thehiphoptorpedo

SC - When BTC Zigs, Siacoin also... Zigs

thehiphoptorpedo Updated   
BITTREX:SCBTC   Siacoin / Bitcoin
Updated chart from the one I posted a couple of days ago linked below. I'm not suggesting my original analysis won't play out, but now that we see a new possibility we must analyze where it could go.

I have redrawn the pitchfork, in the event SC drops below the new channel/trend line and adjusted the sat areas based on fibs. If this scenario plays out, the timeline will likely increase and may not see a re-test of the all time high until mid-late February.

If you have questions about specific sat ranges, see the chart. Aside from that I don't make buy/sell projections, only analysis.

See below for comparison of SC and BTC and see how they zig and zag together.
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