SIACOIN/BTC-Daily-Bullish descending wedge filling towards apex.

11 Mar 2018

One of my favorite projects, SCBTC, is seeing a beautiful descending wedge, heading to the 80-40 satoshi range. Declining volume, along with a declining RVGI might show signs of a trend reversal as we near apex. What may pull SCBTC out of this wedge sooner is the public release of RC 1.3.2 and sticking with their timeline(trello.com/b/Io1dDyuI/sia-feature-roadmap), especially the releases in the medium term. Might be another big pump this year for SCBTC after further consolidation from its high. Although I am bullish long term for SCBTC, the potential for it to go lower has me waiting for a better price point.