miner still able to work with Siacoin after this patch is the Obelisk, designed by siacoin partners.
Entry Point:
General Entry is this range is fine, just look for a local dip/low. Looking to go long in the range of 95 to 105, after pullback from current pus occurs. See detailed screenshot below, using Bottomfinder to find best local entry.
Take Profit:
The green lines represent target take profit levels. We suggest cashing out 10% at T1, 30% T2, 50% T3, 10% T4 (or let it ride if it still looks bullish ).
Stop Loss:
Stop Loss suggested at 88-89, which is below the liquidity pool and 2 established local support levels.
Upon completion of T1 move stop loss to entry point to secure a risk free trade. Additionally continue moving stop loss up by one target each time a new target it reached. i.e. when T2 is reached, move stoploss to T1 level.
This way you can ride out dips with no anxiety and automatically exit the trade in profit should you not be around to monitor!
SCBTC trade ideas
3 month bottom created ready for rise up with bitcoinThe crypto markets have hit a bottom. SC -1.36% is looking particularly well considering my previous analysis on it. I'm still long Sia through 2019 as all the factors in my previous analysis are beginning to positively impact price. Sc -1.36% has been creating a bottom for 3 months now and the trend continues to rise. Now is a good time for entry if you're not in this trade. Again holding Sia for a year. Please look at my previous analysis to see why Sia price will increase over the next year. The biggest reason being that coin emission is getting close to 11%. The high inflation period of this coin is over and most people are still assuming that it has high inflation . Its coin emission drops with every single block created, and this process will bring coin emission down to around 4% at the end of 2019 making it a low inflation coin. I still expect to see Sia at .10 - .30 USD by the end of this year depending on the price of bitcoin 0.30% and the general crypto market. If bitcoin 0.30% goes for a new ATH 0.73% before the end of the year, we'll see Sia hitting .30 with the increased market capitalization.
Bullish Crypto Strategy - Fibonacci Retracement + ExtentionThis is a great strategy for bullish market,
Set buy orders at 0.5 ret and sell orders at 1.618 (AB=CD)
Doesnt mean thats gonna work for every coin or every bull run
But when you see breakout and pullback, high probability for this strategy works
if your in that trade, you can feel much comfortable to manage your risk,
And when you close that kind of trade in profit, you'll love TA..
SCBTC in for the LONG runSC passed the local downtrend a few weeks back(ANGLED DASHED RED LINE)
SC just passed the downtrend resistance (ANGLED RED LINE)
We are in for a recovery of SC with some local resistance but only a major resistance at 200+ sats.
if you got in, be happy for your choice. If you are not you should strongly consider as the trend will develop fast (given previous rises of SC, 30-40 days it took previously to go up between 300% up to 600%).
Be safe and do not gamble, make a plan with Take profit and Stop loss.
Best of luck.
(Update) Hello Sia! Next Chandelier is here; Marathon & The b...This is an update to the previous idea just to clear out where we have reached, we are starting to cross the MA100, we seem to be breaking out right on time, make sure to checkout the original chart:
-- small request: Like the chart to receive updates and provide me with insights as i don't usually make Sia charts :)
Good luck with your trades
Potential C&H on Siacoin + Hardfork incoming.This is my idea on siacoin. It has been consolidating for several weeks now and seems it is ready to go up, with multiple patterns and indicators pointing towards this.
Can enter on it upon the breakout of the potential handle that would be formed (the safe trade)
Or start building now your position and put stop loss under the bottom of the handle.
Good Luck!
Agon
Hello Sia! Next Chandelier is here; Marathon & The Big Picture..The chart is self-explanatory but if in a few words; this is the classic MA100 MA50 battle. As you can see back in October/November '17 same story occurs:
- MA50 Resists (Check)
- MA50 Breaks (Check)
- MA100 Resists (Check)
- MA100 Breaks (Check)
- Bull (Check)
Today we are:
- MA50 Resists (Check)
- MA50 Breaks (Check)
- MA100 Resists (Check)
- MA100 Breaks ( ... )
- Bull ( ... )
-- small request: Like the chart to receive updates and provide me with insights as i don't usually make Sia charts :)
Good luck with your trades
SC Potential End of Accumulation PeriodFirst publish/just testing. SC could see the end of this accumulation period around 10th October, if not before. A daily close below 85sat would invalidate this idea.
With a reasonable amount of positive volume SC could reach 121sat resistance very quickly. This area was support until early August, where you can see the negative trend strength became very strong and we entered the current range that SC has yet to recover from (but has already bounced from support a few times giving great trading opportunities).
We can see bullish strength increasing on ADX/DI similar to December 2017 and April 2018. There has been accumulation in between lower support areas and our daily chart has recently discovered very strong trend strength (DI+ > 25) indicating upwards momentum.
I would consider buying between 91-94sat, with tight stop loss or at least backing off of positions at 85-87sat. If you are in for a short term trade then take profits between 110-114sat. If you are willing to test 121 resistance, which could be easily breached then the next TP would be 165 and after that, potentially 230sat. If we were lucky enough to break through to that area then new opportunities may arise.
Full disclaimer, I am both long term holder of SC and small time trader. I take profits from trading balances as necessary but always look to increase my long term bags for the next few years.
Siacoin ForkHi Folks! I follow the SiaCoin since my last update, and today the team published the announcement about future fork, you can read about it at the offical medium blog, I don't want to make you upset, but "No airdrop will occur on the Nebulous-backed chain."
I recommended to buy @93-94 and I think the price is still cheap to enter, we have the EMA support lines, and the resistance level @150, if the investors/traders/whales will find the future fork helpful, we will see SIA @150-170 very soon.
GL Traders.
Boys, we're on the right track. SCBTCRecent months have witnessed a substantial decrease in the activities of trading volume, but starting from September I have noticed an increased amount of "buying" strength. Well, this is the time for flat trading, without spikes or big volumes at the market... At the moment we can assume that price ended its downtrend period so we can put small orders atm during the accumulation session without high risks.
The MACD: Bullish crossover
The RSI: < 50
EMA lines: the 7EMA is finally our support line, the 30EMA resistance line @110 and the 100EMA created the strong resistance level @160.
ENTER: 90-95;
PT: 160 and higher.
Conclusion: I don't follow the Sia very closely but remember their team has the good project which can resolve issue with cheap hosting of your data, and why not? Maybe this tech will be in demand at 2019.
Back-testing 10d MA/ 20d MA strategy on SiaCoin... it checks outlooks good here too
added MACD, seems to lag a bit less as an indicator
but, if u had played the MA cross strategy last winter, you would have gotten in at around 60 sats, out at 362 sats
it really doesn't get much better than that
will continue to poast back-tests
interesting to note that the MAs look ready to bullish cross again
Chad's been in since 86
will update this trade as it progresses
Siacoin - Huge Growth PotentialThe daily chart looks promising. Volume is picking up and Siacoin stays strong during BTC price drops.
I'm expecting SC to move to the first resistance in the next 4 days.
Siacoin is a great long-term hold either way. It's very easy to profit from this coin.
Buy: 90 - 95
Target 1: 120
Target 2: 140
Target 3: 180
Risk: Low
Stop Loss: 88
Let me know what you think!
SC/BTC, I'm bullish, double bottom and we goAlways same cycle, SC is corrected and it's now at the end of a triangle ready to breakout and start a bullmarket. After a double bottom, like many other coins, it's ready to jump and start the recover in BTC price.
If btc goes up, SC will follow for sure. Take long positions and trade as a bull. In $ price, this coin is moon destinated!
