Crypto Contest December 17: Bitcoin SV
Bitcoin SV (Binance: BCHSVBTC) has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Bitcoin SV began a wave one advance on November 23. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 26, and the red wave two (blue sub-waves a-b-c) correction ended on December 15. If this wave count is correct, Bitcoin SV should be heading next towards the November 26 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
"Bitcoin SV is the original Bitcoin." Crypto Finder interviewed Craig Wright four days ago.
(Sources: https://bitcoinsv.io/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitcoin SV will takeout the November 26 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitcoin SV will drop below the November 23 low".
If you think Bitcoin SV is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitcoin SV will stay in a trading range between the November 23 low and the November 26 peak until January 21, 2019".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST December 20 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).
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Bitcoin SV will stay in a trading range between the November 23 low and the November 26 peak until January 21, 2019 (12 voters as of 3 PM EST December 20: bleujay, gregory-f, novus-locus, barbadosso, vicspics, kunschj, steem-d-anlovnit, jznsamuel, diogosantos, richard78624, simonjay, fullcoverbetting).
You won. Paid out from @maarnio1
Bitcoin SV will drop below the November 23 low (6 voters as of 3 PM EST December 20: sqlinsix, diana.feuerberg, freiheit50, reconnectnature, mgood, sporttr).
The HF of BCH will probably destroy both twigs.
We'll see..
Bitcoin SV will takeout the November 26 peak (6 voters as of 3 PM EST December 20: votum, steemit.nemesis, lydon.sipe, toofasteddie, ace108, galasek).
Considering how the markets are doing, I can´t see many coins growing more than BTC (if any) and the November 23 low is just a little bit too far away.
Nice research my friend..Thanks for sharing your expert opinion about BTC.
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