Crypto Contest February 20: Golos
Golos (GOLOSUSD) 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, Golos began a wave one advance on September 15, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 7 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Golos should be heading next towards the January 7 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe Golos is currently in the red wave three (blue sub-wave iii). The red wave three began on September 15, 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Golos is a Russian version (hard fork) of Steemit. Golos has currently more than 100,000 accounts. You can find the most recent stats at jang's blog.
(Sources: https://golos.io/ and Jang's blog)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Golos will takeout the January 7 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Golos will drop below the September 15, 2017 low".
If you think Golos is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Golos will stay in a trading range between the September 15, 2017 low and the January 7 peak until March 23".
You can upvote the comment until 3 PM EST February 21 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).
Bonus
I will be sending one Trophy Token to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
Golos will stay in a trading range between the September 15, 2017 low and the January 7 peak until March 23 (33 voters as of 3 PM EST February 21: helikopterben, gregory-f, soundmoney, heroic15397, allyouneedtoknow, glennolua, dlina-v-metrah, flemingfarm, misalen, lucasgabd, mgood, mark.feuerborn, themovieplace, catena, starline, mirda, me-do, mister.green, cmoljoe, cryptotem, ahinga, skepticology, qmarpot, harryp3, ilovefashion, paul.atreides, andy23, nordina, yefet, plumygg, heidelbaer, tzap90, elisablogs).
Golos will takeout the January 7 peak (21 voters as of 3 PM EST February 21: bleujay, steemquestions, bentleycapital, fitinfun, eirik, crokkon, ace108, acelad, komischername, bxlphabet, toofasteddie, carlosdaniel, kunschj, richard78624, mihail.tsvetkov, criptorafa, ragnaros, akandadelwar, notanengenier, utkarshvarma, cata22).
Golos will drop below the September 15, 2017 low (12 voters as of 3 PM EST February 21: sqlinsix, gunsmithing, reconnectnature, coolthings, cassidyandfranks, diogosantos, koskl, barbadosso, portillo, libert, beiker, abhicrypto).
You won.
👍👍👍👍👍
I am risking that Golos will drop below the September 15 low.
I don´t know why, but when BTC price comes down, I don't see GOLOS holding strong.
I tryed to register there but it won't work.Any tips?
I am logged in with my Steem keys. Try asking @jang.
Upvoted, show love ok
sell btc, buy golos
https://www.investing.com/currencies/golos-btc
You can't compare golos with btc. Bad times will finish soon and btc will bounceback again. No need to sell btc.
btc is a currency. We can every day exchange btc to any other currency and conversely
cool post! Thank you for sharing![5d16f2c023b8668b384dc2e665649f39.png](https://steemitimages.com/DQmQmgWfseDE44NDY3zX1QxAQG4XG95myEkYNeQTUKPxpjy/5d16f2c023b8668b384dc2e665649f39.png)