Crypto Contest June 22: Burst
Burst has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Burst began a wave one advance on January 1. The wave one finished on April 16, and the wave two correction ended on May 2. The wave three advance finished on May 13, and the wave four correction ended on May 27. If this wave count is correct, Burst should be heading next towards the May 13 peak in the wave five.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, I believe Burst is currently in the wave three (sub-wave v).
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Burst will takeout the May 13 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Burst will drop below the May 2 low".
If you think Burst is in a range, upvote this post and upvote the comment "Burst will stay in a trading range between the May 2 low and the May 13 peak until July 22".
You can upvote the comment until 3 PM EST June 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). Only participants with a Reputation of 35 or more will qualify in the contest.
Burst will takeout the May 13 peak (29 voters as of 3 PM EST June 23: bleujay, yefet, otisbrown, simonjay, soundmoney, gregory-f, ikilledcobain (did not vote main post), lydon.sipe, cassidyandfranks, daniel.dalo, timoshey, migo25, dirty.hera, rokasltu, mirda, themovieplace, damla, lepton, poppy.poppers, eirik, andy23, mprgrmmr, imvictus, almasan, thefreehelot, rhino, jznsamuel, lig007, igsamuel).
You won.
Burst will stay in a trading range between the May 2 low and the May 13 peak until July 22 (12 voters as of 3 PM EST June 23: twinner, me-tarzan, starline, steemit.nemesis, ragnaros, thatsweeneyguy, stay9n0, abh12345, razorwave8, flemingfarm, junoooo, acid78).
Yes, and so burst will not burst any trend :-)
Burst will drop below the May 2 low (4 voters as of 3 PM EST June 23: libert, coolthings, avarice, spinbunny).
@maarnio nice call again up 15% on the day. Appreciate the daily charts!
Thanks cryptocure. Glad to see you here.
@maarnio burst up another 30 today going to have to stick with ya for these calls!
wow
hi there currently i am powering up so if you upvote my posts that would a great help
Thanks
It will take out the May 13 peak.
Burst will takeout the May 13 peak.
Burst will drop below the May 2 low
thank you for sharing
Lets hope the breakout will continue to go uptrend.