Siacoin (SC) Overview

What Is Siacoin (SC)?

Siacoin (SC) is the native utility token of Sia, a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space. Agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for paying for storage on the network. The main goal of the project is to become the "backbone storage layer of the internet."

Sia was originally announced in May 2014 before being revised and re-announced a year later in May 2015. It officially launched in June 2015.

Website: https://sia.tech/

 

Siacoin (SCBTC) Chart Analysis

In the past two days we have Siacoin (SCBTC), DigiByte (DGBBTC) and Dogecoin (DOGEBTC) all moving higher while Bitcoin is hitting new All-Time Highs.

We are seeing many altcoins drop which is normal when Bitcoin grows, but these three growing can be a good signals for the altcoins.

Both DGB and DOGE tend to move first before the rest of the altcoins market moves.
SC and DGB are also correlated... Let's look at the chart.

SCBTC Daily (24 hours per candle)

Source: https://www.tradingview.com/x/fjXzyGVl

• First, we have a new ATL (All-Time Low) hit today at 10 satoshis.
• What follows is very strong volume and bullish growth, up to 18 satoshis which means 80% from bottom to top.
• We have a perfect falling wedge pattern that is breaking bullish.
• We have a strong RSI above 50 after a new ATL, this is also a strong signal.
• The MACD is moving up and showing clear and strong bullish divergence.

See the MACD (higher lows) while SCBTC was printing lower lows:

Source: https://www.tradingview.com/x/SENwHA5s

These signals are enough for us to open a trade... Let's get to the numbers.

Siacoin (SCBTC) Trade Numbers by Alan Masters

Buy-in: 0.00000014 - 0.00000016

Next support: 0.00000012

Targets:

1) 0.00000023 |Hit 29-Jan. (+53%)
2) 0.00000032 |Hit 15-Mar. (+113%)
3) 0.00000038 |Hit 16-Mar. (+153%)
4) 0.00000045 |Hit 20-Mar. (+200%)
5) 0.00000067 |Hit 5-Apr. (+347%)
6) 0.00000080 |Hit 17-Apr. (+433%)
7) 0.00000101 |Hit 17-Apr. (+573%)
8) 0.00000135
9) 0.00000155

Potential profits: 933%

Stop-loss: Close weekly below 0.00000010.

Capital allocation: <20%.

HAPPY NEW YEAR 2021 & BEYOND!

I am wishing you a very successful and prosperous year 2021.

May this year help you grow, learn, earn, be, understand, relax...

May this year open a path that leads to your Soul's true goals and purposes.

May all your dream come true.

Thanks a lot for your support.

Namaste.