Crypto Contest July 7: LBRY Credits

LBRY Credits (LBCBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, LBRY Credits began a wave one advance on December 8, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 12 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 29. If this wave count is correct, LBRY Credits should be heading next towards the January 12 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Looking at the weekly chart, I believe LBRY Credits is currently in the red wave three (blue sub-wave iii). The red wave three began on December 8, 2017.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

LBRY is a digital media library. Decentralized TV reviewed the coin on March 25.

(Sources: https://lbry.io/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "LBRY Credits will takeout the April 30 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "LBRY Credits will drop below the December 8, 2017 low".

If you think LBRY Credits is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "LBRY Credits will stay in a trading range between the December 8, 2017 low and the April 30 peak until August 12".

(Chart courtesy of Tradingview.com (log scale))

You can upvote the comment until 3 PM EST July 10 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

Bonus

I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.