SiaSun

Staircase formation

BITTREX:SCBTC   Siacoin / Bitcoin
Not good, bad, very bad. Currently just at the overbought line struggling to keep 380 is not a very good sign at all. The momentum is still leaning towards greater loss I do think we will fall below 0.00000300 so I put my sights on 0.00000200. I haven't fell for any fakeouts and since 0.00000499 that is all we have been seeing. The market is currently bearish and I expect it to be bearish until around the middle of february. Their is space to make a few dollars if you swing trade 100,000 USD worth of SIA however in my humble opinion it's not worth the risk.

Have a nice day.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.