SIA Coin (SC): Is this a Genuine Breakout?

in bitcoin •  last year 

SUMMARY

Siacoin (SC/USD) is showing textbook completion and confirmation of a Cup & Handle. Price successfully has breached the upper blue line of th handle formation. The prior impulse waves (blue 1,2,3,4,5) also marked the initial sign of trend reversal. IF this breakout is genuine, the it needs to start impulsing and generate higher highs, which is the next step. Let's see how the overnight price action goes.

The SC/BTC, having two variables, one being the change in the demand for the coin and the second the rate of change for BTC; is expectedly lagging the SC/USD pair. The price has not yet broken out of the handle formation. However, if the SC/USD is an indicator, the breach is expected to occur.

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Gonna add some more Sia to my portfolio. Can you do an Elliott wave count on it?

Just posted an analysis that I think could be valuable. Golem is about to pop, what do you think?

GOLEM (GNT) - Analysis (572% POTENTIAL PROFIT) https://steemit.com/cryptocurrency/@benkalashnikov/golem-gnt-analysis-572-potential-profit

Screen Shot 2018-01-29 at 20.36.29.png

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Golem to the moon !!!

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The think about Golem is they have an amazing project. I would recommend a long term hold on that one.

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Interesting if it pops.

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With Bitmain releasing a SC miner (the A3), SIA is ready to moon!

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Bitmain has released Antminer A3

I prefer Storj for cloud storage.. Keep posting, good content
Screen Shot 2018-01-29 at 7.36.52 PM.png

I hope it rises. I bought an ample sum of it but then it has been static ever since.

Who are you Mr @haejin ? You interesting man.. :)

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So interesting that when I read about his speculations on crypto I get annoyingly jealous! Lol

Hope so been hoping that sia coin forever with like no growth seen

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I sure hope so too. Got tons of SC at super low price.

How likely do you it would be for Amazon to create a similar Block Chain Technology for Cloud Storage with the pre-existing users on their platform? They have already seen exponential growth in their cloud storage space last year, and I believe they will continue to develop the area of their business as they grow and retail sales potentially slow due to hyper inflation. I believe in the Sia project, but concern the market positions conglomerates like Amazon and Google have.

I certainly hope this coin starts doing better, Its a pain in my portfolio.

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lol

Im doing a fun little challenge to see what people would do if they had 10,000$ to invest in crypto with only one week to do it. Come comment on my post and i will calculate your profit at the end of the week:

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I love SIA. Can you please do an update on Stellar when you have time?

The whole market is quite before a Breakout. I can t wait till this damn january is over

Thanks for posting about SiaCoin! I own this one because I believe in the project!

Really, I like the project goal of decentralizing cloud-storage. After all the revelations about the meltdown and spectre bugs effecting all Intel and AMD chips, I loaded up on Siacoin and kept buying through this last dip.

Think about it! The companies most negatively effected by the chip's security bugs are going to be Amazon and Google and anyone else providing server space to cloud storage providers. No matter what, in the short to mid-term, all of those servers and by default, any of the clients renting space on those servers are vulnerable to anyone who knows how or figures out how to exploit those backdoors.

With external storage becoming so cheap, it now makes more sense to buy an array of 8tb storage drives at 200ish on sale on Amazon, and then lease out the space to SIA's decentralized storage system. Could be a nice way to earn passive income in the near future!

Nice opinion just wish this could be for real

great explain.....today i am goona resteem your post becuse it's too much good @Resteeeeeeeeeeem

  ·  last year (edited)

Thanks for your update Heajin!

I noticed 2 large contracting triangles, and it just broke the last triangle, if history repeats itself we could have massive profit.

I'm a novice at Elliot waves so correct me if i'm wrong. I also don't know at which height to place the last 1,2,3,4,5 impulse wave. Feedback is much appreciated!

Schermafbeelding 2018-01-29 om 23.10.01.png

https://www.tradingview.com/chart/SCUSD/1ASSbvgu-Siacoin-to-the-moon/

Thanks for presenting the analysis! Cup & Handle for the win :D

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1285052.png

  ·  last year (edited)

Is this an hourly chart or daily?

So basically, after the completion Siacoin could rise or fall.

i was hearing sia coin was gonna have a soft fork but didnt see a difference in price at all =(

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It's always good to go the the source for facts. Rumours are just that rumours. There was an official statement from the sia team check out the discord team.- https://discord.gg/sia

  ·  last year (edited)

Cool post You Covered
All the details but there is one problem does this decline continue slightly

Thoughts on Monero?

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It's tight.

The only reason for this bull run that appears to be a break out is because of Bitmain releasing the new A3 miner. I would trade with caution as many who have that miner are only going to make a short run with it.

Took a risk and mined these for about a yr with claymore's dual miner. I thought that they might one day come in handy. Also picked up a few more at 137sats. Mining Electroneum now. Grateful for the analysis brother.

I have some Sia, but can anyone explain to me the function it serves?

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  ·  last year (edited)

"Sia is the first decentralized storage platform secured by blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the world to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers." (https://sia.tech/)

Prepare, you will never loose data.

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That's right... Hmm sounds like it might be useful.

I love SiaCoin,thanks for presenting the analysis! Cup & Handle for the win :D

Antminer A3 has increased supply of SC in market. Do you think that will affect prices?

Fractal that!

To the Moon. Check out my blog for moonshots cryptos

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SIA COIN go to moon !!