This IS a bearish 3rd dive pattern however the ASIC Miner/obelisk announcement is a big step imo and im loving SC as a long-term hold being one of the few coins with a working product. Looking at a couple entry points along the pitchfork which may prove fruitful for the next leg up
Depending what eth/btc do tomorrow will determine which support line this...
SC/BTC once again trading in a familiar bullish falling wedge pattern. With support at the 61.8 Fib lining up nicely with both the 55 SMA and a very strong trend line, expect the price to trade higher in the coming weeks.
You can research about moon phase trading on google, here i tried to find btc correlation and for me it works. make your own decicions.
When the last full moon failed btc price didnt nuked down, and we are about to see a new new moon after a failed full moon.
I see the opportunity of SCBTC going up today
Tp and sl is set
as well as good risk and reward ratio trade
SCBTC has very very high chance to make wave 3
trade with care and enjoy trading
If you like my work please help to like and follow -Thank you
SC has been slowly building for a while now. We have seen a few breakouts and the lows have been much higher. Sia certainly looks like its gearing up for a trip to the moon. My short term target is 800 sats. Mid term is 1000-1200 sats.
Fibonnaci retracement levels 0.618, 0.5 and 0.382 are clustering between 606-616 satoshis forming a strong area of support with RSI trickling @ 40, which shows that its near of being oversold.
If it breaks this support (which I doubt), we might see it drop at 593-596 before it boosts up.
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I'm hoping that SC will repeat its last jump
My only problem is that I missed the last BTC minimum and have to buy in now....
But...
Looking at BTC it's still possible that we get a second correction and I would buy the top so I postponed my buy order for about one day (less profit) to see what BTC will do in the meantime.
Just so you don't get swept away by all...
This chart is highly speculative because of the large timespan, but it can't hurt to have look. The previous wedge resistance charts I've made have been remarkably successful so I scaled this one up to a mid-term chart. I believe we are in the middle of the first of several cup and handle formations, which will get increasingly larger. My target is maybe 750 sats...
This is related to my other idea:
I zoomed in so we can see the target area for the more immediate future.
Looks like we've got a cup & handle (or inverse head & shoulders, both work in this case).
It might want to extend past the target and hit one or both of the previous peaks (I labelled them on the chart) so I drew a wider target area.
Of course I believe...
