Crypto Contest July 20: Blocktix

Blocktix (TIXBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Blocktix began a wave one advance on November 16, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 5 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 29. If this wave count is correct, Blocktix should be heading next towards the January 5 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Blocktix is an Ethereum based, counterfeit-resistant solution for individuals and event hosting businesses to distribute, advertise, and transfer tickets. You can view the official introduction video below.

(Sources https://blocktix.io/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Blocktix will takeout the April 28 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Blocktix will drop below the November 16, 2017 low".

If you think Blocktix is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Blocktix will stay in a trading range between the November 16, 2017 low and the April 28 peak until August 24".

(Chart courtesy of Tradingview.com (log scale))

You can upvote the comment until 3 PM EST July 23 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).

Bonus

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.