Crypto Contest April 15: BitShares
BitShares has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, BitShares began a wave one advance on February 28. The wave one (sub-waves i-v) finished on April 2, and the wave two (sub-waves abc) correction ended on April 7. If this wave count is correct, BitShares should be heading next towards the April 2 peak in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "BitShares will takeout the April 2 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "BitShares will drop below the February 28 low".
If you think BitShares is in a range, upvote this post and upvote the comment "BitShares will stay in a trading range between the February 28 low and the April 2 peak until May 10".
You can upvote the comment until 3 PM EST April 16 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.
BitShares will takeout the April 2 peak (6 voters as of 3 PM EST April 16: otisbrown, anotherjoe, vato, gregory-f, avarice, mirda).
You won.
BitShares will stay in a trading range between the February 28 low and the April 2 peak until May 10 (7 voters as of 3 PM EST April 16: bleujay, twinner, allyouneedtoknow, razorwave8, spinbunny, yefet, starline).
This post has been ranked within the top 80 most undervalued posts in the first half of Apr 15. We estimate that this post is undervalued by $0.56 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Apr 15 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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BitShares will drop below the February 28 low (1 voter as of 3 PM EST April 16: coolthings).
BitShares will takeout the April 2 peak