Brenna364
Long

Siacoin thoughts

POLONIEX:SCBTC   Siacoin / Bitcoin
So sia has been going sideways for a little bit now and for me it's looking like a nice area to buy into.
Checking out their trello (found on their website) they're expecting to release an overhauled UI this month, as well as a generally improved user experience however I don't know how much of that feature is due to the planned change in UI since the card has no extra info aside from "UX improvements to allowance" which sounds like it will be on the UI front.
I was never very bullish on this project since I'm finding it hard to justify the use of tokens in a storage company but I've not read the whitepaper in a long while so I'll have another look at it. Also with a supply of 30b it's really hard to see this as growing as much as some people hope (I've read some people hoping for $1 lol).

Anyway the weekly stoch RSI has been at oversold for a while now, and the daily is similarly sitting at a really low level.
TD             sequential is at a -9 weekly, and -8 daily, so I'm going to check tomorrow if that's confirmed to hit a -9 which will be my main buy signal.
Daily BB has also started to squeeze nicely due to the lack of volatility recently.

I'm not super confident in that triangle pattern I drew but it will be interesting to see if it is filled out.

In general I think SC             has returned from its overvalued state back to a reasonable level so I'll be looking to place some buy orders in soon.

edit: the stop loss was found from a gann fan
Comment: Gonna wait for all the china FUD to die down
I would like to know if you have something to add in the graphic?
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