LBRY Coin (LBC) Analysis Using Chart Patterns Shows Fractals

in lbry •  7 years ago 

SUMMARY

Note: Video has more details than this summary.

Cup & Handle patterns are quite bullish because of their ability to sustain a legnthy bull trend. LBRY Coin (LBC) is completing the handle portion of the Fractal #2 as shown in the below chart. Thus far, a clear abc progression can be labeled and price has breached out of the upper white triangle line. Does this mean that price will impulse march upwards right away towards all time new highs? Well, let's temper that expectation and review the prior fractal.

Note how it took over a year for the first fractal to complete and nearly seven months for the second. I believe a third fractal is in the making. The purple bottom trend line should act as a guide to the level of the basin of the third cup. The upper purple line should serve as the topend targets to project. The key question is when the third fractal will complet and if prior two fractals are any guide, it'll likely be shorter than the second. That would provide an estimate of May to June. As Cup & Handles are quite bullish indicators...having a string of three consecutively is....quite impressive!

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  ·  7 years ago (edited)

Beautiful cups indeed :)

A lot of alts are exhibiting the same traits:

Screen Shot 2018-03-13 at 12.08.40 PM.png

Screen Shot 2018-03-13 at 12.08.33 PM.png

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  ·  7 years ago Reveal Comment

Dear @haejin

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Hello Mr. Haejin,

I would like to know if you want to have a civilized discussion about why you and @starjuno flagged my latest posts.

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Interesting information. Thanks.

Nice 1

Flagged. Disagree with rewards.

Great information and analysis about lbry coin(LBC).

Thanks for this information

Great information. Thank you.

Informasi yang bijak

This is nice video..thanks for sharing @haejin

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plz resteem

Thanks for TA.
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Crucial information........

Great information. Thanks for the great work posted here @haejin

Definitely worth to invest. It is a useful coin with purpose!!!!

DQmeBZwikJfB61mcoS6tKjMVnfzAree4hhhauepNLSUh24K.gif

@haejin I was wondering your thoughts on LBC/BTC rather than the USD pair? I'd like to believe that LBC performs quite well lately but I was wondering your opinion. Thanks and great post!

.

Fractal also there are manifold start, the fractal which became the starting point of the signal fractal. In other words fractal is always followed by another fractal in opposite direction. In its use, Fractal start can be used as stop loss placement.

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  ·  7 years ago Reveal Comment