yhal
Long

Hello Sia! Next Chandelier is here; Marathon & The Big Picture..

POLONIEX:SCBTC   Siacoin / Bitcoin
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
Oct 02
Comment: attempting to break the resistance line, notice both circles look identical

Oct 03
Comment:
Check my TA

+1 Reply
yhal CryptoFido
@CryptoFido, we're on the same page :)
Reply
2020 is just hit 800s?
Reply
yhal chochobo93
@chochobo93, 2020? 800's 8000's 80000's who knows, this is only illustrating the targets if it breaks them all easily we could see the 800 by this december :)
Reply
I also felt the same but the thing is it trying to break the triangle formation, so the pattern could be different than 2017. However, your targets are correct if it breaks out.
Reply
yhal naghuntdworld
@naghuntdworld, thanks for the comment, the main support seems pretty strong so i think we're looking at most october for a breakout - unless bitcoin does something stupid - i'm confident of the 472 satoshi
Reply
@yhal, 472 sats, long term? or Do you think it reaches by 3rd Nov?
Reply
yhal naghuntdworld
@naghuntdworld, long term, i don't know about reach by then but the breakout
Reply
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