Crypto Contest February 5: Pinkcoin
Pinkcoin has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Pinkcoin began a five wave advance on February 1 in the one-hour chart. The wave five finished on February 2, and the three wave correction ended on February 3.
(Chart courtesy of Tradingview.com)
Looking at the four-hour chart, I believe Pinkcoin is currently in the wave three (sub-wave iii). The wave on began on January 4, and finished on January 27. The wave two correction ended on February 1. If this wave count is correct, Pinkcoin should be heading next towards the October 20, 2016 peak.
(Chart courtesy of Tradingview.com)
You can find my longer term analysis on Pinkcoin from here:
https://steemit.com/pinkcoin/@maarnio/crypto-contest-january-8-pinkcoin
Disclosure: I am/we are long Pinkcoin.
If you think this analysis is correct, upvote this post and upvote the comment "Pinkcoin will takeout the October 20, 2016 peak".
(Chart courtesy of Tradingview.com)
If you think this analysis is wrong, upvote this post and upvote the comment "Pinkcoin will drop below the January 4 low".
If you think Pinkcoin is in a range, upvote this post and upvote the comment "Pinkcoin will stay in a trading range between the January 4 low and the October 20, 2016 peak until March 5".
You can upvote the comment until 3 PM EST February 6 and you can upvote only one comment. 200% of Steem (2 X 0.115 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.
Pinkcoin will takeout the October 20, 2016 peak (20 voters as of 3 PM EST February 6: otisbrown, bleujay, nextgen622, daveks, majes, riosparada, l0k1, orenshani7, digit, bidnat, jdbry, mrfoot, soundmoney, mirda, coolthings, steemradio, angels, legends, tamersameeh, benjiparler).
Pinkcoin will stay in a trading range between the January 4 low and the October 20, 2016 peak until March 5 (13 voters as of 3 PM EST February 6: anotherjoe, twinner, spinbunny, yefet, starline, andy23, beers, permacryptofolio, uhu, peccio, steem-munich, steem.map, sonstiges). andy23 has a reputation of 34. permacryptofolio, steem.map, sonstiges, and uhu have a reputation of 25.
You won.
Pinkcoin will drop below the January 4 low (3 voters as of 3 PM EST February 6: me-tarzan, ragnaros, lindal).
Appreciate the rewards @maarnio and your continued support.
Greetings to you and yours. Cheers.
Thank you bleujay. You have done very well at the contests.
Pinkcoin will drop below the January 4 low.
Thank you @maarnio for the rewards and your support.
Looking forward to seeing your posts once again.
All the best to you and yours. Cheers,
Thank you bleujay. Been busy with a new Trading Project.
missing the daily comp.! hope alls well, you must be taking time off from steemit, cheers
All is well. Just been busy with a new Trading Project.
glad to hear it
Same hope your back soon
Thanks Simon.
I see you're keeping up with payouts. Thanks. I was afraid I was missing out on some of the contests, but now see you have a new project coming up. Anything you can tell us about it yet?
Hi Another Joe,
This one is forex related. Could not say no to that opportunity.
Any ideas what's driving the sudden interest in Pinkcoin?
This post has been ranked within the top 80 most undervalued posts in the second half of Feb 05. We estimate that this post is undervalued by $6.11 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Feb 05 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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