dbt1033
Long

Descending Wedge, news in post. Good profit.

POLONIEX:SCBTC   Siacoin / Bitcoin
462 20 7
2 months ago
Descending wedge formation and bounce off of support level at 62 satoshi/.382 retracement level.

Big news that not many know about yet: http://forum.sia.tech/topic/774/sia-v1-0-3-rc3

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.
2 months ago
Comment: Release has been confirmed for Tuesday the 25th via SC slack.
2 months ago
Comment: Check out http://www.cloud28plus.eu/content/Minebox---Next-Generation-Cooperative-Storage-Powered-by-Blockchain?extId&caid

http://minebox.io
Dedicated decentralized storage hardware designed for sia to be released Jan 2017
2 months ago
Comment: http://forum.sia.tech/topic/783/sia-v1-0-3-released

Choo choo
a month ago
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.
Sasukeevil PRO
2 months ago
What was your entry?
Reply
dbt1033 PRO Sasukeevil
2 months ago
Shitty, 70.
Reply
Sasukeevil PRO dbt1033
2 months ago
Do you think it will retrace to 67? I'm finding a chance to buy again.
Reply
dbt1033 PRO Sasukeevil
2 months ago
That's always a possibility, but don't worry about 67 vs. 70 when the upside is this big. The update is going to drop in a couple of days... Being able to store that much information in a decentralized manner is a big deal. Blows the other storage coins away.
Reply
dbt1033 PRO dbt1033
2 months ago
The technicals and fundamentals are in line. This is a high probability trade.
Reply
Sasukeevil PRO dbt1033
2 months ago
So does that mean the formal version will release soon? They just released RC2 2 days ago.
Reply
dbt1033 PRO Sasukeevil
2 months ago
"In short, v1.0.3 is the polished product that a lot of people were expecting from v1.0.0."
Reply
Sasukeevil PRO dbt1033
2 months ago
Yep, the trend was reversed. Actually, I'm mainly a short term trader and did 3 trades in the last pump which was from 62 to 74.
+1 Reply
dbt1033 PRO Sasukeevil
2 months ago
Nice dude. Profit is profit. This is a trend trade though. The news is very bullish and should push us up out of our wedge. 2x - 4x on this.
+1 Reply
RastaLP dbt1033
2 months ago
Do you think will hit 284sat?
Reply
dbt1033 PRO RastaLP
2 months ago
Eventually, that's my final target. Maybe in a few months
Reply
dbt1033 PRO
2 months ago
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.
Reply
RastaLP dbt1033
2 months ago
Maybe 284 sat maybe in december? What do you think?
Reply
dbt1033 PRO RastaLP
2 months ago
Something like that :D
Reply
dbt1033 PRO
2 months ago
Additional news, http://www.cloud28plus.eu/content/Minebox---Next-Generation-Cooperative-Storage-Powered-by-Blockchain?extId&caid
https://minebox.io/
Dedicated decentralized storage hardware for Sia shipping Jan 2017.

Reply
guzzler3
2 months ago
1.0.3 should be out by tomorrow Tuesday 25th October according to the developers
Reply
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.
Reply
dbt1033 PRO Sasukeevil
a month ago
It already has surpassed 80 sats. Maybe you're right, we will find out very soon as btc corrects and we reenter structure.
Reply
Sasukeevil PRO dbt1033
a month ago
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.
Reply
dbt1033 PRO Sasukeevil
a month ago
I understand what you were saying, but the same fundamentals applied when SC touched 175.
Reply
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