Crypto Contest April 9: BitcoinPlus
BitcoinPlus has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, BitcoinPlus began a wave one advance on March 26. The wave one finished on March 27, and the wave two correction ended on April 4. If this wave count is correct, BitcoinPlus should be heading next towards the March 27 peak in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "BitcoinPlus will takeout the March 27 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "BitcoinPlus will drop below the March 26 low".
If you think BitcoinPlus is in a range, upvote this post and upvote the comment "BitcoinPlus will stay in a trading range between the March 26 low and the March 27 peak until April 30".
You can upvote the comment until 3 PM EST April 10 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.
BitcoinPlus will takeout the March 27 peak (4 voters as of 3 PM EST April 10: bleujay, otisbrown, avarice, ragnaros).
BitcoinPlus will drop below the March 26 low (4 voters as of 3 PM EST April 10: me-tarzan, dan-atstarlite, gregory-f, starline).
BitcoinPlus will stay in a trading range between the March 26 low and the March 27 peak until April 30 (5 voters as of 3 PM EST April 10: twinner, spinbunny, allyouneedtoknow, yefet, mirda).
You won.