Fast, Reliable and Inexpensive Transactions. That's Stellar!

업데이트됨
"The dial-up era of blockchain" - Ted Livingston, CEO of Kik.
No it's not Stellar he is talking about, it's Ethereum!


Fundamental

When the IBM news broke on Stellar, I was all over it! And I regret not posting a trade idea on it earlier on as I have had it in my portfolio for a good amount of time now.
But here we go, better late than never I guess!

Fundamentally I look at Stellar with strength. Obtaining a partnership with IBM is no small deal. It's huge and the chart has proved so over the last couple months. News article here if you missed it!
The guys at Stellar know how to prioritize and have a winning strategy. And very important, they can scale!

The quote from start is interesting. Read article on Coindesk.
It's the CEO of Kik and they have chosen to shift from Ethereum to Stellar. Recently their network passed rouchly 10k users and that's the limit that Ethereum could handle.
Because of this Stellar was the way to go and that gives me even more faith in the tech. As I don't have the most technical understanding I need to rely on others actions and opinions.

We also got Mobilecoin launching on Stellar.(With the creator of Signal!)

Any rumours? It's not something with much to it. But Walmart has partnered up with IBM on using blockchain!
There is absolutely nothing out about using Stellar. However, it's still a positive in my eyes. It's important to be connected to the right people, and it looks to me that Stellar is.


Technical

Stellars chart looks pretty nice! I see room for growth upwards if we can move out of my channel and pitchfork. Which looks very likely to me, but it has not happened yet!
I believe we are in the last wave within the larger third wave. The target area I am looking at is between 0.33-0.34 USD (between my two 4.618 Fib levels). Unless fundamentals change drastically I would think we end up in a 4th wave correction.

The last run from Stellar provided an amazing 4440% increase! The sad thing is we are very high in this run as well and I should have gotten this chart out much earlier. However, 4440% on current run would mean 0.495 USD!
I'm not setting my target that high, but it could easily spike to that level. 0.5 should be a very decent resistance area.

If we break upwards now I don't see much resistance before target area is hit. Maybe some at 0.26 USD but thats it :)
노트
Stellar has broken out!
So it's confirmed, and there is potential to go above my target but I like to be conservative :)

스냅샷

Trading Group/Community is getting bigger.
If you are interested you can read more here:
kryptokelly.com/koinworld
거래청산: 타겟 닿음
Perfect! First target hit on Stellar today :)
I have sold half my lumens for nice 140% return.

Some of the reason is that I am keeping all my XRP for now, and since XRP & STR is correlated I feel like this is the best move for me.
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I'm replacing the STR for Bitcoin btw, you can keep updated on what I do in my spreadsheet :)
거래청산: 타겟 닿음
Aaand there goes the rest of my precious Lumens!

I love Stellar, but I hate the risk/reward ratio it is presenting to me at this time.
The increases as been massive.
Could obviously still continue up, I don't know the future.
But this was a perfect time for me to say bye to Stellar for a little while :)

스냅샷

I made a mistake with spreadsheet last time I updated it.
Looked like I sold entire position in Stellar, but as I wrote in this idea I only sold half.
But whatever, transparency is important to me so just gonna let that go :)
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