cryptofuture17
Long

SIA Coin Is WOKE! (+60% Profit)

POLONIEX:SCBTC   Siacoin / Bitcoin
We just finished off a nice little run (almost 100% profit for some) with SIA-BTC             and now we have a good opportunity to buy again.

See the blue bullish pennant formed by the two intersecting dotted lines?

Looks like all we need is a breakout with another indicator confirmation such as MACD or RSI (which we have currently showing bullish signs) - then we enter. Simple geometric             lines and curves.

Entry:
370 SAT (yellow)

Targets:
490 SAT (blue box bottom)
640 SAT (blue box top)

Stop-Loss:
330 SAT


Happy Trading Folks! This coin looks strong, we hope that it will continue it's run for a the long-term hold.
Trade active: We BROKEOUT! Let's ride!
Comment: So it looks like the price action negated the lower blue trend line, however we've found ourselves in a new bullish pennant (noted on a zoomed in 15 min. chart), waiting for another breakout.

If it breaks downward (which it may - MACD and RSI are all over right now), we have a stop-loss set at 330 SAT, although I may get out sooner - depending on the current momentum.

However, if it breaks upward as we suspected and hoped, the trend may follow the straight blue line and we can reach our target at the 1.618% fib level or 490 SAT in about 12 hours or so.
Trade closed manually: Trade broke upward trend and hit my personal Stop-Loss. Will recheck later.
You were right on the bullish pennant - nice

I feel however EVERYBODIES chart analysis that was suppose to lead to today was screwed because of coinmarketcap.com's decision to delist two trading platforms - killed the sentiment for many and caused a flight and real cut from the total market cap..... how do you feel about bouncing back in market cap and by when...??

Thank you for the great graph too!
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because poloniex did not follow the bittrex value, the increase will happen?
difference now is 200 satoshi!
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is this for poloniex ?
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@m2lovric it may be, not sure though. I got mine from Bittrex.
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JayCloudde cryptofuture17
@cryptofuture17, The chart seems to be from Poloniex but I noticed there's quite a significant price difference from Bittrex.
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& I'll be putting the latest corrections(dips) right back in my ever growing SiaStack! haha

Let's hope people realize the how significant this currency is and do some research after they snag a coin this great at such a great price.. Data Storage is a problem and this is one hell of a solution.

Thanks for the great charting, @cryptofuture17
+1 Reply
cryptofuture17 chris_haze
@chris_haze - thanks for the insight, haven't looked much into Sia but you've given me all the reason to now!

good long term hodl?
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Niceeee thanks for your analysis bro! This is indeed a good coin, let's hope for the best, happy trading!
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@Vilbel thanks for checking it out :)
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