Crypto Contest July 10: BitCrystals
BitCrystals has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, BitCrystals began a wave one advance on June 1. The wave one (sub-waves i-v) finished on June 22, and the wave two (sub-waves a-b-c) ended on July 8. If this wave count is correct, BitCrystals should be heading next towards the June 22 peak in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "BitCrystals will takeout the June 22 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "BitCrystals will drop below the June 1 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 1 low and the June 22 peak until August 10".
You can upvote the comment until 3 PM EST July 11 and you can upvote only one comment. 50% of SBD 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 June 22 peak (15 voters as of 3 PM EST July 11: bleujay, simonjay, warofcraft, soundmoney, wiedy, lydon.sipe, dirty.hera, skririm, mirda, eirik, kooshikoo, ragnaros, me-do, mprgrmmr, carlosdaniel).
BitCrystals will drop below the June 1 low (9 voters as of 3 PM EST July 11: cm-steem, gregory-f, e-saber, cassidyandfranks, starline, flemingfarm, andy23, miniature-tiger, lig007).
You won.
BitCrystals will stay in a trading range between the June 1 low and the June 22 peak until August 10 (16 voters as of 3 PM EST July 11: twinner, yefet, me-tarzan, rekaa, komischername, damla, themovieplace, allmonitors, migo25, tzap90, cryptokraze, abh12345, coolthings, jznsamuel, toofasteddie, rhino).
Grrrreat contest thank you for the chance☺️
@rekaa
Thank you rekaa.
Thank you for posting the graphs and analysis.
Introducing Steemians to the various coins is appreciated.
Thank you for the opportunity to participate and the winnings.
All the best to you and yours. Cheers.
Thank you bleujay. Very glad to see you here. Big thanks for the randowhale thing!
"BitCrystals will drop below the June 1 low."
Agreed. It will rise even higher later on. Love what you're saying. Awesome. Interesting. Love photos. Thanks for sharing. Upvoted. Resteemed.
Thanks Joey. Yes, the wave three could carry BCY a lot higher than the June 22 peak. Thanks for resteeming.
BitCrystals will takeout the June 22 peak