Crypto Contest July 13: Bytecoin
Bytecoin has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Bytecoin began a wave one advance on March 26. The wave one (sub-waves i-v) finished on May 21, and the wave two (sub-waves a-b-c) correction ended on July 11. If this wave count is correct, Bytecoin should be heading next towards the May 21 peak in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Bytecoin will takeout the May 21 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Bytecoin will drop below the March 26 low".
If you think Bytecoin is in a range, upvote this post and upvote the comment "Bytecoin will stay in a trading range between the March 26 low and the May 21 peak until August 13".
You can upvote the comment until 3 PM EST July 14 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.
Bytecoin will takeout the May 21 peak (20 voters as of 3 PM EST July 14: bleujay, simonjay, otisbrown, soundmoney, lydon.sipe, daniel.dalo, bradenford, themovieplace, cassidyandfranks, kooshikoo, damla, eirik, jznsamuel, pinagpala, psywalker, tzap90, mprgrmmr, carlosdaniel, rhino, remic2005).
Bytecoin will stay in a trading range between the March 26 low and the May 21 peak until August 13 (16 voters as of 3 PM EST July 14: twinner, gregory-f, me-tarzan, allyouneedtoknow, graviton, starline, thatsweeneyguy, migo25, skririm, mirda, flemingfarm, catena, miniature-tiger, ragnaros, andy23, c-c-c).
You won.
Bytecoin will drop below the March 26 low (6 voters as of 3 PM EST July 14: yefet, libert, coolthings, razorwave8, lig007, sevinwilson).
Other than pumping and dumping I never quite seen the draw to bytecoin. It has some cool feature but not enough to attract myself for the long hall
The shittyest coin on Polo.I consider it a "trap".Reallystic price of this coin is 5 satoshi.Now is pumped high..very risky investment.
Omg, those currencies...
maarnio, we need more people like you on this channel.
Btw. you can find out about yourself at this terminal, I found you based on what the machine thinks I like about you, haha.
Thanks. I like your machine.
This post has been ranked within the top 80 most undervalued posts in the first half of Jul 13. We estimate that this post is undervalued by $9.08 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jul 13 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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Good points in this post. Interesting to see I'm not the only one that is thinking about this. No matter how populair a coin is. People should always do a proper background check. It surprises me how many coins are out there that don't have their basics right. Besides coinmarketcap.com there is: https://www.coincheckup.com The site that lets you check all there is to know about the team, product, communication transparency, advisors and investment statistics on every crypto.