Crypto Contest April 8: BitCrystals
BitCrystals has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, BitCrystals began a wave one advance on January 4. The wave one finished on February 13, and the wave two correction ended on February 27. If this wave count is correct, BitCrystals should be heading next towards the February 13 peak in the wave three.
(Chart courtesy of Tradingview.com)
Looking at the daily chart, I believe BitCrystals is currently in the wave three (sub-wave iii). The wave one began from the all-time low, and finished on September 12, 2016. The wave two correction ended on January 4 this year.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "BitCrystals will takeout the February 13 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "BitCrystals will drop below the February 27 low".
If you think BitCrystals is in a range, upvote this post and upvote the comment "BitCrystals will stay in a trading range between the February 27 low and the February 13 peak until April 30".
You can upvote the comment until 3 PM EST April 9 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.
BitCrystals will stay in a trading range between the February 27 low and the February 13 peak until April 30 (3 voters as of 3 PM EST April 9: bleujay, twinner, starline).
BitCrystals will takeout the February 13 peak (6 voters as of 3 PM EST April 9: anotherjoe, dan-atstarlite, gregory-f, allyouneedtoknow, soundmoney, avarice).
You won.
BitCrystals will drop below the February 27 low (1 voter as of 3 PM EST April 9: ragnaros).
This post has been ranked within the top 80 most undervalued posts in the second half of Apr 08. We estimate that this post is undervalued by $0.23 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Apr 08 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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