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AbdorhmanThi
Oct 3, 2017 12:36 AM

Siacoin: Bullish Bat Formation and Divergence Long

Siacoin / BitcoinBittrex

Description

Siacoin is pretty cheap as of now, the cheapest we ever seen it. I like the project behind Siacoin and the way price is looking, indicates to me a strong breakout soon. We have a clear divergence forming on the bigger time frame and a bullish bat formation in this post. What are your thoughts?

Trade with care.
Comments
kozali
I hope go to up now ! :D
tolkinas
Not really sure how you came to this conclusion, to be honest. We can see the same trend back in 15/08 and then again in 28/08 both concluded with a hard fall. Not sure how this time is different. Not a pro but I just can't see a reason for the coin to go up. Of-course Cryptos rely a lot on community and achievements so there might be something there that I am not aware of.
AbdorhmanThi
@tolkinas, It might or might not happen. I believe long term, we should see some move back up though. If the trade is up 10%. I will be moving my stops up to break even. Then I wouldn't be worried about this trade. If anything I will grab traditional target, which is only 15%,
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