bibboyne
Long

SIACOIN Trade Potential with 71.90% Profit - SC/BTC Analysis

BITTREX:SCBTC   Siacoin / Bitcoin
After months of downtrend, Siacoin ( SC ) appears to be almost ripe for a huge upside move and we will be ready to ride the moon train as soon as price gets down to our buy zone. To newbies, expect a pullback every time price hits a TP level.

Buy: 0.00000121 or near

Take Profit #1: 0.00000145 (19.83% Gain)
Take Profit #2: 0.00000176 (45.45% Gain)
Take Profit #3: 0.00000208 (71.90% Gain)

Stop: 0.00000113

Comment: Price is finally declining to our buy zone as we had anticipated. Our trade is about to be triggered.
Comment: Alright, friends. We are in the trade.
Comment: Hi, guys! I know that some of you are shaken by the fact that SC has continued to decline after hitting our target. As we speak, price is approaching our stop level so the question right now is do we sell or not? Before we make that decision, I want you to look at the daily chart below.


Notice that the RSI and Stochastic are officially in the "oversold" region. MACD is holding in a steady line. These indicators are telling us a story. They are telling us that Sia is now on the verge of a major trend reversal. This means that the pullback we are seeing could be the whales trying to shake out the weak hands. While I can't make any decision for you, I, for one, will ride out the storm because when Sia picks up its momentum and starts moving up, there might be no stopping it. Also I want to remind you that price may take up to a month to reach all of our targets so if you are already in the trade, trade with patience. That's all for now. Trade safe and good luck, my friends!
A warning to those still HODLing this coin, as a potential 2nd perspective.

Using the same falling wedge, and counting waves (not elliott, just for illustration). The 1:1 extension of the last wave puts it down to a nearly 20% loss from today, in approximately one week. RSI, MACD, Linear Regression slope, all point to acceleration to the downside. STOCH is negative and doesn't even show signs of turning yet, let alone recovering.

+1 Reply
MysticBlubber MysticBlubber
@MysticBlubber, hope no bag holders here. Took a little more than a week but here we are.
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I think the same could be said for most cryptos across the board, including BTC. Thoughts?
+1 Reply
do you think we should buy the dip or trigger stop loss at this level?
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bibboyne nomadking
@nomadking, this trade is already active. Price has not come down to stop level and we are almost at the end of the wedge, if not already.
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@bibboyne, ok^^i will hold!
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bibboyne Turningmecard
@Turningmecard, come join our conversation in my new discord channel - http://bit.ly/cryptoez
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yeees lest go
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Lets get on with it!!!!
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Trade activated. Good luck, guys!
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