LBRY/BTC Channel. "Dying Coin" was in the TOP 20 - 2017

There is a channel of 80%. You can see on the graph that someone is interested in this coin. Perhaps the organizers of one of the hundreds of pamp groups for the future, which pamping illiquid on the principle of "he who first slippers. Mostly traded on Bitrex.

One of the hundreds of dying coins, but this one is the exception of all, because at the beginning of 2017 (the launch of the project) it was in the 20 coins by coenmarket capitalization. The sect of believers was quite large.

Coin in coinmarketcap: LBRY Credits

Read the contents of this idea carefully and understand what I want to convey with examples of similar belief altcoins.

LBRY Credits (LBC) / BTC Triangle Pump Channel 400% Psychology

Coins like this can be traded on a pamp/dump basis and get away with it. On such coins the work is rational not by large amounts and without accumulation of large positions. Goals are adequate. Always remember this is a trading tool, a phantom on the screen, its real value is zero. So 99% of coenmarkets. The price depends on the legend and marketing efforts, imitation of "work" and as a result the size of the sect of believers in the phantom that will get them golden (a small probability).

Sooner or later there will be a death, 99% of the coenmarket, it's only a matter of time. Also, you have to understand that because of the "influx" of new faith scams you do not notice the complete depreciation of previous "money-grubbing projects" and the eventual death of them.

This coin is more for experience and understanding of the work than for real earnings. Although you can make money on price movement pulling, it all depends on your greed and understanding. You can work with similar coins in groups (up to 10) on opposite correlation. Some instruments are up, others down or in accumulation, due to low liquidity it is feasible. This is how the question of liquidity and rationality of spending time for potential earnings is solved. The death of one of the instruments from the group then will not affect your deposit at all. The main thing is that there won't be a mass extinction of "dinosaurs", and it will happen when the market climate changes for total control (I want to know everything about everybody, including what you have hidden, it is illegal to have much money), and "big brother" comes with a big shovel of wiper.

Coin Group 4, former top, that's what I want to emphasize again.

Comment:

Clamping along the level of 76 (13, the average value of the accumulation) and the impulse to channel resistance +30% (squeeze +60%) rollback