Library Credits Bullish BreakLBRY has made a bullish break out of the fibonacci spiral
LBRY still needs to determine its fate entering a new fibonacci ring within the circle.
LBRY has also formed a bullish scythe on the USD pair, one of the best scythe examples ive found so far.
LBCUSD
Dartboard fractalcomparison of IOTA and LBRYcredits showing a potential breakout within the 1.618 Fibonacci ring.
Big money to be made here.
LBRY Rising WedgeRising Wedge on lbry credits, even though this is short term bearish.. i recommend going long on this coin
Nice scythe formation
Also a nice descending scallop
LBC, GAME, REP ComparisonBullflags? This formation is present across these three coins, i'm sure you'd be able to find it other places, looks quite bullish. All three are currently sitting above a long term resistance turned support. This is an addition to my last GAME post in which i analysed this pattern which seemed to have a repeating nature on the chart, leading to a bullish break. This are all on the USD pairs.
Comparison Pt.2 LBCLibrary credits has formed a huge buy signal, supported by the Gaussian channel. On a smaller timeframe this can be seen as a Descending Scallop a bullish reversal pattern. A similar pattern can be seen in the early days of the release of the coin. Huge potential..
LBCUSD IdeaPossible bullflag formation, last time this formation was seen large upsides were seen. Will history repeat itself? Comparison.
LBC/USD sweeping the bottom after 98.5% dropExpecting an improvement in this coin and project itself.
LBRY Credits ($LBC) - up to 5392% PPT! Long term trade.$LBC is in accumulation phase. It's one of those alts with low capitalization, liquidity and huge PPT.
PPT can be even higher 5392% is quite conservative based on the chart.
Team is quite active in Twitter and GitHub and community as well.
Green - buy. Red - sell.
It's not a financial advice.
Trade carefully and good luck!
LBC/BTC Rounded bottom and strong preparation for the growthLBC, like many other altcoins right now is showing potential for upcoming growth.
I'm setting 3:1 reward to risk ratio and 8:1 reward to risk radio and am betting for the growth of this coin.
The reasons why I'm doing this is bebcause of the classic 1-2-3-4-5 Elliot Wave Correction and because it's hitting crucial support at 900 satoshi. There is a bullish divergence on RSI and also bullish crossover on MACD which indicates the potential bottom. Ichimoku is not showing any signs of recovery unfortunately, but due to everything written above, I think that this has very good potential to start growing.
LBRY LBC set to take off soonThis idea depends on how BTC will behave in the next few weeks and how Bitcoin ETFs will impact the cryptocurrency market in general. LBC is currently ranked #289 with a market cap of $20.30 M USD. With a line of good releases this year and potential good news LBRY could easily retest the all time highs or even go beyond that. This coin has previously behaved quite well in comparison to BTC and seem to follow closely the price action of BTC.
RSI and MACD on the daily seem to be quite identical to previous bull-run to ATH. Also I will be posting soon the LBCBTC chart for complementary information.
Good luck to all and remember this is not financial advice :)
LBRY Credits Double Bottom FormationLBRY Credits currently finding the support near $1.4 area. This is the level of the previous support established back in April 1st. The current support is also confirmed by 261.8% Fibonacci retracement applied to the corrective wave up after the breakout of the ascending channel. At the same time this support corresponds to the 327.2% Fibonacci channel trendline, that adds extra confidence to the potential trend reversal, if the support will be rejected.
Currently price only produced a spike below the support, but failed to close lower. If it stays above the support, the trend reversal could take place.
But it is important to remember that close below $0.135 might result in further decline and price could reach next support level at 327.2% ($0.11), that corresponds to the lower trendline of the descending channel.
LBRY Credits waiting for volumeLBC has lost -0.72% in the last 24 hours and has found support in S1 at $ 0.00002419. Without many fundamentals and low volume this week for the pair, no considerable movement is expected and the price will probably remain in this range. If this current support is broken, the price could go to look for S2 at $ 0.00002307, up, the 100-EMA is the immediate resistance to attack.
LBRY Credits Uptrend ContinuationFollowing the previous idea on LBRY Credits , price has reached the upside target, that is $0.3 resistance at 38.2% Fibonacci retracement. Not only it has reached the resistance but it broke above it, suggesting continuation of the uptrend.
The next upside target is seen at $0.64, that corresponds to the 127.2% Fibonacci retracement level as well as the crossing between the uptrend trendline and the 8/1 Gann Fan trendline. This means that the over 100% growth could be expected in a relatively short period of time.
On a downside the support is based at previuos resistance level, that is $0.3 area. In the worst case scenario LBC/USD could get back to $0.15 form a double bottom, but it doesn't seem like the downtrend is valid, and chanced of growth are much higher than the downtrend continuation.
LBC - Breaching the "Bird's Beak"FA: Actual working global digital library platform. Great team and consistently meeting roadmap deadlines. Marketcap ~$51M
TA: On daily we have made a higher low in accumulation zone. Beginning to poke out of what I'm calling the "bird's beak". VERY little cloud resistance implies VERY little resistance. First target from here should be a quick ~160% gain. Second near ~500%. Third ~850+%.
Available on Bittrex.
LBRY Credits Chance Of ReversalLBRY Creadits downtrend could have come to an end, as price found the support at 0% Fibonacci applied to the uptrend trendline breakout point. The support has been rejected cleanly followed by the break above the downtrend trendline.
The chances that the corrective wave up will follow are quite high, although this could take some time. Price still could go slightly below the $0.15 support or produce a double bottom prior to moving higher. The very strong resistance area is based near $0.3 and could be the key level in the medium term future. Break above $0.3 should confirm the trend reversal, while rejection could extend the consolidation.
