SUMMARY
Sia Coin (SC) has been taking a beating! It's a,b,c correction has been going on since June and has been unrelenting. The red c wave has also been taking full advantage of just grinding and churning through the incremental lower lows. But, step back and take a look at the pattern. If you viewed my last nights evening update on Bitcoin, then this is yet another case of uniform sentiment driving higher the similarity index of chart patterns. Look again at the symmetrical triangle lines. Something BIG is about to happen. This Altcoin is gonna BLOW! Whic way? I've laid out the Elliott Waves in blue.
Now take a look at the SC/BTC chart. No, it's certainly not identical to the SC/USD pattern. But the similarity is uncanny! Sentiment is certainly alient across difference price pairs. Now look at the symmetrical triangle pattern. Look how the sub waves of the red c wave counts to five. What happens after a five wave impulse? That's right, a trend reversal! So, even with SC/BTC...pattern and Elliott Waves indicate something BIG is approaching and that to me is a BIG price blowing upwards!!
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Legal Mumbo Jumbo: 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.**
I’ve been interested in SIA for a while now but not yet taken the plunge. It’s one of the few Alts with a decent use case beyond speculation. Now sounds like a good time to jump in. (I mean ladder in)!
Ladder is power!!!
Nice report,
Thanks! One of these days could you have a look to SONM?
Much appreciated!
I like this
let's hope it blow then!
I'd some SIA mined already.. : )
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You are a master @haejin, thanks for sharing your knowledge here.
Cheers
Good read. Thanks for the informations.
I took a position in Sia when it was very cheap about a year ago. I've seen a very nice return on original investment, but its looking a lot less rosy than it did in those summer peaks! Still the fundamentals are strong with this coin, and 2018 should be a big year.
Your wealth should grow MASSIVELY!
Thank you for posting against BTC as well. awesome!