Crypto Contest December 26: 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 five wave advance on June 21. The impulsive move finished on September 12, which was followed by a three wave correction that could have ended today December 26. If this wave count is correct BitCrystals should be heading next towards the September 12 peak.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, BitCrystals started wave one in September 2015, and finished the move in March 2016. The advance was followed by a wave two correction that ended on June 21. BitCrystals should be currently in the wave three (sub-wave iii).
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long BitCrystals.
If you think this analysis is correct, upvote this post and upvote the comment "BitCrystals will takeout the October 10 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "BitCrystals will drop below the June 21 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 June 21 low and the October 10 peak until January 23, 2017".
You can upvote the comment until 3 PM EST December 27 and you can upvote only one comment. 150% of Steem (1.5 X 0.496 STEEM + 0.294 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 June 21 low and the October 10 peak until January 23, 2017 (4 voters as of 3 PM EST December 27: helikopterben, spinbunny, yefet, tamersameeh).
You won.
BitCrystals will takeout the October 10 peak (14 voters as of 3 PM EST December 27: otisbrown, daveks, nextgen622, majes, anotherjoe, idnit, jdbry, digit, idnit1, idnit9, steemradio, mrfoot, legends, angels).
BitCrystals will drop below the June 21 low (4 voters as of 3 PM EST December 27: me-tarzan, gregory-f, twinner, landofcrypto).
This post has been ranked within the top 80 most undervalued posts in the second half of Dec 26. We estimate that this post is undervalued by $5.41 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Dec 26 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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