Siacoin - 1 Week To Reverse Trend - Up To 50% Profit Expected

This week for the Siacoin I will follow the parallel channel (Red & Green lines)

• If we breakout the green line i'll buy
  
• If we breakout the red line i'll sell
  

The Orange line represent the main trend of the Siacoin/BTC price (that is an uptrend).
Note how it is perfectly crossing the bottom of parallel channel (red line) at the top of the grey zone (consolidation zone).
If the channel is not broken until we reach this Orange line i expect the price to follow this line and start a bullish pattern at ~0.00000380 BTC.
Then if the Orange line is broken down i expect to enter in the Grey zone, and here we will start a consolidation of max 3-4 days before the bullish start and we go "to the moon".

In any of this bullish scenarios i expect the price to reach 0.00000590 BTC that represents from now at least 50% and from Grey zone at least 90%.

If the red line is breakout these scenarios are not more valid.

Good luck guys !

Trade closed: stop reached:

Red line of the parallel channel broken out. Stopped lose at 0.00000355 BTC
Next scenario to try is the follow of the main trend (Orange line)

Trade active:

As expected, we encountered the 2nd Scenario "follow of the main trend (Orange line)". The price made a rebound on this trend and came back now to the first scenario (parallel channel) we were able to take 30% of profit, we are now testing the channel resistance (green line).
I'll will have a look and add position if we reach 0.00000435 - 0.00000440 BTC.

Comment:

And if we stay in the channel then i'll follow the initial strategy commented of the 16th January above.

Trade active:

We clearly broken out the channel and the expected bullish pattern started.

Trade active

Trade closed: stop reached