tusila

LBC does what BTC tells it to. Currently breaking below 0.5 loc

tusila Updated   
BITTREX:LBCBTC   LBRY Credits / Bitcoin
LBCBTC is currently breaking down the 0.5 fib of a down subtrend of an upward retracement of a bigger trend. Although, one may find some upward curling on lower timeframes, those a reflective of the BTC moves, and many expect BTC to continue retracement. We can easilly break through 4500 (0.382 local fib), if BTC retraces to 7500-8000 - Id buy more at 4482, had i had any spare cash left
On the opposite - perfectly touched 9365 (0.718 fib of the more global retracement upward) will be the target, should the direction change (like McOvfefe tweeting BTC is going down?)
Order cancelled

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.