Crypto Contest October 15: Byteball

in #byteball7 years ago

Byteball (GBYTEUSD) has broken out of the wedge pattern in the daily chart.

nimet_n.png

(Chart courtesy of Tradingview.com)

In Elliott Wave terms, Byteball began a wave one advance on April 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 30, and the red wave two (blue sub-waves a-b-c) correction ended on October 9. If this wave count is correct, Byteball should be heading next towards the June 30 peak in the red wave three.

nimet_n.png

(Chart courtesy of Tradingview.com)

One can see the waves even better in the line chart.

nimet_n.png

(Chart courtesy of Tradingview.com)

maarnio.png

If you think this analysis is correct, upvote this post and upvote the comment "Byteball will takeout the June 30 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Byteball will drop below the April 13 low".

If you think Byteball is in a range, upvote this post and upvote the comment "Byteball will stay in a trading range between the April 13 low and the June 30 peak until November 15".

You can upvote the comment until 3 PM EST October 16 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).

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Byteball will stay in a trading range between the April 13 low and the June 30 peak until November 15 (28 voters as of 3 PM EST October 16: allyouneedtoknow, twinner, lucasgabd, flemingfarm, simonjay, eirik, miniature-tiger, catena, themovieplace, toofasteddie, starline, reconnectnature, jznsamuel, komischername, mprgrmmr, crokkon, killuminatic, ragnaros, carlosdaniel, andy23, allmonitors, m3rcos1ty, richard78624, kryptofan, barcalogia, mihail.tsvetkov, incrediblesnow, me-do).

Byteball will drop below the April 13 low (11 voters as of 3 PM EST October 16: gregory-f, osmanbugra, libert, skririm, anetchen, mirda, psywalker, yefet, yinyangboobookat, gunsmithing, freskil).

Byteball will takeout the June 30 peak (2 voters as of 3 PM EST October 16: digitalking, cassidyandfranks).

i think GBYTE/BTC coming down all the way to .1500 before you will see a big rally up

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For the sake of the coin staying in range is a good thing. The last few months haven't been good to it.

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