This is a pair we love and like, maybe because it has been around for so long or maybe because we have memories of those huge gains in years past... When there were only few pairs around to buy and trade.
Siacoin (SCBTC) has been growing since the 23rd of October 2023.
It is mapped on the chart as the market bottom/low.
Currently trading above EMA50 weekly and a...
There is a strong monthly impulsive wave that is incomplete, and it is about to retest the historical peak again, but the most important thing now is to break this historical downtrend, and only then will we turn our eyes to the historical peak again.. All the data is on the chart.. Good luck.
Something really interesting is happening here with one of our most favorite, long-term trading pairs, Siacoin vs Bitcoin | SCBTC.
It is the first time ever that this pair produces 7 weeks closing green consecutively, this is a very strong bullish signal I should say.
We have a lower low this year compared to December 2020 and a recovery starting to take...
If you've been around, you can't miss this one.
If you miss it, you can't say that you weren't warned.
The last time this type of chart setup developed was almost three years ago, December 2020, for Siacoin vs Bitcoin (SCBTC).
In December 2020 Siacoin hit bottom at 10 satoshis and was followed by a 840% bullish wave. The entire bullish wave process lasted 108...
It seems that Bitcoin will go sideways for longer based on these charts.
Another possibility is seeing Bitcoin and these Altcoins growing together, the everything grows phase.
I am saying this because here we have a very strong falling wedge pattern already breaking bullish. A strong daily candle passing above EMA50, a strong RSI, a strong MACD, everything...
You can find the long-term analysis with potential target in the "Related Ideas" below... I just one to mention one thing here.
Siacoin (SCBTC) will behave just like DigiByte (DGBBTC) once it goes bullish.
The price you are seeing now is not something you can find every week or month... It is something that happens only once every two years or more.
For...
These altcoins that we used to give so much energy to in the past are in a hibernation state...
After the hibernation comes the activity and lots of activity, fast growth in this case.
We can see some action now but not the big wave that we would expect when the bullish market comes.
Considering this one is good for the long-term, for the short-term there are...
Siacoin vs Bitcoin has been bearish since forever.
This pair was added to Bittrex back in May of 2017 and we continue to see lower highs for many years.
There is some hope though, in December 2020 Siacoin bottomed and in May/November this year we have a long-term higher low, giving us the first strong reversal signal.
The next positive signal comes from the RSI...
A major move can happen on the Siacoin (SCBTC) pair but we start with the short-term target first.
EMA100 rejected growth back in April this year and this same level is working as resistance now.
Since SCBTC has been consolidation above EMA50 for the past month, as the EMA100 resistance gets challenged again we are alerted of an upcoming bullish jump.
As usual,...
Alright my friends its been a while since we looked at Siacoin vs Bitcoin so we are going to go long-term.
Is there more downside or will it grow?
We see a low set 9-May 2022 and this is very likely the bottom.
Because of the high volume.
If we look back at December 2020 we can see that right on the candle where the low was set we also have really high...
Big move incoming in near future. Keep a check. 3X atleast if it break the descending channel.
Short term Bearish
LONG TERM - The coin is one of the strong projects survived the crypto space for a long time.
Unfortunately rally is done due to btc dropping significantly. Alts including sia will continue to bleed against btc money flow going red and sia broke down from trendline it held previously. Unless btc resumes bull cycle or begins a new one after a bear market, another rally will most likely not happen anytime soon. It is unfortunate as everything has been set up...
Cipher money flow indicator curling up the same way as before every big explosive bullish run on sia coin during bull market+ strong momentum waves (basic market cipher strategy)+bounce off of the trendline+increase in volume. Looking to break 54+55 sats level. 100sats to 375sats possible if 55sats level broken. Fundamentally skynet is releasing its monetization...
test
Siacoin is a cryptocurrency that powers the Sia network, a decentralized cloud storage system that lets anyone rent out spare hard drive space or utilize other people's spare hard drive space to store files.
We may see a pullback to 35-33 sat range as a healthy result of this resent uptrend. I would say in the next week or so. So many little green candles.
Short-mid term: Establishing confluence:
Price action, Volume, RSI, MACD, BTC Hashrate, BTC/Altcoin Dominance
We've tested 41 sats 3 days in a row (-1).
We haven't seen any significant volume increases that...
