Siacoin is entering our accumulation zone. It will be very tough to call an absolute bottom on this one. You need to understand we had a real expansive cycle and majority have suffered huge losses from the top on down. We can establish a line in the sand on the long accumulation belt as we can see from the past, has been an ideal buy zone. It's hard to say with so much buy support defended at these levels if we can get there again, as we can see we have had only a few wicks of panic selling into there. I would consider to buy Sia here at 67 and average down if we get there. For every seller you need a buyer and vice versa so you cant freak at a -10 or -20% from here because its not the same as being -20% when we were up in the 300+ sat zone. You need to understand how the game is played. When markets are in these phases, they arent meant to be actively traded. I would be accumulating for sure for its next inevitable cycle since both fundamentals, technicals and community is sound.
@Papou thank you for the explanation. I don't know how to read the charts but I do know how to buy and HODL. I've seen people's successes in buying early and forgetting about it. I've also seen people making massive profits also by employing dollar cost averaging and timing techniques. Given that Sia has been on a downward trend since July, can we say its heading back to the 0.00000030 zone?
Also given what Sia is trying to achieve, if they pull through what price zone can we tentatively predict or forecast? Thank you
mycotoxin
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@Papou I gotta give it it you, you know your shite !
marcosjrnet
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please do an update of the chart, best time to buy.
Papou
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@marcosjrnet, right now. any of these prices are good in the long run. crypto isnt about trading optimally, its about trading smart and patiently.
Also given what Sia is trying to achieve, if they pull through what price zone can we tentatively predict or forecast? Thank you