lightknight

Siacoin BTC Ratio Reversal (Long Term)

Long
POLONIEX:SCBTC   Siacoin / Bitcoin
An interesting take on the Siacoin SC/BTC ratio and fractals:

Siacoin is fundamentally a good project with a talented dev team and one of the few coins I like with a use case other than a currency (decentralized cloud storage).

Technicals

  • Yearly BBands on the daily have tightened to the point that volatility on long time frame is low. BBands opening signals the start of ratio increasing.
  • MACD on the weekly shows bullish diverg SC/BTCence and that a reversal is imminent
  • SCBTC fast approaching 4/1 Gann Fan Level
  • Weekly EMAs are quickly converging signaling future bullish momentum
  • Repeating fractal patterns from previous cycles show that the SCBTC ratio has the potential to increase in a parabolic fashion
  • Siacoin has historically rallied up towards June (refer to previous 2 cycles)

SC/BTC Targets

Target 1: +-0.00000180
Target 2: +-0.00000330
Target 3: +-0.00000470
Target 4: +-0.00000828
Haftungsausschluss

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