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blakeren
Dec 14, 2017 10:18 AM

LBRY Swing Trade Long

LBRY Credits / BitcoinBittrex

Description

LBRY has had some massive buy ups these past couple weeks which is evident from the large green volume spikes, as well as the large run up on the OBV. Price is currently in a nice accumulation zone after bouncing off of a solid support line, the same spot that caused the last run up in March - June. The MACD is getting quite tight and has also vreated some bullish divergence. I'll be looking to scalp and take profits at the 7000 sat mark (around 200%)

Comment

Bullish flag, first target is 980 sats

Comment

Apologies first target is 3400 sats, thanks @CiscoRiveraMartinez for pointing that out

Comment

Approaching first target. Alt market has had a slight pullback with money flowing into Bitcoin, but that's expected after the dip it had
Comments
CiscoRiveraMartinez
980 sats?
blakeren
@CiscoRiveraMartinez, Sorry was completely looking at the wrong thing haha (was looking at a gain of 980 sats). 3400 sats is the target
emveeq
@blakeren, how many days will it take us on the target area? good chart btw.
blakeren
@emveeq, Thank you :) For time frame I'm not too sure. Took about a month last time so based off of that would be thinking by the end of Jan. However that's just pulling one piece of data so take it with a grain of salt
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