RE: SIACOIN Long opportunity!

POLONIEX:SCBTC   Siacoin / Bitcoin
Heres a reupload of our Sia analysis. A mistake was made on our end and broke Tradingview had to remove our post.
*Thank you to Jasper for clearing everything up for us!*

We entered long at 0.00000060, and we're still currently about 110% in profit!! (In terms of $!)

Heres our look on SCBTC!

Price has broken the trend, created a flag and the flag has broken out! So from the current price we enter long;
For more confirmation..once the price goes above 0.00000075 (yes that is six zeros!) it also creates a double bottom on the daily!
No take profits were stated, because we're planning to be long until we see an indication that price is reversing or price hits our stops.

We appreciate all the supportive feedback and if theres any questions or comments feel free to let us know!

Check out our social media pages!
交易开始: ENTRY AT 0.60

Making a triangle! With BTC raising dramatically in price, and SCBTC still holding the same price, the value naturally increases. *Keep in mind this is same vice-versa

Cheers to everyone who bought Sia with us! We're up over 25% already on this trade! It might not show it in the chart, but when you goto SCUSD it does! With BTC going above 9,500 and SCBTC staying at relatively the same price (0.00000060) Sia is rocketing!

Going higher! aiming for 0.0000009
评论: 0.0000009 hit!
Starting to break down a bit, adding at around .50 fib levels!
Entering re-entry zone!
评论: Wow, broke up earlier than i expected! Must be even more bullish than anticipated!
Heres for the short term traders that have been asking us to make a more detailed update on the current movements!
评论: Looks like its going bearish, if you've entered around the ranges of this week i'd suggest you close & wait for a better price!
评论: Wow price seems to be holding, is this creating a larger bullish flag on fhe 4H?.. we’ll just have to wait to find out!
Re-entry for intraday price created a larger flag & broke it! Stops below previous low. Actually expected the price to dip to about 65 sat, but bulls came back early
评论: MACD crossing, perfect bounce off 618 hopefully we'll get to see new highs by EOD
Weekly MACD coming close to crossing! Been waiting for this since i made this post!
With BTC reaching for 17K sent this market real down, but since we're still in about 60% profit from our entry at 50(USD TERMS) We'll hold it unless it goes below the 618 on the USD chart! If it dips below, we'll close our entire position and look for a re-entry around the 40 sat levels (BTC terms)!
评论: Nice re-entry! Looks like we're going higher. SCUSD
评论: Cheers to all that held, SC is almost back up at its high and the SCBTC chart just double bottomed! Now the real fun begins!
评论: 6 Month highs, up 300% on our initial trade! Cheers to those who held
评论: 400% gain! Wow
交易结束:到达目标: Taking some profit here, going to wait for a better price for re-entry!
评论: Re-entering on the break of the flag on intraday!
交易开始: Re-entry!
评论: we're rich
Whats the break price you looking for?
How long are we in this for?
The futures trading announcement really fucked everything up. I apologize on behalf of all the good people in the US for the jackasses on wall street.
+1 回复
Enhancement321 adamrazzle
@adamrazzle, An analogy, would be the fable the Scorpion and the Frog, with Wall Street as the Frog and Blockchain the Scorpion... https://en.wikipedia.org/wiki/The_Scorpion_and_the_Frog
enter now?
Thanks yo
Hey bud,
Looks like you are thinking it could drop to around 80 or so, then push back up. I know in chat you mentioned 120 was a good short term target. Do you still feel that is a good target, or has that changed. I saw someone say a lot of bagholders from a while back might be looking to unload, which I can understand since I held SC for a while months ago and it never produced. I bought in around 78 and 100, so I am in profit still. was wondering if it might be a good idea to cash out my 78 purchased coins and maybe hold the ones I got at 100. Guess I'm just wondering how strong you still feel the TA on SC still is, in light of the last few days of watching it unfold.
162Trading Mrbill862
@Mrbill862, Yes, my opinion is still the same unless we enter the stop zone for intraday! Don't let your position give you anxiety, stick to your trading plan!! I am not in any position to say if you should cash out or not, as we have different financial needs, and only you can answer that! (Could be different margin requirements, liquidity issues, risk tolerance ETC)
Mrbill862 162Trading
@162Trading, thanks for the reply. I can hold for a while longer. I put over a bitcoin into it, so i am hoping a better return obviously in the time frame then BTC would return just holding it. I have to actually research the way trading using BTC affects the end USD results, and when it is best to hold or trade. I read how you factored in that SC was returning better profits than it appeared because the price of BTC moves so much. Dumb on my part, but so much else to absorb I didn't prioritize it, and I should. I am glad the TA is showing it is still a solid play here. I have seen so many trades look great, but something odd happens with BTC making a move, or something else, and everyone dumps the Alt, for BTC, and that trade is shot. I stay to long waiting for the original trade to at least be positive
Mrbill862 162Trading
@162Trading, I'm thinking of adding here, 84 seems cheap and near that bounce you charted. also, Anoinvest loves SC I believe, and he thinks SC has the best chance to far more than even just doubling up. I speak to him a lot and he has done some in depth research. I thought LSK or OMG would be the heavy hitters lately, but both have disappointed , at least recently
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