Crypto Contest May 11: BitcoinDark
BitcoinDark has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, BitcoinDark began a wave one advance on March 13. The wave one finished on March 27, and the wave two correction ended on April 27. If this wave count is correct, BitcoinDark should be heading next towards the March 27 peak in the wave three.
(Chart courtesy of Tradingview.com)
In the weekly chart, I believe BitcoinDark is currently in the wave three. The wave one began in July 2014, and finished in August 2014. The wave two correction ended in December 2015.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "BitcoinDark will takeout the March 27 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "BitcoinDark will drop below the March 13 low".
If you think BitcoinDark is in a range, upvote this post and upvote the comment "BitcoinDark will stay in a trading range between the March 13 low and the March 27 peak until June 6".
You can upvote the comment until 3 PM EST May 12 and you can upvote only one comment. 200% of Steem 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.
BitcoinDark will takeout the March 27 peak (13 voters as of 3 PM EST May 12: bleujay, otisbrown, mallorcaman, simonjay, anotherjoe, ikilledcobain, soundmoney, starline, eirik, mirda, mprgrmmr, andy23, abh12345).
It really looks promising thanks for the great analisis and sharing the chart
I second that. It's like listening to a broken record you don't mind hearing a thousand times. "InsertCryptoCurrencyNameHere has broken out of the triangle pattern in the four hour chart" 👍🏾
Yep. Let's see when Wall Street wakes up to the cryptos.
BitcoinDark will drop below the March 13 low (4 voters as of 3 PM EST May 12: me-tarzan, yefet, ace108, coolthings).
BitcoinDark will stay in a trading range between the March 13 low and the March 27 peak until June 6 (5 voters as of 3 PM EST May 12: gregory-f, twinner, allyouneedtoknow, avarice, ragnaros).
You won.
This post has been ranked within the top 80 most undervalued posts in the second half of May 11. We estimate that this post is undervalued by $12.58 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: May 11 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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