Crypto Contest December 18: Counterparty
Counterparty has broken out of the channel in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Counterparty has completed one cycle from the December 29, 2015 low. The five wave advance finished on the September 21, and the three wave correction ended on the December 6. If this wave count is correct, Counterparty should be heading next towards the September 21 peak.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Counterparty.
If you think this analysis is correct, upvote this post and upvote the comment "Counterparty will takeout the October 12 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Counterparty will drop below the December 6 low".
If you think Counterparty is in a range, upvote this post and upvote the comment "Counterparty will stay in a trading range between the December 6 low and the October 12 peak until January 15, 2017".
You can upvote the comment until 3 PM EST December 19 and you can upvote only one comment. 300% of Steem (3 X 0.183 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.
Counterparty will stay in a trading range between the December 6 low and the October 12 peak until January 15, 2017 (9 voters as of 3 PM EST December 19: helikopterben, bleujay, yefet, hexdek16, spinbunny, anotherjoe, inertia, jahtech, fortinbuff).
Counterparty will takeout the October 12 peak (7 voters as of 3 PM EST December 19: otisbrown, mallorcaman, taskmanager, landofcrypto, d3nv3r, bradenford, soundmoney).
Counterparty will drop below the December 6 low (3 voters as of 3 PM EST December 19: me-tarzan, gregory-f, twinner).
You won.
This post has been ranked within the top 80 most undervalued posts in the second half of Dec 18. We estimate that this post is undervalued by $7.24 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Dec 18 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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