SC/BTC Technical Analysis

in #bitcoin7 years ago

Thank you for all support you give. The more support I get the more likely it is I keep putting several individual code analysis like this as my steemit blog career moves forward.

SIACOIN, SC/BTC Hourly Chart Analysis:

Fibonacci working very well here as the first 38.2% handle has been resisted now several times while the sellers are showing absence. This lets me know that we are probably getting ready for a push to the next level and buying slightly north of the handle near 644-650 puts you in alright position for a day trade to the 705-715 handle. That is the next mark which is set at 705 and often times the price will pierce a little above and therefore selling at 710, 715 can often work out as well.

I stated a buy on here earlier so I already have tokens and will sell the remainder of them at the Fibonacci handle near 705 with the intention of buying them all buy back at 625.

sia.png

Derek

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