POLONIEX:LBCBTC   LBRY Credits / Bitcoin
302 5 8
Long entry spotted for LBCBTC            

LBRY is building a decentralized library and raised 500k venture capital in september.

This has lead to a rally and ended in a corrective falling wedge structrue. Now there was the breakout on high volume .

This could be a nice entry for long term or midterm rebound trade.

I am in with a small position, keep in mind that it has low cap and wont be easy to sell if you hold a large position while it has low volume .
Comment: It has gone lower first but i still think its bullish. We have a bullish divergence on the low. Would have been better to wait and buy here ofc, who could know.
snapshot
Okey thanks for explaining your toughts.
Problem I see is the tens of thousands of coins that gets mined everyday, it adds to the constant sell pressure we see.
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Trade still active? Price down to 1800 and keep going lower with higher and higher volume.
so it seems it has passed the downtrend again..
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koryu PRO bingbongfly
hey, see my update, I go high risk for high reward but smaller positions on low cap trades, even if its a pain sometimes. But I think its still bullish and remain confident.
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That makes it two of us on the same boat :)
+1 Reply
koryu PRO MarcelV
great :-) that makes me more confident
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