Crypto Contest July 4: BitBay

BitBay (BAYBTC) 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, BitBay began a wave one advance in January 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 4 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 29. If this wave count is correct, BitBay should be heading next towards the January 4 peak in the red wave three.

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

Funnymentals

BitBay is a suite of free-to-use, multi-platform applications including a decentralized marketplace. Cryptolite reviewed the coin on April 25.

(Sources: http://bitbay.market/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "BitBay will takeout the April 23 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "BitBay will drop below the June 29 low".

If you think BitBay is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "BitBay will stay in a trading range between the June 29 low and the April 23 peak until August 9".

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

You can upvote the comment until 3 PM EST July 7 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.