Long

LBRY - LBC Credits Long term channel.

Updated

This is an analysis of the strong long term channel.

Legend
The Green color means where the price should be not over sold or overbought.
The Red color means when the price is overbought.
The space bellow the Green channel is the current oversold status.

Bellow there is a link to similar idea from -cryptonetti-
He inspired me to do this.

It is my first Published IDEA, if you like it, please, give a like or make a comment.
Thanks

Note

Made several mistakes in this charting analysis,
1ºst it is a chart analysis not a model.
2ºnd it is priced against btc it should be priced against usd (then the targets would have been reached briefly)
3ºrd did not make an intensive research about the coin,(mainly because it was a lower investment for learning purposes)

Important Lesson:
If one does not have the time to put and research yourself the coin company and people behind it, dont invest.

Then this leads to:
Most Crypto Atls are mainly securities, and should be used only for and by full time investors who have the time and logistics to research each securities.

Note

Furthermore:
Around 50% of coins are in the hands of LBRY developers.Maybe more maybe less since they defined the use of some for community...
The CEO initially stated in public interviews that he got a 500k funding and that he would not sell any coins.
After a brief research found out that CEO did sell a good amount, in the bear market
initial phase.
So if currently 1/3 of the T.S. of coins are in circulation and half of it in the hands of the CEO, they can pretty much sell their coins, hence have a decisive control of the market. Specially because it is so iliquid.

Note

In short: The selling of the coins from LBRY should be predefined mathematically and public also included in the code and immutable.

Note

To finish the probability of LBRY ever catching the main channel is incredibly low.
This chart analysis is wrong.

Tsan

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