Crypto Contest December 30: Bitcoin Cash

Bitcoin Cash (BCHEUR) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Bitcoin Cash began a wave one advance on November 17. The red wave one finished on November 24, and the red wave two correction ended on December 8. The red wave three advance finished on December 20, and the red wave four correction ended on December 22. If this wave count is correct, Bitcoin Cash should be heading next towards the December 20 peak in the red wave five. I believe this is an ending diagonal pattern.

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

Zooming out in the daily chart, Bitcoin Cash is most likely in the red wave five (blue sub-wave v). The red wave five began on November 17.

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

In the weekly chart, I believe Bitcoin Cash is in the red wave three (blue sub-wave v).

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

Funnymentals

Bitcoin Cash is peer-to-peer electronic cash. Here is a video where Roger Ver explains to Japan why Bitcoin Cash is the real Bitcoin. The video was published on December 23.

(*Sources: https://www.bitcoincash.org/ and YouTube *)

If you think this analysis is correct, upvote this post and upvote the comment "Bitcoin Cash will takeout the December 20 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Bitcoin Cash will drop below the December 8 low".

If you think Bitcoin Cash is in a range, upvote this post and upvote the comment "Bitcoin Cash will stay in a trading range between the December 8 low and the December 20 peak until January 30, 2018".

You can upvote the comment until 3 PM EST December 31 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 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.