LBRY (LBC) Bullish Head & Shoulders Bottom!! What's the Target? Read this Analysis!

[haejin]

SUMMARY

LBRY (LBC/USD) coin is shaping out a very bullish looking Head & Shoulders bottom formation As seen in below chart, the left shoulder, Head and Right are all complete and basically it only needs confirmation by breaching the Neck Line! The volume alos confirms! Minimum travel target is $0.416 but I expect much, much higher prices.

The below is LBC/BTC...can you say BREAKOUT!!!? Price breached out of the Bull Flag pattern and now the Elliott Waves tell the rest of the story!

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
Follow me on Twitter for Real Time Alerts!!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf

Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**

Comments

[ryan313]

finishing up my laddering buys! ROCKET TIME

[dentaby]

Thank you for the update ... Nice coin with big potential ... I wish all LBRY investors good profits :-)

[newsandviews]

Thanks a lot for the LBRY update. Are you feeling ready to give a view on Cardano yet? It would be great to get you view on it

[solisrex]

Near precision hit on fib extension. Nice breakout. Possible dip to 485 satoshi before wave 3 launch of higher degree.

[newsandviews]

Thanks a lot!

[solisrex]

Anytime. I'm still in training, mind you.

[tunjazzy]

thanks!!!

[heric]

Thanks Haejin! Intrigued to hear your thoughts/updates on any of the following: BCH, OMG, LTC, GBTC. You nailed the chart for GBTC in your last post!

[scarlet7]

BCH is addressed in this morning's BTC update:
https://steemit.com/bitcoin/@haejin/bitcoin-btc-morning-update-a-healthy-correction-is-approaching

[johnnystimit]

Thanks, hope you are right :)

[adamyonas]

Thanks Heajin i stepped into LBC cause of you at 0,24 better late than never. Bless u!

[luckyme032000]

Breakout!

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[shawnster]

God it's so early in this wave count guys..i didn't even put any ladders for this push..im waiting for the bigger wave 5...so much potential on this coin