SIA Coin (SC): Is this a Genuine Breakout?
bitcoin·@haejin·
0.000 HBDSIA Coin (SC): Is this a Genuine Breakout?
<center></center> -- **SUMMARY** Siacoin (SC/USD) is showing textbook completion and confirmation of a Cup & Handle. Price successfully has breached the upper blue line of th handle formation. The prior impulse waves (blue 1,2,3,4,5) also marked the initial sign of trend reversal. IF this breakout is genuine, the it needs to start impulsing and generate higher highs, which is the next step. Let's see how the overnight price action goes.  The SC/BTC, having two variables, one being the change in the demand for the coin and the second the rate of change for BTC; is expectedly lagging the SC/USD pair. The price has not yet broken out of the handle formation. However, if the SC/USD is an indicator, the breach is expected to occur.  **Legal Disclaimer**: 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. </center> Please consider reviewing these Tutorials on: [Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin) [Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves) [Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections) [Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). [Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this) [Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves) [@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences) [Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event) Follow me on [Twitter](https://twitter.com/Haejin_Crypto) for Real Time Alerts!! Follow me on [StockTwits](https://stocktwits.com/HaejinCrypto) for UpDates!! -- -- <center>https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer: BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030 LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf <center>https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif</center>
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