SIACOIN (SCBTC): ANALYZED [Short term trading ideas R/R 5 to 1]

in siacoin •  6 years ago 


This is a detailed technical analysis on SiaCoin (SC).

Siacoin is an altcoin with a bright future in the Data and Data Security Industry.
If you want to get to know more about Siacoin check out this post with all the details of SiaCoins tech:

https://steemit.com/beyondbitcoin/@luiggih/siacoin-potential-x20-in-2018-all-you-need-to-know-about-this-undervalued-coin

Technical Analysis: Siacoin (SC/BTC)

Top Range and Bottom Range of Siacoin: a 250% move.

In less than a month this coin has moved almost a 400% (up and down).
High volatily means higher risk. Also higher profits.

I will talk about the Sharpe Ratio and how to really measure the investment decision taking into account the excess risk exposure versus the additional profits earned in my upcoming posts

Bigger picture of SiaCoin

Check out key levels and technical patterns

More details of SiaCoin in the 2hr chart

Descending pennants are formed due to lack of consensus in price. Most of the times ends up with a breakout with high volume that determines where the price will be headed next.

More ideas and insights into SiaCoin.

Bullish scenario: Some key targets

Check out the key targets and the concordance with the previously stated key levels

TRADING SIACOIN

Bullish scenario and some trading ideas with different potential outcomes

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  ·  6 years ago (edited)

Nice analysis on this and STEEM, looks like you definitely know what you're doing.

Would be very curious to see what you saw in the charts for PINK/BTC or PINK/USD. I'll follow up this comment with a $1 SBD transfer as a tip, assuming you'll probably oblige. No harm done if not.

Here's mine

ThouroughPink.png

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i thing sia going to down trend
.1 https://techcrunch.com/2018/05/01/google-launches-cloud-composer-a-new-workflow-automation-tool-for-developers/
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I'm in on SC - hoping for the best! Thanks for the share