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RE: Lbry Credit Analysis 05 June 2020

in #lbry • 4 years ago

I had no idea that the price in relation to bitcoin had fallen so much.

Captura de pantalla 2020-06-05 a las 7.00.37 p.m..png

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.

4 years ago in #lbry by
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     4 years ago 

    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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