Crypto Contest February 1: BitCrystals
BitCrystals has broken out of the daily triangle pattern.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, BitCrystals began a five wave (sub-waves i-v) advance on January 4. The wave five ended on January 29, and the three wave correction finished on January 31. I believe BitCrystals is currently in the wave three of larger degree, which should takeout the January 29 peak.
(Chart courtesy of Tradingview.com)
You can find my longer term analysis on BitCrystals from here:
https://steemit.com/bitcrystals/@maarnio/crypto-contest-december-26-bitcrystals
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, 2016 peak".
(Chart courtesy of Tradingview.com)
If you think this analysis is wrong, upvote this post and upvote the comment "BitCrystals will drop below the January 4 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 January 4 low and the October 10, 2016 peak until March 1".
You can upvote the comment until 3 PM EST February 2 and you can upvote only one comment. 200% of Steem (2 X 0.158 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 takeout the October 10, 2016 peak (18 voters as of 3 PM EST February 2: otisbrown, bleujay, daveks, nextgen622, majes, l0k1, digit, idnit, jdbry, soundmoney, idnit1, idnit9, mrfoot, steemradio, angels, legends, tamersameeh, benjiparler).
BitCrystals will stay in a trading range between the January 4 low and the October 10, 2016 peak until March 1 (6 voters as of 3 PM EST February 2: helikopterben, twinner, spinbunny, yefet, anotherjoe, mirda).
You won.
BitCrystals will drop below the January 4 low (3 voters as of 3 PM EST February 2: me-tarzan, gregory-f, inphiknit).
This post has been ranked within the top 50 most undervalued posts in the second half of Feb 01. We estimate that this post is undervalued by $6.42 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Feb 01 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.