An interesting take on the Siacoin SC/BTC ratio and fractals:
Siacoin is fundamentally a good project with a talented dev team and one of the few coins I like with a use case other than a currency (decentralized cloud storage).
Technicals
SC/BTC Targets
Target 1: +-0.00000180
Target 2: +-0.00000330
Target 3: +-0.00000470
Target 4: +-0.00000828
Siacoin is fundamentally a good project with a talented dev team and one of the few coins I like with a use case other than a currency (decentralized cloud storage).
Technicals
- Yearly BBands on the daily have tightened to the point that volatility on long time frame is low. BBands opening signals the start of ratio increasing.
- MACD on the weekly shows bullish diverg SC/BTCence and that a reversal is imminent
- SCBTC fast approaching 4/1 Gann Fan Level
- Weekly EMAs are quickly converging signaling future bullish momentum
- Repeating fractal patterns from previous cycles show that the SCBTC ratio has the potential to increase in a parabolic fashion
- Siacoin has historically rallied up towards June (refer to previous 2 cycles)
SC/BTC Targets
Target 1: +-0.00000180
Target 2: +-0.00000330
Target 3: +-0.00000470
Target 4: +-0.00000828