The 3rd Time is a Charm for SCBTC
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Of all the altcoins/blockchain projects out there, it seems that few are solving a real use case beyond creating a new digital money. Sia seems to have found a real use case for blockchain tech using it as an incentivized encrypted cloud storage system.
Looking at the chart, there seems to be a couple patterns that develop just prior to big price moves. The green square is usually an initial sharp pump in price, followed by the blue square with more of a gradual rise and fall like a hill. It looks as though this could be forming again. The idea looks like it will need another month or so before the blue square pattern is confirmed, but if it is, the third wave should be imminent. In the mean time, it looks like a good accumulation zone is between 175 and 135 sats based on historic resistance/support. Put comments and criticisms in below and DYOR as always.
Thanks!
Looking at the chart, there seems to be a couple patterns that develop just prior to big price moves. The green square is usually an initial sharp pump in price, followed by the blue square with more of a gradual rise and fall like a hill. It looks as though this could be forming again. The idea looks like it will need another month or so before the blue square pattern is confirmed, but if it is, the third wave should be imminent. In the mean time, it looks like a good accumulation zone is between 175 and 135 sats based on historic resistance/support. Put comments and criticisms in below and DYOR as always.
Thanks!
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Sia looks a bit oversold right here... if things play out like the 2013 bitcoin bubble to 2014 we could definitely see an "alts are back" situation. Anything below the lower red dashed line should be considered a great buy with significant upward potential.
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