LBRY Coin: The Library of WEALTH is FREE!! DOES A COOL 300% PROFIT SOUND GOOD TO YOU? Target $3.58

haejin (88) in bitcoin • 7 years ago

SUMMARY

This coin is quite unique! First, both the LBC/USD and LBC/BTC have very similar charts. Second, the LBC/USD is leading the price direction and so can easily be used as a leading indicator for LBC/BTC. Third, the double Cup & Handle formation is quite bullish. It's a twofer! Double the bullish indication and such patterns add confidence to the probability call. Remember that Technical Analysis is nothing more than identifying as many possibilities, narrowing it down to a handful of probabilities and selecting the primary future price pathway. Simple...but not easy. I've toiled, experimented, failed and learned many lessons since 1997. After five years, I thought I was good; after 10 years, I thought I was great...alas, I've learned that even after 20+ years of experience, I'm yet only still improving.

The below chart displays the double Cup & Handle pattern and from a short term perspective, $1.47 is expected to be hit as part of wave 1. Bear in mind that bull sentiment knows no boundaries and this could easily be plowed through. The $2.78 should also be hit as part of wave 3 which most often goes up most violently! Then, wave 5 is expected to generate $3.58. These values are all interrelated via native, indigenous Fibonacci values, a method I've developed and used by none else. My Top Secret Sauce!

The below chart is that of LBC/BTC. Look how it lags the LBC/USD pair! It's a beaut! The second Cup & Handle is still half formed but by using the LBC/USD pair as a guide, we can expect LBC/BTC to follow in pursuit! The very short term target still remains 0.000408 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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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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:
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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.**

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7 years ago by haejin (88)

$545.48

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johndogett (55) · 7 years ago (edited)

300% Yes it dos sound gooood !!

$1.10

1 vote

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kean-1 (22) · 7 years ago

Already made great profits from this coin thanks to @haejin's first recommendations!!

Thanks @haejin you are the best!

Haters be hating.

$0.00

1 vote

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sandyeti (25) · 7 years ago

Just a friendly note: 300% does indeed sound good at first, but one should also take note of the time frame. This isn't a knock against you or haejin, but I'm pretty sure I could fall asleep on my keyboard, buy 5 random coins and wake up with 300% gain by 2019 - which is where haejin's target is at.

If anything, you could almost read this as a DO NOT BUY warning if you're interested in higher returns. Honestly, I appreciate these posts as much as the ones I feel are 'good investments' because it let's me know what coins I'd rather steer clear of.

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2 votes

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libert (63) · 7 years ago (edited)

What you mean by "Do not buy warning"?

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sandyeti (25) · 7 years ago (edited)

Only that I'm interested in higher risk/reward coins atm. If haejin's analysis and my own line up in saying there's about a 3x potential in the time frame of around a year, based on my personal goals I'll look to coins other than LBRY for the time being that are potentially more rewarding in a shorter time span.

I'm only interested in picking from the top 150 coins or so. That number is small enough that eliminating the "wrong" ones (for me, based on my goals) can be as useful to me as choosing the "right" ones.

Put much more simply, 300% in 12 months is 25% per month. If I can find a coin that I believe will go up faster than 25% in a month, I'd rather put my money there.

$0.28

3 votes

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lachlanh (8) · 7 years ago

Haejin did not mention a time frame but I assume you are looking at his chart and presuming he is saying it will take until 2019 for this to occur. That's not how this works and you would know that if you had been listening to him more carefully. Expect this current target hit within weeks or months not years.

$0.00

3 votes

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cryptophile1 (30) · 7 years ago

I am a new follower. Reading his tutorials and order the book. st the moment still confused on what the X axis shows. I get it does not line up to time. I think someone said each block equals a day, but not sure if that’s is right. how does one interpret theX axis? Thank you

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sandyeti (25) · 7 years ago

If haejin predicts that coin X is going to go up 300% in the next month vs coin Y is going to go up 300% in the next year, I'm going to go with coin X.

I don't get mad if X takes 2 months and Y only takes 6 months. None of this is 100% accurate. I'm going with, as haejin would say, the probabilities. If you think the X axis on all his charts is 100% arbitrary... well then good luck to you, but I'm gonna stick with my view for now.

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metaboy (25) · 7 years ago

TA is not reliable for discerning a timeframe, so he is eyeballing it with that target. With how crazy the market has been, I would not be surprised if it reached it within a week or two. You can see this with spreadcoin -- his projection had it rising in april 2018, but it's already a 5x.