This is my Siacoin (SCBTC) trade. Updates will be posted here.
Our trade is active from buy in range: 95-105 satoshis. Over 25% profits from buy in.
Here is the chart:
Here are our targets:
(*) 123 * Target hit * (1) 130 * Next target * (2) 175 (3) 200 (4) 255
Note: This post is for updates. For trade instructions check the earlier post.
Your support is highly appreciated.
Namaste.
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UPCOMING EVENTS: Hard fork on 31st October according to Coinmarketcal.
Previous analysis (trade idea):
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Retrace incoming. 99 Satoshis should be the lowest point.
You can rebuy and reload or just keep on holding, your remaining SC to sell on the next target.
For now, keep enjoying the profits.
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Note: SCBTC does not need to necessary retrace to 99 satoshis. This is what we expect and normal behavior, but it can move up strong if the market conditions changes.
That's why we sell a portion at each target, keep the rest for higher targets, collect the profits... THANKS!
1) Buy low. 2) Hold. 3) Sell high.
Namaste.
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We've now retraced all the way back to 99 satoshis. Let's give it additional time and see how it all develops. I will be rebuying some just in case.
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We are now above EMA10 for the first time on the weekly time frame:
A close above this level, will signal bullish strength. The next few weeks can be really interesting for Siacoin.
Locked and loaded !
HODL all the way till 200 at least!
Thanks
This hardfork will do wonders
AlanSantana
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@Fnf312, My pleasure. Looking forward to it. Can be a really good one.
Bakchos
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next target 105 sat ?
AlanSantana
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@fotis05, Yes. The lowest point should be around 100 satoshis on this retrace for us to remain bullish and aim for the next target.
Rob1n2
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Hardfork on the 31st Oct should pump it. right?
cryptoOnelove
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How could one donate to you as a "token" of appreciation?
AlanSantana
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@cryptoOnelove, Thanks a lot for the support. Sent my btc address.
kptest
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It should cross ATH, i remember what happened last year with xlm ada and emc2.
AlanSantana
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@kptest, Yes. I am being overly conservative, but if a bull run comes we will make new all time highs. The prices will be astonishing for a few days.
zerocashcool
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@alanmasters, hi. :) I'm new to your analyses and could use some clarification. You name 130, 175, 200, 255 as targets. These would be targets for taking profits? What's your take-profit method? How much do you sell and where do you rebuy? Thanks a lot for your help. I look forward to learning from you.
HODL all the way till 200 at least!
Thanks
This hardfork will do wonders