It's gonna happen sooner or later.
Note
481.63125926Timestamp of current volume on bittrex for a reference. Kinda low now, but be patient.
Note
Mark cuban is invested in a hedge fund whos board member is CEO and cofounder of SIA.forbes.com/sites/laurashin/2017/08/21/mark-cuban-invests-in-newly-launched-crypto-venture-fund-1confirmation/
SIA has REAL infrastructure.
minebox.io/
obelisk.tech/
twitter.com/siapulse
trello.com/b/Io1dDyuI/sia-public-roadmap - NExt release in september
reddit.com/r/IAmA/comments/5p5xbp/were_the_team_behind_sia_a_new_type_of_cloud_that/
Github updated daily.
github.com/nebulouslabs
Note
Drew some fib reversal areas. At each green box.113,107,91,62 are potential price fulcrums where price may decide to turn. I really don't think this will get to 62, but anything can happen. Would have to be some really bad news.
Volume has been very low lately, but as soon as this thing starts picking up interest it will go. Next big update is in November so I expect it to start moving before that release. trello.com/b/Io1dDyuI/sia-public-roadmap
That being said I don't think SIA will produce any hype between then and now so price and volume may continue like this until someone big steps in. And they will. I just can't tell you when.
This is a VERY active project and as Ive said before it is very strong fundamentally. Github continuously being updated.
github.com/NebulousLabs/Sia
Note
If you're an active trader and don't want to risk tying up your liquidity your best bet is to wait for a proper trend reversal. Just keep a close eye on it. November is nearing and from experience all coins (shit or not) get pumped before any release.Note
SC touched down to 100 Sats very quickly before moving upward. Volume picked up a little bit, but now we are sitting in a tough area. Either buyers come in (they need a reason and November release might be to far?) or we bleed a little lower or go sideways. Either way upside potential is still very good on SC and I am going to hold onto my added position + look to add more. I nabbed some more at 106 after seeing it bounce. Now waiting for a clear direction to the upside. Here's some charts . aginst BTC, USD, and ETH Note
Only reasons I can think of that Sia will go lower are:1. Sia team quits (highly unlikely due to consistency of github updates)
2. Lack of new developments (crypto moves fast and investors/traders buy on hype/news hence why I am looking for a big move preceding November release)
3. BTCGold Airdrop (On 10-25 BTC will hardfork and holders will receive an airdrop of BTC Gold, similar to bitcoin cash, most people sell their altcoins in order to capitalize on the "free" money)
4. A major competitor makes a massive advancement. (ie storj signs a contract with dropbox)
5. SEC bans bitcoin or something similar to China (in which case we are in a massive bear market for another 1-2 years similar to 2010)
6. Aliens come to Earth and share their advanced blockchain technology with us.
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Trade, Code, & Travel.
pinescriptstrategy.com
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.