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Lbrycredits

LBRY in a head and shoulders formation? Will it plummet?Looks like a head and shoulders pattern for LBRY. As you can see there was a strong 600% impulsive wave up. W2 corrective may drop to about 1780 satoshi's. OR maybe the strong impulsive wave up will counteract the effects of a decline from the Head and Shoulders . But if affects of H&S kicks in, we could see a significant drop in value. **** This is not investment advice. I am not a financial adviser. Invest at your own risk.
Short
by weezo
5
LBRY: longterm textbook breakoutLBRY has been on my watchlist for some time now. It basically is a marketplace for artists to upload their content to the blockchain and share it with anybody who is willing to pay a little LBRY. It has been described as a decentralized Youtube/Netflix. The team is constantly developing the product and a new website will be launched in two weeks. I have not entered LBRY before since it has been going down since its listing on bittrex. However, the volume has gradually been increasing over time and is peaking at the moment. It also broke out from the long term trendline fully according to the textbooks as you can see below. The trendline has been tested a few times and after 3 failed tries, it finally broke through the trendline . This trendline has now successfuly turned into support as shown by the fact that it got retested twice. This is usually a verry bullish pattern . Not sure how this will play out in the short-term since BTC is also moving again and no clear pattern is forming at this point. But I'm confident that with the attention this coin is getting and the constant development, we can see a very nice return in the longterm (see targetboxes).
Long
by heiders
LBRY Credits are about to come due LBRY has a new software advance that's releasing on Dec. 20th, and they're way overdue for some attention. Now that some of the hype is wearing off from the major players in the cryptosphere, other alternative investments are likely to be sought out for repeats of the moonshots we've seen this past week. LBRY is one of the few cryptocurrencies on the market that have an actual usable platform that serves a very useful purpose, that being the uncensorable publication of media content on a permanent blockchain, but does not have nearly the exposure to the public that it deserves. Once that happens, I expect LBRY will rocket up quickly, and there are some signs of its return to the living today. I would expect a ramp back up toward the .236 fib line in the short term future (3x gain), with potential long-term growth back to the .5 fib line for a nearly 7x return.
Long
by TenaciousJ
2
LBC - LBRY Credits "Content Freedom"LBRY is a great project which decentralized media content by using blockchain technology. In the future censorship by youtube could be an issue, we see many content creators already having troubles with monetizing their content and projects like these give them full control! Check out their website for more info. "What is LBRY exactly – is it a protocol, an app, a website, a company? LBRY is many components working together. For most users, it will just be a place where they can find great videos, music, ebooks, and more. A vast digital library available on all of your devices. But behind that experience is an ecosystem that can be hard to understand at first – especially because we tend to refer to all the pieces and the system-as-a-whole as “LBRY”. (We’re working on clearing that up.) It might be easier to start with what LBRY is not: it is not just another corporate media service like YouTube or iTunes or Spotify. It is first and foremost a new protocol that allows artists to upload their content to a network of hosts (like BitTorrent) and set a price per stream or download (like iTunes) or give it away for free (like YouTube without ads). What makes this all possible is the blockchain technology developed by the founder of Bitcoin. Do you have to understand any of this to use and enjoy LBRY? No. Does it still matter to users? Yes! Gmail has built an extremely popular email service on top of the near-universal SMTP protocol that everyone uses to exchange emails. Anyone sending email with SMTP can communicate with Gmail addresses, no matter what email platform they use (Yahoo!, AOL, iCloud, etc.). Google can’t interfere with someone emailing from a @yahoo.com address to an @aol.com address – and users are free to switch between services at any time, taking their emails with them. Users have a lot of power in open protocols that is often taken for granted. Compare this to a proprietary, centrally controlled service like Facebook Messenger. If you conduct all of your social communications via Messenger, you’re stuck in that environment – you cannot move your messages or contacts over to Google Chat or Skype. And if Facebook changes the way Messenger functions by censoring conversations or sharing your information with advertisers or governments, tough luck. Even platforms that are ostensibly designed with the user’s control and privacy in mind are susceptible to corruption if they are centrally controlled. WhatsApp comes to mind. WhatsApp built a huge global user base claiming to put users above advertisers. Then Facebook bought it. Now users may well have their personal phone numbers and metadata mined for Facebook’s advertising algorithms. There is no such risk of top-down corruption with the LBRY protocol. Content uploaded to the decentralized LBRY network remains publicly accessible so long as the community finds it valuable and continues to host it. Now, the LBRY project is more than just a revolutionary new protocol. It is also a company, LBRY Inc., which is developing a LBRY app to allow users to easily interact with the protocol. So it’s as if Google had developed the email protocol, released it to the world for free, and then built Gmail to help people make use of it. Not only is our app completely open-source, but others are welcome to create competing apps that also use the LBRY protocol. For a content creator, your uploaded content will be available to all of these apps at the same time. Do you see the difference here? YouTube can afford to push around its creators and users because they’ve created tremendous lock-in. LBRY is challenging this model from the ground-up. Everything we’ve built is open-source, decentralized, and belongs to the community using it. LBRY Inc. could go bankrupt tomorrow and the LBRY protocol will live on. Can YouTube say that?" lbry.io Targets for now are, TP1: 5555 TP2: 10000 TP3: 12250 Currently trading at 3000, so good gains to be made! Good luck trading!
LLong
by TheTrex
20
LBCBTC Uptrend StartedLBRY Credits is a beautiful project and focuses on decentralized media content. Decentralized media content will be a big sector as most media content monetization mediums are very centralized and limit users with verticals to bring in $ (for gaming, youtube, twitch, etc) Chart is short term target, but this is definately A project i'd invest for long term, set and forget. This is a 10X+ crypto, solves real issue and is ripe for growth once target market / users discover and it picks up. Please check related idea by TheTrex, his analysis outside of TA is MUCH better and in-depth. medium term target is 200-300%
LLong
by JCBCrypto
1