Crypto Contest June 21: BlackCoin
BlackCoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, BlackCoin began a wave one advance on May 27. The wave one finished on June 2, and the wave two correction ended on June 5. The wave three advance finished on June 9, and the wave four correction ended on June 10. If this wave count is correct, BlackCoin should be heading next towards the June 9 peak in the wave five.
(Chart courtesy of Tradingview.com)
In the weekly chart, I believe BlackCoin is currently in the wave five.
(Chart courtesy of Tradingview.com)
Looking at the monthly chart, BlackCoin is most likely in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "BlackCoin will takeout the June 9 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "BlackCoin will drop below the June 5 low".
If you think BlackCoin is in a range, upvote this post and upvote the comment "BlackCoin will stay in a trading range between the June 5 low and the June 9 peak until July 21".
You can upvote the comment until 3 PM EST June 22 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.
BlackCoin will takeout the June 9 peak (27 voters as of 3 PM EST June 22: bleujay, yefet, coinmaker, gregory-f, otisbrown, soundmoney, ikilledcobain (did not vote main post), lydon.sipe, cassidyandfranks, starline, timoshey, dirty.hera, mirda, simonjay, libert, coolthings, sevinwilson, eirik, avarice, poppy.poppers, mprgrmmr, razorwave8, skririm, rhino, kooshikoo, acid78, igsamuel).
You won.
BlackCoin will stay in a trading range between the June 5 low and the June 9 peak until July 21 (12 voters as of 3 PM EST June 22: twinner, me-tarzan, komischername, themovieplace, abh12345, damla, andy23, imvictus, jznsamuel, flemingfarm, spassvogel, kochmaster).
BlackCoin will drop below the June 5 low (5 voters as of 3 PM EST June 22: spinbunny, ragnaros, junoooo, stay9n0, lig007).
Usually the first time I learn about these coins are these posts.
BkackCoin started trading in Poloniex in 2014.
Followed!you do thesecanalysys of other coins? Or just blackcoin?
You can find some other coins in my blog as well.
What do you see as BlackCoin's utility? I've been lost with why it's been appreciating so quickly, aside from the entire speculative Pump and Dump scene
http://blackcoin.co/
I guess people like the Proof of Stake. For me it is just a trade.
Sorry... This is the first time I ever heard of BlackCoin...
@pocketechange
Better late than never.
I'm barely getting into the benefits of Cryptos...
I can't wait to see where all this goes...
I heard of Elliot wave, do you know a good place to learn more about it?
Best place would be right here with this blog, but you can also look here:
https://www.elliottwave.com/en/Free-Reports/Elliott-Wave-Tutorial
BlackCoin will stay in a trading range between the June 5 low and the June 9 peak until July 21.
Very good post. Nice to see I'm not the only one who thinks like this. The decision to buy a coin should be based on real analysis of the coin. I found that people keep buying coins without have any knowledge of them. This is considered high risk. Besides coinmarketcap.com there is: https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. Go to: https://www.coincheckup.com/coins/BlackCoin#analysis For a complete BlackCoin Investment and research analysis.