#LBRY accumulation phase before a new move. by raserrano

steemleo · @raserrano · Jul 19 '19

$0.21

#LBRY accumulation phase before a new move.

Last monthly support level was around 900 satoshis. After it was lost #LBC has been trading pretty much in a downward direction and mostly not hitting a bottom. There have been few weekly levels that have been formed and tested out as the moves tried to recover. Currently trading at 180 satoshis, it sits between 2 daily levels recently recorded at 170 satoshis and also at 241 satoshis.  I think that it just started accumulation phase to probably test the old monthly support level of 901 satoshis which if successfully tested will indicate a recovery. If the move fails to reach it it most likely hit the previous weekly level of 666 satoshis.  The likely weekly level to be tested sits around 300 satoshis and is a good target even for a short position.

![lbc.png](https://cdn.steemitimages.com/DQmfZkTZbrAusiqojx6zRLNh4B9spKLwi3tzUCimPSwLwvt/lbc.png)
<sub>[Trading view image](https://www.tradingview.com/x/hLVLPWvy/)</sub>

[Here](https://www.tradingview.com/chart/LBCBTC/s2wlLkPV-LBRY-accumulation-phase-before-a-new-move/) you can check the trading view post idea so you can check it out later on as a reference for how the move is going.

### Trading view posts
- [Actual analysis](https://www.tradingview.com/chart/LBCBTC/s2wlLkPV-LBRY-accumulation-phase-before-a-new-move/)
- [Previous analysis](https://www.tradingview.com/chart/LBCBTC/e7aORSRn-LBC-short/)


### Altcoins analysis
- [#LTC analysis](https://www.steemleo.com/steemleo/@raserrano/4fuasv-ltc-follow-up)
- [#BAT analysis](https://www.palnet.io/palnet/@raserrano/bat-follow-up)
- [#XRP analysis](https://www.palnet.io/palnet/@raserrano/xrp-will-head-to-2300-satoshis-level)
- [#XLM analysis](https://www.palnet.io/palnet/@raserrano/xlm-follow-up)

---
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👍 qurator, steem-ua, sbi7, martin.mikes, msp-lovebot, cpol, tremendospercy, raserrano, kedjom-keku, oleg326756, yadamaniart, famdutallas, nforyembe, nwjordan, turkishcrew, skycae, coquiunlimited, smarmy, blewitt, emdesan, verhp11, guchtere, sargoon, theleapingkoala, priyanarc

`author`	raserrano
`permlink`	lbry-accumulation-phase-before-a-new-move
`category`	steemleo
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`created`	2019-07-19 02:42:51
`last_update`	2019-07-19 02:42:51
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`root_title`	"#LBRY accumulation phase before a new move."
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properties (23)vote details (25)

voter	rshares	pct
oleg326756	6,283,670,200	20%
yadamaniart	913,790,912	1.81%
cpol	25,404,899,886	100%
tremendospercy	23,474,087,430	25%
kedjom-keku	10,107,765,077	100%
coquiunlimited	185,739,621	1.52%
raserrano	13,999,287,696	100%
guchtere	97,140,488	1.81%
msp-lovebot	38,707,636,853	7.5%
theleapingkoala	71,532,245	0.9%
martin.mikes	46,028,165,518	100%
qurator	238,269,073,241	3.63%
emdesan	141,175,618	10%
skycae	291,666,050	2.54%
nforyembe	545,460,276	100%
sargoon	88,659,852	1.06%
famdutallas	546,299,519	100%
nwjordan	366,181,072	2.72%
turkishcrew	305,166,321	1.81%
verhp11	136,897,851	1%
smarmy	160,340,766	1.81%
blewitt	153,551,473	0.03%
sbi7	100,433,388,616	62.69%
priyanarc	69,650,475	0.14%
steem-ua	130,846,343,267	2.13%