Fundamentals: As always, I like to start with Fundamentals because I can't invest in something that is not backed with great intrinsic value. This help me to not panic when the asset starts facing a correction. So let's start:
For those who don't know it, LSK is very interesting and promising than other projects for DAPPS (more than Stratis and Ethereum). Why more interesting than Ethereum? Let's say that Ethereum has the important problem which is isolating DAPPS and because of this, developpers like me will agree that ethereum is taking us back when we were installing all servers in one machine. This means that one DAPP can kill all ethereum network (will lower transaction speed and smart contracts). Lisk and Stratis resolves this problem by taking inspiration from what we use lately (vms and containers). To have more information, see : medium.com/@yobanjo/how-etheroll-and-other-dapps-will-kill-ethereum-e973d8e1c465. Why Lisk is better than Stratis? The major reason is that it's based in Javascript and it's code can be run anywhere (Linux, OSX and windows). Also, the community of Javascript is way bigger than of C#. So the project Lisk can be considered as a sure thing for investing.
Technical Analysis: For those who know me, they know how much I love Fibonnaci. I've always used it in forex and Stock and believe me it has never betrayed me. It's just how beautiful the gold number can make you money. Here, I've used fibo in the past bull movements and as you can see it's a perfect match with the level 1.618. So that's why I have programmed my sell at 0.00097789 so I can rebuy it after correction.
@sabirdeux thanks for this information, I just bought at 0.00085575 and thinking of selling at 0.0009900. If I do that do you think it'll go back down to 0.00085575?
sabirdeux
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@christian10862, Hi christian. For your response, I think that I will do a post tonight. You were very quick at entering the trade (I had commented above to dedicate 50% of your lisk cap at the entry 0.0008224). For now, just hold your position even if the price goes against you.
I love you approach to market analysis, fundamentals + technicals is a great combination. I just started following you can know your thoughts on various trades. Great job!
sabirdeux
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@seuncares, Thank you. I'll do my best to not disappoint you.
demonized
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nice analysis. what price is good for buying?
sabirdeux
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@demonized, For now, put 50% in 0.0008224 and the other 50% in 0.00072115
seuncares
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@sabirdeux, Do you think market will still retrace to these buy levels for me to still buy? It has gone up quite a bit and I just saw this post. Please advise
sabirdeux
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@seuncares, Yes as you can see the market is still correcting. An alternative is to go in the SC/BTC trade, I've made two post for that. For SC/BTC, just buy at the market price. SC and Lisk are both projects that goes together and doesn't replace each other: Lisk the program hoster and SC is the data hoster. Good Luck and don't forget Patience is the key
seuncares
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@sabirdeux, I like your trading plan so much! I just placed my orders and watching how the market moves. Thanks for your prompt response and I'm happy to follow you.