Vitalik Buterin was allegedly quoted in saying 90% of coins will cease to exist and fail. Wow coming from him (if this is true) this is a red flag to us that we must be cautious on what we invest into. A lot of traders trade the news, so if I was doing a pump and dump, I would be forefront in the news, providing updates on twitter, pumping up the coin on sites, and "leaking" information. Wouldn't you? I look for those companies and stay away. MCO is a typical example. So what am I looking for? I want companies that are more interested in developing a product, getting to market, getting people and other companies on board, rather than releasing twitter feeds weekly with BS giving bad investors hope.
Here is Stratis, It doesn't get the headlines like many others, and many, including myself, have forgotten it is even in our portfolio. So as I am going through my wallet I could not remember what Stratis did and why it was here, and with a pretty good chunk of change. So I looked it up again to refresh why I bought it in the first place.
The website loads up fast and is very user friendly and clean, I click on a tab and I am quickly informed in Layman's terms what they do. They even have tabs for more technical aspects. I like that. I also like the color of the website and the balloons. This wasn't designed by some amateur, this is as professional as it gets, it psychologically appealing. The Team presents very professional like, and more importantly a nice little Bios on each one.
Stratus is going after multiple markets, it's flexible, but one in particular was the import export business. I see a huge market for being able to track shipments, inventory and payments. This makes companies more efficient whether pharmaceutical or seafood, and the fact the team includes Patel who has experience in the import export business speaks volumes that this company want diversity. But is this a standalone?
Most businesses use Windows based software. They have the lion's share of the market. Many of the Team are experts in Microsoft integration and programming language. This integrates into companies' current software. In addition Tim Cook said it best "the future of technology is in the cell phone", maybe not quote for quote. Several team members have backgrounds in cellular and cloud apps. This is a well rounded team the backbone of strong companies.
These are the companies I look for, a solid company with goals and applications, with market and real world applications. So let's put it up against our Best. OMG. Now if I look at a one month graph, OMG outperforms. It's rookie of the year for sure. But Stratis is more mature and the correction is bound to hit high fliers harder.
To the graph, I have marked several important trend lines, and the current two channels we are in. Overall we are still in an uptrend though we had a typical market correction, but it has since consolidated. The chart is showing people have lost interest. So I am looking for a breakout of the smaller consolidation channel, which will probably initially find support at the top of the larger channel. I would look to get in if it breaks that powerfully or breaks and finds the top of the larger channel as support. It's up from there in my opinion and if you don't own you could enter here with a 1/4-1/3 position.
If you read this far, I want to mention the market overall. I'm looking at various coins, and the strong ones are showing the first signs of bullishness. I keep reading BTC is going to correct further. But BTC has resisted the correction, and the more that say it is going to correct, the more I think it is done. So I am looking for the market to continue up from here. We are getting early signals the market may be starting, heavy bid depth, bearish sentiment. I'm not jumping in quite yet, but I'm preparing to, as it will be quick to the upside from here.
Here is Stratis, It doesn't get the headlines like many others, and many, including myself, have forgotten it is even in our portfolio. So as I am going through my wallet I could not remember what Stratis did and why it was here, and with a pretty good chunk of change. So I looked it up again to refresh why I bought it in the first place.
The website loads up fast and is very user friendly and clean, I click on a tab and I am quickly informed in Layman's terms what they do. They even have tabs for more technical aspects. I like that. I also like the color of the website and the balloons. This wasn't designed by some amateur, this is as professional as it gets, it psychologically appealing. The Team presents very professional like, and more importantly a nice little Bios on each one.
Stratus is going after multiple markets, it's flexible, but one in particular was the import export business. I see a huge market for being able to track shipments, inventory and payments. This makes companies more efficient whether pharmaceutical or seafood, and the fact the team includes Patel who has experience in the import export business speaks volumes that this company want diversity. But is this a standalone?
Most businesses use Windows based software. They have the lion's share of the market. Many of the Team are experts in Microsoft integration and programming language. This integrates into companies' current software. In addition Tim Cook said it best "the future of technology is in the cell phone", maybe not quote for quote. Several team members have backgrounds in cellular and cloud apps. This is a well rounded team the backbone of strong companies.
These are the companies I look for, a solid company with goals and applications, with market and real world applications. So let's put it up against our Best. OMG. Now if I look at a one month graph, OMG outperforms. It's rookie of the year for sure. But Stratis is more mature and the correction is bound to hit high fliers harder.
To the graph, I have marked several important trend lines, and the current two channels we are in. Overall we are still in an uptrend though we had a typical market correction, but it has since consolidated. The chart is showing people have lost interest. So I am looking for a breakout of the smaller consolidation channel, which will probably initially find support at the top of the larger channel. I would look to get in if it breaks that powerfully or breaks and finds the top of the larger channel as support. It's up from there in my opinion and if you don't own you could enter here with a 1/4-1/3 position.
If you read this far, I want to mention the market overall. I'm looking at various coins, and the strong ones are showing the first signs of bullishness. I keep reading BTC is going to correct further. But BTC has resisted the correction, and the more that say it is going to correct, the more I think it is done. So I am looking for the market to continue up from here. We are getting early signals the market may be starting, heavy bid depth, bearish sentiment. I'm not jumping in quite yet, but I'm preparing to, as it will be quick to the upside from here.
Comment:
Additional tech analysis. Remember like a rising tide raises all ships, so do lower tide bring them down. I think this is what happened. But we must be cautious and not impulsive. I also added some additional trend notes. Short of breaking the support line, the indicators are pointing positive. Markets and coins are cyclical. Recognize the cycle, and have a plan for playing.
Comment:
I meant look to add not get in I'm already in ;) I am looking to add though