Crypto Contest July 26: BitShares
BitShares has broken out of the triangle 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 June 10, and the wave two (sub-waves a-b-c) correction ended on July 16. If this wave count is correct, BitShares should be heading next towards the June 10 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 June 10 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 June 10 peak until August 26".
You can upvote the comment until 3 PM EST July 27 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.
BitShares will drop below the February 28 low (12 voters as of 3 PM EST July 27: cryptokraze, steem-buzz, tzap90, skririm, spinbunny, abh12345, coolthings, psilacetin, carlosdaniel, zedfactory, apsu, vermute).
Bitshare is dying with each week.
I think It is going upp every week, much new innovations from CCEDK ;) and another companies. And I like trading on Openledger :)
haH! It's a little early to call that. It is superior tech. as @stan just said, Bitcoin-Cash owners can take their new token and move it over to bitshares, giving it the full upgrade the BTC community could not agree on.
BitShares will takeout the June 10 peak (16 voters as of 3 PM EST July 27: cm-steem, otisbrown, simonjay, gregory-f, lydon.sipe, me-tarzan, thomasaquinasftw, dirty.hera, damla, osmanbugra, libert, anetchen, digitalking, eirik, c-c-c, mprgrmmr).
BitShares will stay in a trading range between the February 28 low and the June 10 peak until August 26 (23 voters as of 3 PM EST July 27: twinner, yefet, soundmoney, ahinga, steemit.nemesis, allmonitors, starline, flemingfarm, mirda, lucasgabd, point, jznsamuel, napkin, miniature-tiger, ragnaros, andy23, toofasteddie, veibone, hermanhanafiah, mela, lig007, sijoittaja, me-do).
You won.
It's market cap plummet dramatically to $0.121287 or -25.27%. Yes I agree with you stay in a trading range, it's peak is between the last week of May and June.
Please remember to upvote the right comment.
This post has been ranked within the top 50 most undervalued posts in the first half of Jul 26. We estimate that this post is undervalued by $16.41 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jul 26 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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I learned quite interesting things about technical analysis, thank to your posts, I try to write about Bitcoin in Turkish&English. I would appreciate some comments and advices. (not necessarily upvote)
Thank you Osman. Commented on your blog.