Crypto Contest January 19: BitShares
BitShares (Poloniex: BTSBTC) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, BitShares began a wave one advance in October 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, BitShares should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe BitShares is currently in the red wave three (blue sub-wave iii). The red wave three began in October 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
BitShares is an industrial-grade decentralized platform. Annemieke Dirkes gave a presentation on November 28, 2018.
(Sources: BitShares and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "BitShares will takeout the October 21, 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "BitShares will drop below the December 28, 2018 low".
If you think BitShares is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "BitShares will stay in a trading range between the December 28, 2018 low and the October 21, 2018 peak until February 23".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST January 22 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus 1
I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
Published by Maarnio
on
BitShares will stay in a trading range between the December 28, 2018 low and the October 21, 2018 peak until February 23 (22 voters as of 3 PM EST January 22: bleujay, bentleycapital, abh12345, freiheit50, gregory-f, mellofello, allyouneedtoknow, soundmoney, crokkon, barbadosso, reconnectnature, toofasteddie, tzap90, steem-d-anlovnit, jznsamuel, diogosantos, harryp3, mitrado, mgood, fullcoverbetting, richard78624, kunschj).
You won. Paid out from @maarnio1
BitShares will drop below the December 28, 2018 low (6 voters as of 3 PM EST January 22: sqlinsix, skepticology, vicspics, lydon.sipe, ace108, galasek).
BitShares will takeout the October 21, 2018 peak (3 voters as of 3 PM EST January 22: diana.feuerberg, steemit.nemesis, sporttr).
I remember back in the days, I went search more about BitShares because of you and the Trophy Token*.
Hi, @maarnio!
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Hi @maarnio!
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