Crypto Contest July 3: BitcoinPlus

[maarnio]

BitcoinPlus has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com)

In Elliott Wave terms, BitcoinPlus began a wave one advance on May 28. The wave one (sub-waves i-v) finished on June 27, and the wave two (sub-waves abc) correction ended on July 2. If this wave count is correct, BitcoinPlus should be heading next towards the June 27 peak in the wave three.

(Chart courtesy of Tradingview.com)

Looking at the weekly chart, I believe BitcoinPlus is currently in the wave three (sub-wave iii).

(Chart courtesy of Tradingview.com)

If you think this analysis is correct, upvote this post and upvote the comment "BitcoinPlus will takeout the June 27 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "BitcoinPlus will drop below the May 28 low".

If you think BitcoinPlus is in a range, upvote this post and upvote the comment "BitcoinPlus will stay in a trading range between the May 28 low and the June 27 peak until August 3".

You can upvote the comment until 3 PM EST July 4 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.

Comments

[maarnio]

BitcoinPlus will stay in a trading range between the May 28 low and the June 27 peak until August 3.

[maarnio]

You won.

[maarnio]

BitcoinPlus will takeout the June 27 peak.

[maarnio]

BitcoinPlus will drop below the May 28 low.

[dinsha]

great article.. than you for sharing

[maarnio]

Thank you dinsha.

[acronym]

I'm making the crypto world friendly and accessible for everybody by explaining acronyms and terms related to cryptocurrency. Here I found:

BitcoinPlus (XBC)	The Alternative Cryptocurrency which aims to have a Modern and Efficient working wallet, has a low start supply with a Maximum Total of 1 Million Coins (less than 100,000 coins are currently in circulation)
SBD	Steem Dollars are liquid stable-value currency tokens designed to be pegged to $1 USD

Please upvote for visibility. If there is anything missed please comment, so I'll add it the database and become better.

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