LBRY Credits (LBC): Keep a close eye on LBRY...the a,b,c,d and now e wave is complete! Watch it closely!
SUMMARY
"The Library of Wealth"!! LBRY Credit (LBC/USD), very similar to ETH, had been forming an a,b,c,d,e triangle as shown below. I believe every wave is now complete. This leaves a high probable scenario where price will impulse upwards and breach outside of the triangle. The short term target of $0.3359 is expected. Yes, $1.58 is still the longer term target and it remains solid!
The LBC/BTC is completing a bull flag. In fact, the w,x,y is complete. It is most likely a bit behind compared to the LBC/USD pari but it too will start putting in higher highs towards 0.0000538 BTC.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Thanks for sharing. The chart is looking like the consolidation is coming to an end. Could be a good time to pick some up. Good luck!
Hi Haejin, Great job on the analysis as usual. If you get a chance can you take a look at PAY. Thought it would break out a couple times. I've been sitting on this quite a while, I would be interested to hear what you think.
Thanks,
I am in since 0.15 and lets see how high the rocket will lift off!
Me too, I am in since .16 .. lets keep watching
Hope we profit all at this one!
been watching it for hours now...my eyes getting tired but i know its coming!! Have a nice weekend all of you!
Im new to Steem, ZEC broke out could you update your thoughts on it possibly? Thanks.
I have been on DGB since years and now 3 minutes after a small pump you speak of breakout... do you know DGB reached 2888 Saatoshis in May....? well you are very good at pronostics BUT after the pump as occured NEVER before.... and 126 sat / 2888 give me a BREAKOUT.... it means you are not usefull but an MACD parrot..... I am a long time miner of DGB and the realbreakout I made is to calculate all while it was 30 sat and cashout over 2000 and it was May 2017.... your breakout story is a mini joke.... DGB is bound to be under 100 very soon again and for long.
You obviously haven't been following my LBRY analysis and wrote the above purely from your lenses of perspective and after reading only today's blog post. That's a truncated viewpoint.
I have been analyzing LBRY for a while and have been calling it the Library of Wealth. So, let's talke in a couple months and see where LBC/USD and LBC/BTC levels are at.
Next year will be a good year for all altcoins, especially well established ones like DGB
it has to start somewhere rigth? Are you searching news about DGB?
I've been following LBRY since it began and I always had a love for that project. Maybe because I found it so long ago. But, it's definitely a unique one and has quite some potential imo.
there it goes....i think you woke him up haejin! :-)
Booyah!
steem!
Can I ask you what is the time fame do you use for your charts? thank you
days to weeks
@haejin, Thank you for continually updating the progress of LBC! Would you please do one for DASH/BTC?