Librarycredits
LBCBTC Library Credits Wyckoff accumulationDear Friends, there is potientally wyckoff distribution forming with massive earning potential. This is a high risk, high reward trade. The most importnant thing is that only use a maximum of 2% of your total portfolio value for this trade.
buy at 0.0000015
stop loss at 0.00000030
first profit target 0.00002
risk & reward ratio 1:14 sell at half here to fix some profits
second profit target 0.00009
risk & reward ratio 1:73
When i first looked at these risk & reward ratios, i thought what the hell. How is that possible. Then i looked up Library Credits on the coinmarketcap and saw that it is a really low market cap cryptocurrency with $25 000 000 market cap. Then it made sense why such trade might be possible. We also have support from fundamentals with Library Credits being the currency for odysee.com free speech social network/video streaming platform which is gaining increasingly popular due people escaping big tech platforms like youtube, twitter and facebook because of censorship. Furthermore Library Credits has fixed maximum supply 1,083,202,000 of which 705,211,760 is already in existence.
LBCUSD Ascending BroadeningOn this chart it can be seen that price is peaking as it moves through the Fib circle levels
First at 1.618, next 2.618 and now it is approaching 3.618 and looking for another move up
I have seen this pattern within the fib circle a lot lately
Buy for the next move up within 3.618
LBC 0.618 Proven SupportLBC has proven its affection for 0.618
bouncing three times of the fib level
Some trend lines can be drawn between the wicks and a wedge can be generated
Likely will break upward after a breakout of this formation
Library credits - A closer lookScythe pattern present along with falling wedges
This coin is undergoing extreme accumulation
Yellow channel optimal by zone if the bullflag / falling wedge reaches there.
This is the four hour chart,
One of my preferred ideas for LBC :D
Library credits - A weekly opportunity - Gaussian analysisGaussian channel turning..
Looks great for long!
Library Credits Fib Waves - 1.618Looking for more bullish continuation through 1.618
linking my fib waves idea
cheers
LBC Furthering the moonshot?LBC is an ascending channel
a flag has formed which could be acting as the flagpole for a strange bull flag
LBC has performed incredibly well so far
lets see how much steam she has left
LBCUSD Ascending Channel!Ascending channel on the 4Hr
Currently moving through the 1.618 fib wave
Flip potential
Comparison Pt.2 LBCLibrary credits has formed a huge buy signal, supported by the Gaussian channel. On a smaller timeframe this can be seen as a Descending Scallop a bullish reversal pattern. A similar pattern can be seen in the early days of the release of the coin. Huge potential..
LBCUSD IdeaPossible bullflag formation, last time this formation was seen large upsides were seen. Will history repeat itself? Comparison.
Library Credits (LBC/BTC) - LONG hold, high profit potential. Great one to watch now before the start of another bull alt season. Nice breakout of LBC after accumulation zone was reached, and rsi was at an ATL. MACD looks ready and rsi breakthrough, so will be holding this one long.
Wait for the retest into accumulation zone if you don't have a bag already (small bull trap), so be patient to get in some more low bids around the purple triangles. Also the impact of bitcoin will give library credits one more push down, so best accumulate piece by piece to get a good position in.
Been accumulating at 2600 and below.
Still have lots of faith in this coin although competition has definitely come about in recent months.
See/follow Library Credits roadmap here: lbry.io
Happy trading!