Crypto Contest January 4: Byteball Bytes
Byteball Bytes (Bittrex: GBYTEBTC) has broken out of the wedge pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Bytes began a wave one advance on November 23, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 11, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 1 this year. If this wave count is correct, Bytes should be heading next towards the December 11, 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe Bytes is currently in the red wave three blue sub-wave iii.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Byteball is a DAG based cryptocurrency platform ready for real world adoption. ICO REVIEW reviewed Byteball in October 2018.
(Sources: Byteball and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bytes will takeout the December 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bytes will drop below the November 2018 low".
If you think Bytes is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bytes will stay in a trading range between the November 2018 low and the December 2018 peak until February 8".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST January 7 and you can upvote only one comment. 50% of liquid STEEM + 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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Published by Maarnio
on
Bytes will takeout the December 2018 peak (7 voters as of 3 PM EST January 7: bleujay, bentleycapital, steemit.nemesis, allyouneedtoknow, papabyte, lydon.sipe, sporttr).
You won. Paid out from @maarnio1
Bytes will drop below the November 2018 low (8 voters as of 3 PM EST January 7: freiheit50, diana.feuerberg, sqlinsix, vicspics, minimining, tzap90, galasek, mgood).
Bytes will stay in a trading range between the November 2018 low and the December 2018 peak until February 8 (15 voters as of 3 PM EST January 7: gregory-f, skepticology, mellofello, novus-locus, toofasteddie, barbadosso, ace108, crokkon, reconnectnature, kunschj, steem-d-anlovnit, diogosantos, harryp3, simonjay, richard78624).
happy new year @maarnio
Happy New Year koskl.
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