Crypto Contest November 26: Bitstar

Bitstar has broken out of the four-hour wedge pattern.

(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Bitstar has completed one cycle from the May 27 low. The five wave advance finished on the September 8, and the three wave correction ended on the November 23. If this wave count is correct, Bitstar should be heading next towards the September 8 peak.

(Chart courtesy of Tradingview.com)
In the weekly chart, Bitstar is currently most likely in the wave three (sub-wave iii). The wave one started in the December 2015, and finished in the March 2016. The wave two correction ended on the May 27.

(Chart courtesy of Tradingview.com)
In the monthly chart, I believe Bitstar is in the wave three. The wave one started in the May 2014, and finished in the August 2014. The wave two correction ended in the December 2015.

(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Bitstar.

If you think this analysis is correct, upvote this post and upvote the comment "Bitstar will takeout the October 14 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Bitstar will drop below the November 23 low".
You can upvote the comment until 3 PM EST November 27 and you can upvote only one comment. 100% of Steem (0.638 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).