Crypto Contest May 2: Bytecoin
Bytecoin has broken out of the triangle 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 finished on March 28, and the wave two correction ended on March 30. If this wave count is correct, Bytecoin should be heading next towards the March 28 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 March 28 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 March 28 peak until May 28".
You can upvote the comment until 3 PM EST May 3 and you can upvote only one comment. 200% of Steem 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 stay in a trading range between the March 26 low and the March 28 peak until May 28 (10 voters as of 3 PM EST May 3: bleujay, twinner, gregory-f, allyouneedtoknow, simonjay, spinbunny, yefet, starline, dirty.hera, ragnaros).
Bytecoin will takeout the March 28 peak (4 voters as of 3 PM EST May 3: otisbrown, anotherjoe, soundmoney, mirda).
You won.
Bytecoin will drop below the March 26 low (3 voters as of 3 PM EST May 3: me-tarzan, cassidyandfranks, coolthings).
Good points in this post. Same mindset here. Some people say it's a high risk market but if you're willing to hold your coins with a 2 to 5 year vision I bet the risk might not seem that high by then :-). This is quite an interesting website I found: https://www.coincheckup.com I'm really happy with this site that gives complete coin analysis for every single crypto.