Crypto Contest February 4: Counterparty
Counterparty has broken and retested the trendline in the daily chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Counterparty started a five wave advance on January 25 in the one-hour chart. The wave five finished on January 29, and the three wave correction ended on February 3. If this wave count is correct, Counterparty should be heading next towards the January 29 peak.
(Chart courtesy of Tradingview.com)
Looking at the four-hour chart, I believe Counterparty is currently in the wave three (sub-wave iii). The wave one began on December 27, 2016, and finished on January 9. The wave two correction ended on January 25.
(Chart courtesy of Tradingview.com)
You can find my longer term analysis on Counterparty from here:
https://steemit.com/counterparty/@maarnio/crypto-contest-january-6-counterparty
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 January 29 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Counterparty will drop below the December 27, 2016 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 27, 2016 low and the January 29 peak until March 4".
You can upvote the comment until 3 PM EST February 5 and you can upvote only one comment. 200% of Steem (2 X 0.131 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 takeout the January 29 peak (7 voters as of 3 PM EST February 5: bleujay, gregory-f, yefet, grildrig, soundmoney, mirda, coolthings).
Counterparty will stay in a trading range between the December 27, 2016 low and the January 29 peak until March 4 (5 voters as of 3 PM EST February 5: twinner, anotherjoe, jahtech, starline, andy23). andy23 has a reputation of 34.
You won.
This post has been ranked within the top 80 most undervalued posts in the second half of Feb 04. We estimate that this post is undervalued by $5.57 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Feb 04 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
Counterparty will drop below the December 27, 2016 low (1 voter as of 3 PM EST February 5: ragnaros).
Good points in this blog. Really appreciate you bring this to our attention. The crypto space brings the biggest group of uneducated investors with it. This group will only grow. We do need to look better at the insights of every coin. What team is behind it, is there any management. How strong is the product, is there any product at all? I found this amazing platform: https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. Sorted by team, product, company, advisors, previous investors, etc. Check: https://www.coincheckup.com/coins/Counterparty#analysis To see the: Counterparty Investment research report.