Crypto Contest June 7: Vertcoin
Vertcoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Vertcoin began a wave one advance on November 29, 2016. The wave one (sub-waves i-v) finished on May 7, and the wave two (sub-waves abc) correction ended on May 27. If this wave count is correct, Vertcoin should be heading next towards the May 7 peak in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Vertcoin will takeout the May 7 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Vertcoin will drop below the May 27 low".
If you think Vertcoin is in a range, upvote this post and upvote the comment "Vertcoin will stay in a trading range between the May 27 low and the May 7 peak until July 7".
You can upvote the comment until 3 PM EST June 8 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). Only participants with a Reputation of 35 or more will qualify in the contest.
Vertcoin will takeout the May 7 peak (20 voters as of 3 PM EST June 8: bleujay, dan-atstarlite, gregory-f, simonjay, yefet, kooshikoo, allyouneedtoknow, soundmoney, ikilledcobain, jznsamuel, daniel.dalo, starline, eirik, mprgrmmr, avarice, damla, dirty.hera, ragnaros, pinagpala, alexrickard86).
You won.
Nice!
Thanks for the prize :)
You are welcome. Well done!
Vertcoin will stay in a trading range between the May 27 low and the May 7 peak until July 7 (7 voters as of 3 PM EST June 8: twinner, nenad-ristic, spinbunny, thatsweeneyguy, skririm, coolthings, andy23).
Vertcoin will drop below the May 27 low (5 voters as of 3 PM EST June 8: cm-steem, razorwave8, mirda, vtep, lig007).
Seems to be quite an interesting cryptocurrency. I assume you invested in a couple of coins. Are there any special implications which made you to decide to buy?
Yes. I have several coins. To be honest my decisions to buy a cryptocurrency are based 80% on Technical Analysis (Elliott Waves), but I try to follow the fundamentals also as much as possible.
Well Elliot Waves can be very useful. I always buy coins if I get their idea and if it sounds useful to mankind. IOTA for example is my currently favorite. It enableds microtransactions between IoT devices or any other devices. But I'll give vertcoin a more detailied look :-)
Just made a post about IOTA.
Thank you for posting @maarnio.
Appreciate the winnings.
All the best. Cheers.
Thank you bleujay. It is great having you here.
This post has been ranked within the top 80 most undervalued posts in the first half of Jun 07. We estimate that this post is undervalued by $17.60 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jun 07 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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