Crypto Contest April 3: Steem

in #steem6 years ago

Steem (STEEMBTC) 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, Steem began a wave one advance on December 6, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 1 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 18. If this wave count is correct, Steem should be heading next towards the February 1 peak in the red wave three.

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

Looking at the weekly chart, I believe Steem is currently in the red wave three (blue sub-wave iii). The red wave three began on December 6, 2017.

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

Funnymentals

You can follow the latest news/talk about Steem at SteemStar Network.


(Source: YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Steem will takeout the February 1 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Steem will drop below the December 6, 2017 low".

If you think Steem is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Steem will stay in a trading range between the December 6, 2017 low and the February 1 peak until May 9".

You can upvote the comment until 3 PM EST April 6 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.

Sort:  

Steem will stay in a trading range between the December 6, 2017 low and the February 1 peak until May 9 (32 voters as of 3 PM EST April 6: helikopterben, gregory-f, glennolua, freiheit50, revelationquotes, skepticology, dlina-v-metrah, toofasteddie, tzap90, kanoe, lucasgabd, jznsamuel, komischername, rothberg, travelling-two, mirda, diogosantos, coolthings, erikaflynn, qmarpot, costanza, galasek, richard78624, michaelluchies, mitrado, ragnaros, cmoljoe, criptorafa, mihail.tsvetkov, margaritaradkova, ilovefashion, neo-wiza).

Steem will takeout the February 1 peak (26 voters as of 3 PM EST April 6: bleujay, steemquestions, positivebalances, lydon.sipe, allyouneedtoknow, fitinfun, mister.green, me-do, misalen, crokkon, flemingfarm, bxlphabet, reconnectnature, mgood, elisablogs, koskl, eirik, abhicrypto, ahinga, cryptotem, libert, trincowski, kunschj, dalexx, nordina, cosminblaga).

Steem will stay in a trading range between the December 6, 2017 low and the February 1 peak until May 9

Steem will drop below the December 6, 2017 low (6 voters as of 3 PM EST April 6: sqlinsix, steemit.nemesis, barbadosso, portillo, edgarf1979, gunsmithing).

Steem to moon .

Welcome back @maarnio! By the way, do you send winnings manually or automatically?

Thanks barbadosso. Manually.

Thanks @maarnio you are back
Where were you?

BTW I just sent you 5 SBD for 4 of 6 right altcoins in my last game, see:
https://steemit.com/deutsch/@freiheit50/ergebnisse-der-letzten-zwei-gewinnspiele-und-neues-gewinnspiel

But why did the breakout occur?

those sneaky Koreans!! Always making FOMO....

@maarnio I hope you are well. I’m just letting you know i believe I guessed last 7 in a row correctly

All is good. Thanks for asking. Can you list those seven?

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