Crypto Contest September 8: Bifrost
Bifrost (Upbit: BFCBTC) 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, BFC began a red wave one advance on January 3. The red wave one peaked on April 22 and the red wave two correction ended on June 22. The red wave three (blue sub-waves i-ii-iii-iv-v) peaked on August 19 and the red wave four (blue sub-waves a-b-c) correction ended on September 7. If this wave count is correct, BFC should be heading next towards the August 19 peak in the red wave five.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Bifrost is a multichain middleware platform enabling developers to create DApps on top of multiple protocols. CryptoWendyO reviewed the project earlier this year.
(Sources: https://thebifrost.io/)How Will Bifrost Trade?
Bifrost (Upbit: BFCBTC) daily chart by Tradingview.
(Chart courtesy of Tradingview.com(log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
BFC will takeout the August 19 peak
BFC will drop below the August 9 low
BFC will stay in a trading range between the August 9 low and the August 19 peak until October 15
BFC will stay in a trading range between the August 9 low and the August 19 peak until October 15
Correct. Upvoted your post:
https://steemit.com/steemit/@simonjay/daily-steem-price-update-14-10-2021
BFC will stay in a trading range between the August 9 low and the August 19 peak until October 15
Correct. Upvoted your comment:
https://steemit.com/steemleo/@yefet/r0ps1q
BFC will stay in a trading range between the August 9 low and the August 19 peak until October 15
Correct. Upvoted your comment:
https://steemit.com/steemleo/@liviarodgers/r0y206
BFC will stay in a trading range between the August 9 low and the August 19 peak until October 15
Correct. Upvoted your comment:
https://steemit.com/steemleo/@imisstheoldkanye/r0pcb1
BFC will stay in a trading range between the August 9 low and the August 19 peak until October 15
Correct. Upvoted your comment:
https://steemit.com/steemit/@lolyfuentes/r104cm
BFC will drop below the August 9 low
BFC will drop below the August 9 low
BFC will stay in a trading range between the August 9 low and the August 19 peak until October 15
Correct. Upvoted your comment:
https://steemit.com/steemleo/@vanbasten/r0yani
BFC will stay in a trading range between the August 9 low and the August 19 peak until October 15
Correct. Upvoted your comment:
https://steemit.com/steemleo/@futurra/r0ybjw
BFC will stay in a trading range between the August 9 low and the August 19 peak until October 15
Correct. Upvoted your comment:
https://steemit.com/steemleo/@pum/r0yanq