Crypto Contest May 28: BitShares
BitShares has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, BitShares began a wave one advance on February 28. The wave one finished on April 2, and the wave two correction ended on April 11. The wave three advance finished on May 21, and the wave four correction ended on May 27. If this wave count is correct, BitShares should be heading next towards the May 21 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "BitShares will takeout the May 21 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "BitShares will drop below the April 11 low".
If you think BitShares is in a range, upvote this post and upvote the comment "BitShares will stay in a trading range between the April 11 low and the May 21 peak until June 23".
You can upvote the comment until 3 PM EST May 29 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). Only participants with a Reputation of 35 or more will qualify in the contest.
BitShares will takeout the May 21 peak (24 voters as of 3 PM EST May 29: bleujay, otisbrown, cm-steem, gregory-f, simonjay, stephen-somers, bonvivan, steemquestions, sqlinsix, soundmoney, ikilledcobain, starline, daniel.dalo, skririm, kooshikoo, eirik, mprgrmmr, migo25, avarice, johnthehoan, jznsamuel, ragnaros, timoshey, pinagpala).
You won.
wow I won :)
BitShares will stay in a trading range between the April 11 low and the May 21 peak until June 23 (8 voters as of 3 PM EST May 29: me-tarzan, twinner, yefet, allyouneedtoknow, mirda, damla, fintekneeks, andy23).
BitShares will drop below the April 11 low (2 voters as of 3 PM EST May 29: spinbunny, coolthings).
BitShares will takeout the May 21 peak".