Siacoin True Bottom (ALT) & 1,000% Growth PotentialMy dear reader, we have a true bottom here when we look at the Siacoin vs Bitcoin (SCBTC) chart. This is important, TA wise, because it signals that only growth is now possible.
Once we hit bottom...
➖ Siacoin hit bottom in June 2024 at 6 satoshis.
The same level was tested again in June and then in July, both times holding strong.
➖ In early August 2024, 6 satoshis (0.00000006) was tested again and held as the bottom of the bearish cycle. This is the lowest price ever, in more than 7 years.
Needless to say, the last bull-market happened in the incredible year of 2021; we had something never witnessed before in our lifetime, a huge pandemic and we were forced like little children to wear masks and be "locked-down" in our homes... Thanks to the almighty God, the world didn't end. It turned out that Cancer, Heart Disease, Diabetes, Smoking and even being struck by lighting is still more dangerous than the highly propagandized seasonal flue. Anyway, the thing is that the market grew wildly while we were all glued to our screens.
➢ Back in 2021 Siacoin grew 1,111% in a period of 105 days.
If we go further back, this pair is old enough, there was another bull-market in 2017. There is a bull-market every four years in the Cryptocurrency market, so prepare for a new one in 2029.
➢ In 2017 SCBTC grew 1,500% within 63 days.
Some of the BTC pairings for many Altcoins did not produce an intermediate wave in 2023/24, this isn't the case for Siacoin. SCBTC grew 400% between November 2023 and February 2024. Growth was even higher on the USDT pair. Here growth was smaller because Bitcoin was really high and rising, people were not ready to part with their BTCs while it was moving up. The situation is very different now. Bitcoin has been bearish for 6 months and is ready to print a major leg down. People will be fast and happy to sell BTC for Altcoins, thus strengthening the potential for growth for this and other pairs.
➢ Long story short: Siacoin always pays and it looks good for 2025/late 2024.
We are now in the accumulation phase. Our strategy is very simple, buy and hold.
We buy and hold with the intention to sell when everything is up. Trading 101.
Buy when prices are low, near support; sell when prices are near resistance or at new All-Time Highs. With this simple strategy, you can't go wrong.
Namaste.
SCBTC trade ideas
✳️ Siacoin vs Bitcoin | 130% To 455% Mid-Term PotentialThis 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 long lower wick, back to green... This is a strong signal that points towards growth.
The targets can be seen on the chart but remember, the market can always surprise.
It can go higher and for longer than anything we can expect or anticipate... So build a plan where you prepare for the worst and hope for the best.
For example, I can sell portions on the way up, a certain percentage of my stack at each target.
Say I reach 400% or 500% and I am really happy with the results. I don't have to be 100% right so instead of selling all, I leave 20%, 15% or 30% behind... If it keeps on growing and goes more and more, I have some left to enjoy the higher targets... This is just an option, sometimes I can sell everything at 200%, move on and try again.
Different strategies for different people.
It all depends on your capital, your risk tolerance, your goals.
Thank you for reading.
I'll see you on the next one.
Namaste.
Sleeping monsterThere 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.
✳️ Siacoin | First Time Ever This Happens...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 place.
✔️ Short-term we can see 65% easily and even 210% and more medium-term. Long-term is another game.
We will revisit this pair in several weeks time.
Thank you for reading.
Namaste.
✳️ Siacoin vs Bitcoin Did Over 800% Last Time, What About Now? 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 days which is around 3.5 months.
Now Siacoin hit a new All-Time Low at 9 satoshis recently, last month, and is getting ready for the next phase.
Some exchanges removed the pair so you can't buy it at bottom prices, but luckily other exchanges leave the pair open/available long-term. So our long-term strategy here can work.
The thing is, once it starts going you will be wondering why didn't I buy this one... Or if you somehow decided to trade this pair, you will be happy with the results. That's just my speculation of course.
Time will tell but the chart is saying up! Long-term.
Think long-term.
I always say to myself... "Buy and hold".
Namaste.
✳️ Siacoin Major Bullish Potential vs BitcoinIt 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 being really strong in favor of a price increase.
Regardless of what Bitcoin does, Siacoin is looking bullish based on this chart.
80% potential is easy but can be more, 190% and even more if we consider the bigger picture , this chart is based on the short-term.
Namaste.
✳️ Siacoin vs Bitcoin | The Patience PerspectiveYou 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 example, the last time that Siacoin was at 10 satoshis (0.00000010) was December 2020... This level hasn't been seen again.
It then grew by 860% in less than 4 months.
The only way to take advantage of such a chart is to buy and hold.
When this pair takes off, in the first few days, it can grow 80%, 100% and even 150% or 200%...
Anyways... Patience is key.
It shouldn't be longer until the next altcoins market bullish wave.
The smaller ones vs bitcoin...
We diversify to decrease risk and maximize potential profits.
Make sure to do your own research.
Namaste.
✳️ Siacoin Long-Term Potential Still Intact (Up To 1500% Mapped)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 others, better choice to pick from.
We will revisit again in a few months and see what we get... But remember, everything can change in a matter of days.
Once Siacoin (SCBTC) starts moving, it will be impossible to buy at the prices we have today.
People will look back and say... "Wow, imagine buying at those prices...", "It consolidated there 6-8 months and I always ignored it", "I would have earned 10 times more by buying and holding rather than jumping around different trades"...
When this is happening, the growth will be at 300, 500 and even 800%.
The time is now to plan, to study, to learn...
With a plan at a hand, a well though-out strategy, you can change your financial future forever but this is easier said than done.
It takes courage to be successful.
It takes courage to be able to buy and wait for the right time to sell.
Emotions are strong and they become even stronger when prices drop or when things move ahead.
It is an entertaining game for sure.
It can also be a highly profitable game, or painful.
Thank you for reading.
See you soon!
Namaste.
Siacoin vs Bitcoin Easy Target 115% (Up To 320% Possible)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 above 55 weekly while SCBTC its trading at support. Again, a strong RSI near support we consider an early reversal signal.
The main/easy target is set at the counter-trendline, which is always challenged on a price bounce and it stands at the 30-33 price range or 0.00000030 - 0.00000033.
That is for 100 to 115%.
If instead of just a correction we get a bullish wave then higher prices are possible.
Based on Fibonacci proportions, the next high after 33 satoshis sits about 64 satoshis, giving us a total potential of 320%.
This is a mid- to long-term target.
This is just my opinion, view, analysis of the chart based on my studies and experience... Things can always change.
It has been 600+ days since the last bullish wave.
This pair is due a new bullish wave or a correction in the least based on how the Altcoins market cycles.
Namaste.
Siacoin Prepares For Major Move (60% Short-Term)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, low risk with high potential rewards.
We can have a 10-15% risk (stop-loss), while we aim easily at 60% to start but there can be 100% or more in the weeks to come.
Namaste.
Siacoin Long-Term Higher Low | The Bottom (333%)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 volume.
At the same time in both cases the RSI is at its lowest.
I can also see a bullish divergence with the MACD since March 2022.
I am mapping 333% potential long-term but there can be more.
Plan ahead before trading...
Stick to your plan and good luck!
Namaste.
Siacoin bearishUnfortunately 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 nicely for a great run. For now sia has entered a bear market. If a reversal appears and strength comes back into the market, I will update.
Siacoin very bullish against BTCCipher 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 whitepaper very soon+possible coinbase listing this quarter.
SC-BTC/Short-Mid Term: Potential Pullback to 35-33 then back UPWe 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 would suggest we may breach that 41-42 sat region, though we have created a higher-high so it could go either way (+1/-1).
RSI 4hr shows us in near oversold region; the trends don't show any obvious signs of bearish or bullish divergence assuming we close above 39 sats on the 4hr (-1).
We've spent 9 days above the zero line on the MACD which has not happened since we last pumped, which is usually followed by a down trend in price. Also important to note for the MACD, we've maintained a rather neutral uptrend structure, which is different from April - I would expect the next pump to start from below the zero line and travel sharply upward (-1).
Bollinger bands also suggest we're overextended, which is typically followed by a correction (-1).
There are, however, signs of hidden bullish divergence on the MACD (indicated by a < structure, looking at the bottom trend lines of the MACD and price action of candlesticks) (+1).
BTC needs to close above 36k ASAP or we can expect another pullback to at least the 33k region - some speculate that there isn't enough supply to get us there though who knows really (+1/-1).
BTC Hashrate has been increasing (18% increase in last 7 days) and BTC dominance has been decreasing (~3% decrease in past 7 days) which subsequently causes altcoin dominance to increase (~13% increase in past 7 days). This would suggest a continued uptrend for BTC in the short-mid term, which should bring SC with it (+1).
You could also argue we're in an upward channel or rising wedge, both of which are indicative of a future downward price movement. This is either validated by a confirmed break below the bottom support line or invalidated by a break beyond the upward resistance line. Price action could very well continue bouncing slowly upwards in-between. It's important to note that these formations are considered to be on the weaker end in terms of reliability (-1).
In terms of confluence (for short-mid term) , this equals 7 points towards a price decrease from its current position and 4 points towards a price increase/continued uptrend surpassing resistance. Even if it results in a downtrend, I believe the price will recover and it will be the last major pullback we see before we suit up :rocket:.
Open to any and all feedback. Let me know if you agree or why you disagree.
Just my 0.00000002 sats. Not financial advice. DYOR
Thanks for reading.
