SamHuynh
Short

SC-BTC golden opportunity is coming

POLONIEX:SCBTC   Siacoin / Bitcoin
strong support has been broken.
Siacoin is famous for 90-100% retracement
we should expect it to drop more and to 40-50 range satoshi

This is not the time to buy alts but wait for them to drop massively.

if you trade coins with only bullish mind , you will be burnt.
Always use the eye of third party who don't buy or sell the coin to look at the chart :)).

Note: this post is for discussion only, not financial advise


Comment: amen to people who laughed to this post in the beginning :). I intentionally not have any update
Comment: very high chance bottom is in , folks. We need 1 or 2 more weeks to see how chart goes before deciding.
Trade closed manually: leaning to bull side now. So no reason to have this Short post here :)
Comment: even though I have closed this post, the dump is too big to ignore it. These last few weeks might just be another bulltrap. Everyone should be careful. Eth has broken down its support. If you read my posts regularly, you must know that I have been in cash position for a month now . Yup, it is very painful to watch coins rallying. LOL
Bought a lot at 70-88sat
Thank you for your support.
Will be a nice ride up hopefully we will see something epic, or no. :D
+1 Reply
SamHuynh JacintoMonteiro
@JacintoMonteiro, nice. Remember to close ur position if u see any bad sign because btc hasn't broken out yet to confirm a strong bull cycle
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Few days ago was @ 68, but it bounced back up.
Is it going to drop or this is it for now? thanks
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SamHuynh destin2008
@destin2008, I will say that it really depends on what btc's price is. If btc is really bottom at 5750$, then alts should find their bottoms already. If btc breaks 5750$ and dive deeper, then alts will see NEW low again
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Hello, do you think it´s turning now? 50sat still valid for you?
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SamHuynh JacintoMonteiro
@JacintoMonteiro, it is just an estimated target price which might or might not be reached. What we should do now is to follow btc and eth . Those are the 2 indicators for next alt season. Right now we are in choppy uncertainty range
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SamHuynh SamHuynh
I still THINK btc has more room to go down and im on USD position now. Of course, my view can be changed 180* if the bull shows up strongly and break critical resistance
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SamHuynh SamHuynh
I also have noticed that some alts in term of btc are pumping now beause of their upcoming news. I hear that SC has news around end of the month so it might pump during that time and ignore btc.
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SamHuynh SamHuynh
pretty much, wait for SC to break its downtrend line. Jump in and set a stop loss below the downtrend line instead of buying now with potential of falling lower.
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Disagree , but i apreciate it :)
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