This post is intended for educational purposes only. SCUSD is one of the better Elliot Wave examples I've seen and in my opinion a good use case for the theory. The aim of the post is to share some basic notable points to look for when trying to establish likely scenarios or just review what has happened in a previous impulse and subsequent correction(s)....
After a bearish break through of the Pennant pattern we are seeing price pulling back to retest mid of the pattern Predict further bearish price action to test 0.007 - 0.005 levels In line with overall Crypto currency market bearish sentiment, that has recently been seeing pullbacks and consolidation as sellers take profit and buyers weigh their options to hold...
Incredible similarities here! And as with any significant volatility - expect reversion to the mean. And in this case; that's a good ROI forecast for the next month or two.
I am a fan of SC, and long term I think this is a good buy. But if BTC doesn't pump today, I am expecting that to take a serious dip over the weekend. And looking at SCUSD; this could see some serious hurt in the short term as it drops to volume support, also high time frame horizontal support just under $0.01. Set some stops here, just in case! But that'll be...
SC/USD trend has been bearish overall as an adverse effect from the bearish crypto market We have formed a wedge pattern typical of a bearish break to the downside to test support level at 0.01 for potential buy zone Further dip
Siacoin have already formed W on a daily timeframe (as BTC). Also we have bottom on RSI, we bounced every time from this in a Bull Market.
High time frame view of SC/USD. On the left, you've got a simple cup formation, that seems to be mirroring the left side. We've currently returned to a strong support area, where we should bounce over some weeks. And if we go all the way up to the top of the channel, that's $0.30+ ... 15x or more your money from this point. Lovely! On the right, a multi-year...
long to $0.019; support at 0.017.
I recently talked about the potential of the tech, here's a look at this amazing chart. ---------------------------------------------------- Which coins to buy? If you want to understand the functionality and effectiveness of each coin, please let me know! Please message me for the top altcoins each week- track my success Please message me for information on...
Maybe, is T2 finally recovering? A little about SC... Sia is the leading decentralized cloud storage platform. No signups, no servers, no trusted third parties. Sia leverages blockchain technology to create a data storage marketplace that is more robust and more affordable than traditional cloud storage providers. Distributed storage will be a key component to...
Well my original SC buys are under water with SC taking the mother of all dumps as a result of the recent BTC price action. Creating one hell of a dip to buy! I have more than doubled down on my original (underwater!) investment here, at 41 sats. SC has fallen all the way down to 78% all time fib, 78% recent impulse fib, and an all time strong horizontal support....
I see it falling down to 0.006 - 0.005 USD based on the previous runs. 1. +3300% followed by -85% in Mai-Sep 2017 2. +3200% followed by -91% in Nov 2017 - March 2018 3. +230% followed by -93% in April 2017 - End of 2018 Now +2230% followed by maybe -90% will lead us to about 0.006 USD. But who knows, right? It might play the pattern we had in September 2017...
Average buy price - 3,9 cents Below 3 cents will buy more (Big support on 2,5 cents) Take profit on 9 cents, then will buy at 5-6 cents and take profit at 12 cents.
k i went deep here guys. took a look at the coinmarketcap chart which can be good sometimes to spot big macro trends. coinmarketcap.com put it on all time and log. what do you see? see there are two macro fractals as i see it now. the obvious one which ive been focusing on and the sneaky not so great one. prob some heavy bias coming into play there...
SC : SIACOIN ; i can do this all day long baby 60x from here??? @@ wtf gtfoh Ajusted the fractal to fit this last dump. Again I don't think I did have the right place. The fact we broke out of rising wedge or wtf you want to call it isn't good imo. if this plays out ill buy you all icecreams. i supply the hopium, you supply the bids. x