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ripper_the_flipper
Aug 20, 2017 4:23 AM

Double Bottom Patterns you make the Crypto World Go Round... Long

LBRY Credits / BitcoinBittrex

Description

LBC chart has a Double Bottom that completed with a Triangle (or Pennant) Pattern on the wing. After a little consolidation, and cooling from the overbought zone, it will be looking to finish out the DB with an upward run. Set the buy and stop loss accordingly - don't get caught on a fake-out.
...but what do I know, I'm just a space suit engineer, not a trader.
Good luck!

Comment

Price target dead on!
Comments
ripper_the_flipper
Making a run. 0.0000825 would be a good long entry... break channel resistance.
noideaihave
Hi. What's next for lbs?
noideaihave
@noideaihave, dropped back to support.. upwards?
ripper_the_flipper
@noideaihave, likely, but I'd wait for confirmation from MACD and resistance break. Looks to be potentially completing a double bottom on the daily and inverted head & shoulders on the hourly.
Look for SMA100 break on the hourly and I suspect a triangle will form with the current uptrend channel and the 0.00008 resistance.
Dodging bad weather down south - may post a chart if I get a chance in the next day or so.
Good luck!
clever_bit
you're fye
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