AMRTrade_LLC

scbtc longterm and midterm investment Analysis

Long
POLONIEX:SCBTC   Siacoin / Bitcoin
hello our friends, we are giving this Analysis for swing traders and tell them a little bit about this coin.
so let's go (read till end and please follow us to give Energy to our team):
sc is a part of SIA project, Sia is a cloud storage platform like Google Drive and Dropbox .
Unlike many other coins or crypto projects, Sia didn’t start with an ICO or pre-mining. Still, to date, Nebulous Inc. has raised $1.25M in total funding. Prominent investors include Procyon Ventures, Raptor Group, Fenbushi Capital, and angel investors like Xiaolai Li.

The long-term goal of Sia is to compete with cloud storage platforms like Dropbox , Google Drive, and OneDrive. In the blockchain space, Sia’s direct competitors are Storj and MaidSafe, but Sia claims to be better with encryption and decentralization.

The developer’s community is confident that they are making a highly competent product and they don’t believe in mass marketing campaigns for promotion.

nowadays this altcoin, like other altcoins had a dump, however base on our analysis that we are going to share them with you, this altcoin have a really good potential and also for Long term invest, volatility of this coin is higher than it trades now.
In the daily TF, we can see that downtrend have been ended and it is growing in moment that lots of altcoin's cause of dumping in BTC are getting down, however its possible that upward trend slow down but its completely obvious that its in upward trend.
Indicators like Ichimoku gives us really good sign, however in Macd we can see that push up energy is already finished.
RSI confirm Macd to and shows us that have been over bought(sell signal).
But remember that for long term investments, momentum indicators are not the most important's.
ATR: this indicator is in 0.0000003 pip, so for mid term swingers we would suggest 0.0000009 pip SL down of their bought price and for long term swings better to put SL under lower Sup. line.
Volume: volume is showing us a really big move from Bulls, however and have not closed yet.
overall: For swing traders who wants to invest longterm, its really good alt coin for investing in this price and for midterm swingers, we would like to say that this coin is trading between res. and sup. lines , the downward is in check lists however its not going to be for much time and our Analysis team are agreed that this coin is going up in midterm.
caution: this Analysis is not for day traders and short term swings.
References: Fundamental parts have been written from Coinsutra.com
REMEMBER our motto, Acquirement the knowledge of this business, then design and Manner the strategy that works for you and Repeat it to be better trader.(AMRTrade)

Good luck

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