SIA Coin (SC): Is this a Genuine Breakout?

in #bitcoin • 7 years ago

SUMMARY

Siacoin (SC/USD) is showing textbook completion and confirmation of a Cup & Handle. Price successfully has breached the upper blue line of th handle formation. The prior impulse waves (blue 1,2,3,4,5) also marked the initial sign of trend reversal. IF this breakout is genuine, the it needs to start impulsing and generate higher highs, which is the next step. Let's see how the overnight price action goes.

The SC/BTC, having two variables, one being the change in the demand for the coin and the second the rate of change for BTC; is expectedly lagging the SC/USD pair. The price has not yet broken out of the handle formation. However, if the SC/USD is an indicator, the breach is expected to occur.

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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#siacoin #cryptocurrency #blockchain #altcoins
7 years ago in #bitcoin by
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    • [-]
     7 years ago 

    Gonna add some more Sia to my portfolio. Can you do an Elliott wave count on it?

    Just posted an analysis that I think could be valuable. Golem is about to pop, what do you think?

    GOLEM (GNT) - Analysis (572% POTENTIAL PROFIT) https://steemit.com/cryptocurrency/@benkalashnikov/golem-gnt-analysis-572-potential-profit

    Screen Shot 2018-01-29 at 20.36.29.png

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    [-]
     7 years ago 

    Golem to the moon !!!

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    [-]
     7 years ago 

    The think about Golem is they have an amazing project. I would recommend a long term hold on that one.

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      [-]
       7 years ago 

      Interesting if it pops.

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      [-]
       7 years ago 

      With Bitmain releasing a SC miner (the A3), SIA is ready to moon!

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      3 votes
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      [-]
       7 years ago 

      Bitmain has released Antminer A3

      [-]
       7 years ago 

      I prefer Storj for cloud storage.. Keep posting, good content
      Screen Shot 2018-01-29 at 7.36.52 PM.png

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      2 votes
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      [-]
       7 years ago 

      I hope it rises. I bought an ample sum of it but then it has been static ever since.

      [-]
       7 years ago 

      Who are you Mr @haejin ? You interesting man.. :)

      [-]
       7 years ago 

      So interesting that when I read about his speculations on crypto I get annoyingly jealous! Lol

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        [-]
         7 years ago 

        Hope so been hoping that sia coin forever with like no growth seen

        [-]
         7 years ago 

        I sure hope so too. Got tons of SC at super low price.

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          [-]
           7 years ago 

          How likely do you it would be for Amazon to create a similar Block Chain Technology for Cloud Storage with the pre-existing users on their platform? They have already seen exponential growth in their cloud storage space last year, and I believe they will continue to develop the area of their business as they grow and retail sales potentially slow due to hyper inflation. I believe in the Sia project, but concern the market positions conglomerates like Amazon and Google have.

          [-]
           7 years ago 

          I certainly hope this coin starts doing better, Its a pain in my portfolio.

          [-]
           7 years ago 

          Im doing a fun little challenge to see what people would do if they had 10,000$ to invest in crypto with only one week to do it. Come comment on my post and i will calculate your profit at the end of the week:

          https://steemit.com/fun/@tuhna/10-000usd-challenge

          [-]
           7 years ago 

          I love SIA. Can you please do an update on Stellar when you have time?