Crypto Contest December 12: BitShares
BitShares has broken out of the channel in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe BitShares has completed one cycle from the January 7 low. The five wave advance finished on the March 10, and the three wave correction ended on the December 6. If this wave count is correct, BitShares should be heading next towards the March 10 peak.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long BitShares.
If you think this analysis is correct, upvote this post and upvote the comment "BitShares will takeout the September 13 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "BitShares will drop below the December 6 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 December 6 low and the September 13 peak until January 10, 2017".
You can upvote the comment until 3 PM EST December 13 and you can upvote only one comment. 300% of Steem (3 X 0.281 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 stay in a trading range between the December 6 low and the September 13 peak until January 10, 2017 (6 voters as of 3 PM EST December 13: helikopterben, chryspano, bleujay, yefet, spinbunny, twinner).
BitShares will takeout the September 13 peak (5 voters as of 3 PM EST December 13: otisbrown, mf-tzo, valtr, anotherjoe, soundmoney).
BitShares will drop below the December 6 low (24 voters as of 3 PM EST December 13: me-tarzan, gregory-f, majes, landofcrypto, ppitonak, idnit, jdbry, digit, paliboy, idnit1, mrfoot, the-architect, enchanting, cherished, mistere, smileyface, angels, springtime, delightful, charm, victorious, legends, simplest, idnit0). The following 12 voters had a Reputation score below 35: paliboy (28), the-architect (25), enchanting (25), cherished (25), mistere (25), smileyface (25), springtime (25), delightful (25), charm (25), victorious (25), simplest (25), idnit0 (25).
You won.
This post has been ranked within the top 50 most undervalued posts in the first half of Dec 12. We estimate that this post is undervalued by $8.93 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Dec 12 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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