Crypto Contest November 24: BitCrystals
BitCrystals has broken out of the four-hour triangle pattern.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, BitCrystals has completed five waves from the June 21 low. The five wave advance ended on the September 12, which was followed by a three wave correction that finished on the November 18. If this wave count is correct BitCrystals should be heading next towards the September 12 peak.
(Chart courtesy of Tradingview.com)
In the weekly chart, I believe BitCrystals is currently in the wave three (sub-wave iii). The wave one started in the September 2015, and ended in the March 2016. The advance was followed by a wave two correction that finished on the June 21.
(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 November 18 low".
You can upvote the comment until 3 PM EST November 25 and you can upvote only one comment. 100% of Steem (6.037 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
BitCrystals will drop below the November 18 low (13 voters as of 3 PM EST November 25: inertia, bleujay, twinner, majes, landofcrypto, jamesbrown, idnit, bradenford, digit, idnit1, mistere, mrfoot, seb).
BitCrystals will drop below the November 18 low
You won.
BitCrystals will takeout the October 10 peak (7 voters as of 3 PM EST November 25: yefet, gregory-f, gamer00, anotherjoe, michaelcorleone, fortinbuff, escapeamericanow).
This post has been ranked within the top 80 most undervalued posts in the first half of Nov 24. We estimate that this post is undervalued by $4.32 as compared to a scenario in which every voter had an equal say.
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Good info . Upvoted and following
BitCrystals will drop below the November 18 low
Please vote my comment: "BitCrystals will drop below the November 18 low."
Unofficial winners are proctologic, mental, jesus2.