Crypto Contest July 4: BTU Protocol

BTU Protocol (Bittrex: BTUUSD) 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, BTU began a red wave one advance on April 12. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on April 30 and the red wave two (blue sub-waves a-b-c) correction ended on June 23. If this wave count is correct, BTU should be heading next towards the April 30 peak in the red wave three. (Chart courtesy of Tradingview.com (log scale))

Zooming out in the weekly chart, I believe BTU is currently in the red wave three (blue sub-wave iii). The red wave one began in March 2020 and the red wave two correction ended on April 12 this year. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

BTU Protocol is software combined with a non-custodial reward used for mass on-boarding onto Decentralized Finance. You can find their whitepaper here. (Sources: https://www.btu-protocol.com/pdf/whitepaper.pdf)

How Will BTU Protocol Trade?

BTU Protocol (Bittrex: BTUUSD) 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.

BTU will takeout the April 30 peak

BTU will drop below the April 12 low

BTU will stay in a trading range between the April 12 low and the April 30 peak until August 10

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