LBRY (LBC): End of Correction Could be Near

in #lbry6 years ago

SUMMARY

LBRY (LBC) prominently displays a double Cup & Handle. While there could be a third fractal; I believe price is more interested in completing the handle formation. These patterns are quite cleanly formed and when two are consecutive, the outcome is often a longer, sustained bull run up. That process has just started.

A closer look at the handle formation shows that an a,b,c correction seems to be progressing. This is a zig zag (5,3,5) type where red wave A has five subwaves, B wave has 3 subwaves the wave C has five. Of the final five subwaves, 3,4 and 5 remain to be completed. It could well mean that perhaps that bottom is near. Once bottomed, a reversal would look quite impressive!

Legal Disclaimer: 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.

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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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This is one I will have to look into.

Library Credits are a great investment. Definitely going to at least 0.0004 BTC for the short term and longer term prediction...MOON!!!

Again haejin your prediction went wrong as usual about PIVX coin. Go through @salahuddin2004 for that coin.

Again haejin your prediction went wrong as usual about PIVX coin. Go through @salahuddin2004 for that coin.

Again haejin your prediction went wrong as usual about PIVX coin. Go through @salahuddin2004 for that coin.

Dont make people fool anymore. Before trusting haejin TA . Check history in few profiles specifically of haejin @haejinsucks @ngc @theyeti @berniesanders @the.bot

Dont make people fool anymore. Before trusting haejin TA . Check history in few profiles specifically of haejin @haejinsucks @ngc @theyeti @berniesanders @the.bot

Dont make people fool anymore. Before trusting haejin TA . Check history in few profiles specifically of haejin @haejinsucks @ngc @theyeti @berniesanders @the.bot

I neglected to sell some off near the peak, but i will definitely look to buy some more near the bottom.

Your analysis is good. Even I think corrections are coming to an end.

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really great job thank you for inform us.

LBRY has a few things coming up in the next few days. Get on it!

I cant wait until the correction is finally over lol. But in the mean time its a great buying opportunity.

Here are the ladders I set up just now for this. I used 25% (of what I planned for this trade) for each of the four ladders:

They're at 5159, 4721, 4325, and 4033. I trade on the BTC pairs not the USD pairs, so converted from USD with a little fudge factor -- if it goes to $0.40 it should hit all my rungs.

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