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LARP_Capital
Oct 21, 2016 4:24 AM

Descending Wedge, news in post. Good profit. Long

Siacoin / BitcoinPoloniex

Description

Descending wedge formation and bounce off of support level at 62 satoshi/.382 retracement level.

Big news that not many know about yet: 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.

Comment

Release has been confirmed for Tuesday the 25th via SC slack.

Comment

Check out cloud28plus.eu/content/Minebox---Next-Generation-Cooperative-Storage-Powered-by-Blockchain?extId&caid

minebox.io
Dedicated decentralized storage hardware designed for sia to be released Jan 2017

Comment

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.
Comments
Sasukeevil
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
It already has surpassed 80 sats. Maybe you're right, we will find out very soon as btc corrects and we reenter structure.
Sasukeevil
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
I understand what you were saying, but the same fundamentals applied when SC touched 175.
btcmaxikek
1.0.3 should be out by tomorrow Tuesday 25th October according to the developers
LARP_Capital
Additional news, cloud28plus.eu/content/Minebox---Next-Generation-Cooperative-Storage-Powered-by-Blockchain?extId&caid
minebox.io/
Dedicated decentralized storage hardware for Sia shipping Jan 2017.

LARP_Capital
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
Maybe 284 sat maybe in december? What do you think?
LARP_Capital
Something like that :D
Sasukeevil
What was your entry?
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