Descending Wedge, news in post. Good profit.

POLONIEX:SCBTC   Siacoin / Bitcoin
Descending wedge formation and bounce off of support level at 62 satoshi/. 382 retracement level.

Big news that not many know about yet:

We dumped initially because the product was broken. This update restores functionality (first update in 3 months), and has been demonstrated to store 100GB files on the blockchain.

Potential for much more upside than target. 1.618 fib extension at 284. This would be the final target.
Comment: Release has been confirmed for Tuesday the 25th via SC slack.
Comment: Check out
Dedicated decentralized storage hardware designed for sia to be released Jan 2017
Comment: Well, BTC... what else do i need to say. We are breaking back in to the bottom of the wedge, which is good news for sc.


Sia is not a good coin for long-term investment due to its high inflation rate and huge supply. I even believe it will never pass 80 sats.
LARP_Capital Sasukeevil
It already has surpassed 80 sats. Maybe you're right, we will find out very soon as btc corrects and we reenter structure.
Sasukeevil LARP_Capital
Wasn't the last top 75 sats? It needs to close above 77 sats to confirm the breakout.
Not just Sia, some coins also look good in TA but very bad in FA.
LARP_Capital Sasukeevil
I understand what you were saying, but the same fundamentals applied when SC touched 175.
1.0.3 should be out by tomorrow Tuesday 25th October according to the developers
This trade is still in tact. Now might be a good time to enter if you haven't. Btc caused a sell off in all alt coins, but due to weak volume/obv bear div on 1D chart for BTC, it should move sideways or dump from here.
RastaLP LARP_Capital
Maybe 284 sat maybe in december? What do you think?
Something like that :D
What was your entry?
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