Altcoin Trading Championship Round 10 Entry
I came across this awesome contest by @tonyr thanks to
@immarojas and this is my entry for Round 10.
| Coin | Units | Buy Price | Bitcoin Invested |
|---|---|---|---|
| Lumen (XLM) | 43,215.211 XLM | 0.00001157 | 0.5 BTC |
| Ada (ADA) | 40,000.00 ADA | 0.00001250 | 0.5 BTC |
| Total | 1 BTC |
Analysis
I expected Lumen to be at this price from my previous entry but it didn't make it in time. It showing me that this won't be a short term pump as the demand increased (buy volume) so I'm looking at 10-20% more after this round.
ADA is new to me and TBH, I don't know the tech behind it (tl;dr moment here) so I'm basing my investment on chart signals, for this round my target price is around 0.000014 which is a bit exaggerated IMHO but achievable IF Bitcoin's price stays under the radar and don't do drastic movements here during the weekends.
We will be seeing ALT party again this weekend as Bitcoin investors will be expected to cash out their gains (if any) for holiday shopping! Yay! (buti pa sila LOL)
Disclaimer
Trade at your own risk. The above analysis is my own view and I take no responsibility of your trading behavior. It is best to do your own research and analysis. Take my points lightly :)
To find out how to join this contest please read the post here.
VOTE @precise for witness at https://steemit.com/~witnesses
Header Image by @tonyr
The awesome footer is graciously made by @bearone
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