Crypto Contest November 8: Basic Attention Token
Basic Attention Token (BATBTC) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Basic Attention Token began a wave one advance in December 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January this year, and the red wave two (blue sub-waves a-b-c) correction ended in September. If this wave count is correct, Basic Attention Token should be heading next towards the January peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Basic Attention Token is a token for a decentralized ad exchange. My Crypto Journey brings the latest BAT news as of November 2.
(Sources: https://basicattentiontoken.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Basic Attention Token will takeout the January peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Basic Attention Token will drop below the September low".
If you think Basic Attention Token is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Basic Attention Token will stay in a trading range between the September low and the January peak until December 13".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST November 11 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus 1
I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
Basic Attention Token will stay in a trading range between the September low and the January peak until December 13 (24 voters as of 3 PM EST November 11: bleujay, bentleycapital, moeenali, crokkon, vicspics, toofasteddie, kunschj, jznsamuel, costanza, jlordc, starline, steem-d-anlovnit, diogosantos, reconnectnature, simonjay, revelationquotes, mitrado, lucasgabd, galasek, koskl, dine77, mirda, richard78624, coolthings).
You won. Paid out from @maarnio1
Basic Attention Token will takeout the January peak (12 voters as of 3 PM EST November 11: steemquestions, allyouneedtoknow, gregory-f, diana.feuerberg, barbadosso, skepticology, ace108, steemit.nemesis, mgood, fullcoverbetting, sporttr, qmarpot).
Basic Attention Token will drop below the September low (4 voters as of 3 PM EST November 11: sqlinsix, freiheit50, novus-locus, nzl19500).
I think it will be pretty hard (if not impossible) for the majority of the coins to take out the January peak before the end of the year...
This is good and now we just have to wait for some catalyst in the markets @maarnio
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