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Crypto Contest February 1: BitShares

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Markus Aarnio
@maarnio
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Crypto Contest February 1: BitShares

* BitShares (Poloniex: BTSUSD) has broken out of the triangle pattern in the monthly chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, BTS began a wave one advance in January 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2019. If this wave count is correct, BTS should be heading next towards the January 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

BitShares is open-source business development and financial management platform. You can watch Dan Larimer's presentation below from five years ago.

(Sources: https://bitshares.org/)

How Will BitShares Trade?

BitShares (Poloniex: BTSUSD) weekly 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.

  • BTS will takeout the October 2019 peak
  • BTS will drop below the December 2019 low
  • BTS will stay in a trading range between the December 2019 low and the October 2019 peak until March 8 * Answer the question at dpoll.xyz.