Crypto Contest November 2: Bellacoin

Bellacoin has broken the trend line drawn from the October 10 peak.

(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Bellacoin has completed one cycle from the May 2 low. The five wave advance ended on the October 10, and the three wave correction finished on the October 29. If this wave count is correct Bellacoin should be heading next towards the October 10 peak.

(Chart courtesy of Tradingview.com)
Looking at the weekly chart, Bellacoin is currently most likely in the wave five. The wave one started in the September 2014, and finished in the March 2016. The wave two correction ended on the May 2, and the wave three advance finished on the October 10. The wave four correction ended on the October 29.

(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Bellacoin.

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