SiaCoin (SC): The Extended 5th Wave Will Likely Not Allow a Quick Correction but Probably Force Time and Price Extension

in #siacoin3 years ago

SUMMARY

Siacoin (SC) has a historical evidence of a rounded price formation that took not weeks but 6 months, as shown by the below rounded price formation. The current ABC correction also looks about half done as a whole. The bear flag has also been active in generating lower lows.

The extended 5th will shown in below chart is quite massive and vertical. This type of move requires quite a bit of time and price churning in an illiquid Altcoin. While the liqudity maturity of SC is better than last year, I believe expecting a quick turnaround might be a bit premature. The final C wave is also likely to go more sideways as a wxyxz complex type. Likely not until late April that an impulse will onset to build the right wall of the rounded price formation.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Very important updates. THANKS a lot for sharing.

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Price stuck in between weekly demand and weekly supply. Once we break the $0.02 zone and the $0.03 level (yellow line), buy on a pull back.

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Thank you mr.@haejin on his post, so I can know about his progress
I like your post
greetings from me @nunis
success will always be with you sir @haejin
please vote it ,,, because I'm new in steemi

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look close with an open mind with what this new concept is doing with open source Ethereum ERC-20 smart contracts, decentralized exchange and passive income. The game is on it's way to passing the crypto kitties game on the Dapp Radar
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Thank you sir @haejin for this info, I am not a fan of siacoin but I think I will buy some and hold till its turnaround...

Who cares about siacoin, it's all about the Bitcoin! Here's my multiple time frame analysis: https://steemit.com/bitcoin/@investingtips/bitcoin-multiple-time-frame-analysis

What a load of BS. Why don't you just save yourself time and just post a blank picture or something and then get your mate to vote on it?