Crypto Contest November 18: Databits
Databits (Bittrex: DTBBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Databits began a wave one advance on October 7. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 23, and the red wave two (blue sub-waves a-b-c) correction ended on November 13. If this wave count is correct, Databits should be heading next towards the October 23 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Databits are an integral part of the Augmentors gaming ecosystem. The Shitcoin Sherpa published a guide to the game earlier this year.
(Sources: https://www.augmentorsgame.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Databits will takeout the October 23 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Databits will drop below the October 7 low".
If you think Databits is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Databits will stay in a trading range between the October 7 low and the October 23 peak until December 23".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST November 21 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).
Bonus 1
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Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
Databits will stay in a trading range between the October 7 low and the October 23 peak until December 23 (17 voters as of 3 PM EST November 21: bleujay, bentleycapital, abh12345, mellofello, novus-locus, soundmoney, crokkon, toofasteddie, ace108, kunschj, jlordc, steem-d-anlovnit, starline, simonjay, galasek, moeenali, diogosantos).
Databits will stay in a trading range between the October 7 low and the October 23 peak until December 23.
Posted using Partiko iOS
Databits will drop below the October 7 low (8 voters as of 3 PM EST November 21: sqlinsix, allyouneedtoknow, gregory-f, vicspics, skepticology, jznsamuel, martusamak, reconnectnature).
You won. Paid out from @maarnio1
Databits will takeout the October 23 peak (4 voters as of 3 PM EST November 21: barbadosso, lydon.sipe, steemit.nemesis, sporttr).
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