Crypto Contest January 27: BTSE

BTSE (Bitfinex: BTSEUSD) 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, BTSE began a red wave one advance in December 2020. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked in March 2022 and the red wave two (blue sub-waves a-b-c) correction ended in December 2022. If this wave count is correct, BTSE should be heading next towards the March 2022 peak in the red wave three.

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

Funnymentals

BTSE is the first exchange token running on Liquid, a Bitcoin sidechain-based settlement network for traders and exchanges and includes Confidential Transactions and Confidential Assets to maximize on-chain privacy. You can find their transparency report below.

(Sources: https://www.btse.com)

How Will BTSE Trade?

BTSE (Bitfinex: BTSEUSD) weekly chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers (posts only).

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.

BTSE will takeout the November 2022 peak

BTSE will drop below the December 2022 low

BTSE will stay in a trading range between the December 2022 low and the November 2022 peak until March 5