LBC corrected during a long time and adopted a well know kind of ABCDE triangle correction. I expect LBC to consolidate near D & E levels before a good impulse up and behave like past correction cycle and form. I expect LBC to test 0.08 then stabilize near 0.06. I will be looking for a structure to confirm my projection in the mid term. Overall i will say that 1D and 1W look accordingly to an ABCDE end point but i will update the form later in this post and update targets.
Trade closed: target reached
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kinda reached.. ended the retracement like expected and should bounce from lower support instead of upper support with a higher low like expected. inbox for further post on LBC
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next impulsive stop should reached between 0.1103 to 0.143
Nice, lbc has taken the place of bts as my favorite crypto. I really loved bts, but I've lost a lot of faith in it the past year with all the mess with Arise and Bitcoin Latina, which is not a bitshares issue per se, but it was promoted by prominent individuals. Also the split in the community that it caused etc. Not to mention with the increasing competition in the decentralized exchange space I feel like the development of bitshares isn't going fast enough.
What do you think? It was your bts TA that brought me here.
The mentioned things aside though, I also subjectively care more about the issues LBRY is trying to solve as an unfairly suspended ex-youtuber :P
UnknownUnicorn1540828
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@m160, I think that BTS is decentralized so what Stan might be interested in (e.g. BTC latina and Arise) is not entirely reliable to BTS. BTS will achieve his own futur with the vote on the platform. I dont feel insecure about this mix of Arise and other stuff, its more Stan stuff than BTS. I agree that Stan is the god father of BTS but again like he said he is no longer own it, the people own it. Its like blaming BTC with the major ICO scam that collected BTC and/or was entirely around BTC or ETH.
The thing that BTS and unique is his delegated proof of work. which is different from like 99% of crypto out there. 'Only' EOS has tried to build on this with major success and work still on the table i must say. BTS own highest daily transactions in hte crypto sphere without even overheating. BTS has a world record (!) for it all shows that it works and god knows that it take some time to thing to get adopted and understanded. I mean electricity from the full adoption to his conception even tooks years to be fully adopted and understanded. Many example out there shows us that the adoption process is long way to go/wait.
emage_
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@simonmercier, perception is a powerful thing though. We have many examples of how inferior technology prevailed despite being inferior. I almost think BitShares was too far ahead of its time, time will tell.
I'm putting my money on LBC for now, thanks for the TA :)
What do you think? It was your bts TA that brought me here.
The mentioned things aside though, I also subjectively care more about the issues LBRY is trying to solve as an unfairly suspended ex-youtuber :P