LRC bag holder exit o_^

BINANCE:LRCBTC   Loopring / Bitcoin
I've been trading off the 10-11k support line bounces since the top but it looks like the fun is over and things are about to breakdown and not in a good way. If you're still holding any LRC I'd get rid of it now. Start scaling out, at least half asap but if you are desperate for one more bounce I've included a target although it's not likely since we're deep into the triangle and the breakout could happen any time now. If you see a full 15 minute bear candle below my little green resistance line I'd say the game is over for now. Sell out and scale back in when it hits the included target, if you're married to this coin that is.
Comment: Trend lines are tested.
Trade closed: target reached: Lower support line broken. Is it time to buy back in? Quite possibly, though I would look to scale in in one of the previously established support zones, either between 6200-7500 or 9300-10600. Happy trading ^_^
great call

+1 Reply
gottabkad whoisthelorax
@whoisthelorax, thanks! I appreciate it, though I was about 48 hours ahead of schedule ^_^
your chart is wrong dude. haha its making a descending triangle, not anything like this.
it will go as low as 9500 at one point and then bounce to 1500+ or maybe 1800.
CaptainCigar CaptainCigar
*falling wedge* (not descending triangle.
decrease in volume is part of falling wedge
lol you know its getting forked? if anything this is going to be a breakout because people want these to get the other coins from it.
gottabkad JamesTandy
@JamesTandy, really!? That would be sweeeet! Do you have a link? I looked all over their website but couldn't find a single thing about it :-\
DonaldJPump gottabkad

It’s not really a fork since it’s an erc20 token to begin with. But they are creating two new coins LRQ (qtum token) and LRN (Neo token). It however is not set in stone how these 2 tokens will be distributed. It may be airdropped to LRC holders or they may do an ICO. They said LRQ would be first with LRN to follow.
+1 Reply
gottabkad DonaldJPump
@DonaldJPump, thanks for the link! Very informative! For anyone reading I'm not trying to poo poo all over this project with my idea, I'm just saying there might be another great buying opportunity coming up :) Have fun guys ^_^
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