Crypto Contest August 24: Bitcoin Diamond

Bitcoin Diamond (BCDETH) 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, Bitcoin Diamond began a wave one advance on January 8. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 13, and the red wave two (blue sub-waves a-b-c) correction ended on June 29. If this wave count is correct, Bitcoin Diamond should be heading next towards the January 13 peak in the red wave three.

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

Funnymentals

Bitcoin Diamond is speeding up transaction processing on the basis of bitcoin protocol. You can view the official teaser video below.

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

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitcoin Diamond will takeout the March peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitcoin Diamond will drop below the January low".

If you think Bitcoin Diamond is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitcoin Diamond will stay in a trading range between the January low and the March peak until September 28".

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

You can upvote the comment until 3 PM EST August 27 and you can upvote only one comment. 50% of liquid STEEM + 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.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.