I had no idea that the price in relation to bitcoin had fallen so much.
But look in relation to lbr / usd it has just retreated to 0.618 fibonacci which is a good support, to start another bullish cycle.
If you think that since the last big correction you have gained 400%, it doesn't seem so much, right?
It is a good project I hope it continues with its bullish cycles
I leave you my link of my last bitcoin analysis
Good post you have my vote.
You're right Most of the time 61.8% fib support can hold, and there is a high probability that it will bounce from these levels.
But as I see it it still needs time for that, and we might see LBC trading in a very short range for a long time before we start being bullish.
At this moment, I can't see any strong indication that lead the price to be pushed higher. At the end we analyze the market and anything can happens.
Thanks,
Regards.
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https://steemit.com/hive-101145/@faiz.rehman/how-can-get-free-btc
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