Crypto Contest May 16: 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 April 11. The wave one finished on April 30, and the wave two correction ended on May 2. The wave three advance finished on May 8, and the wave four correction ended on May 9. If this wave count is correct, BitShares should be heading next towards the May 8 peak in the wave five.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, I believe BitShares is currently 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 May 8 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "BitShares will drop below the May 2 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 May 2 low and the May 8 peak until June 11".
You can upvote the comment until 3 PM EST May 17 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 takeout the May 8 peak (23 voters as of 3 PM EST May 17: helikopterben, bleujay, otisbrown, vato, gregory-f, simonjay, allyouneedtoknow, steemquestions, sqlinsix, bonvivan, ikilledcobain, soundmoney, cm-steem, starline, eirik, cassidyandfranks, mprgrmmr, mirda, avarice, dirty.hera, goodcore, pinagpala, abh12345).
Bitshares is going to go to the moon between the 20th and 22nd.
https://steemit.com/bitshares/@cm-steem/for-every-hero-there-is-an-arch-nemesis-idea-for-the-opposite-to-the-hero-fpa
This is why?
This post is just an idea, nothing planned.
Perfect timing!
will bitshare go to moon even bitcoin is going up?
You won.
BitShares will drop below the May 2 low (5 voters as of 3 PM EST May 17: me-tarzan, razorwave8, ace108, ikilledcobain, coolthings).
BitShares will stay in a trading range between the May 2 low and the May 8 peak until June 11 (4 voters as of 3 PM EST May 17: twinner, spinbunny, yefet, ragnaros).
awesome