SUMMARY
LBRY (LBC) is correcting by forming the handle of a smaller cup (white). It's only a matter of price putting in the handle formation before impulsing upwards. Target remains $1.37. Note how the much larger Cup & Handle (blue); price should soon exceed the top point of hte blue handle! The bullishness of this setting is IMPRESSIVE because double cup & handle is unusual!
Talk about double Cup & Handle! I've drawn a forward discerned (white) cup & handle and if wave 2 coincides with wave the handle formation, then then wave 3,4,5 should target 0.00122 BTC!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**