Crypto Contest November 3: Bitcoin Cash
Bitcoin Cash (BCHUSD) 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, Bitcoin Cash began a wave one advance on September 19. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 27, and the red wave two (blue sub-waves a-b-c) correction ended on October 31. If this wave count is correct, Bitcoin Cash should be heading next towards the September 27 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe Bitcoin Cash is currently in the red wave three. The red wave three began on September 19.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Bitcoin Cash is peer-to-peer electronic cash. Naomi Brockwell brings some background to the November 15 hard fork.
(Sources: https://www.bitcoincash.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitcoin Cash will takeout the September 27 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitcoin Cash will drop below the September 19 low".
If you think Bitcoin Cash is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitcoin Cash will stay in a trading range between the September 19 low and the September 27 peak until December 8".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 1 PM EST November 4 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
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Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
Bitcoin Cash will takeout the September 27 peak (18 voters as of 1 PM EST November 4: bleujay, allyouneedtoknow, novus-locus, barbadosso, ace108, anetchen, kunschj, steemit.nemesis, simonjay, jlordc, diogosantos, reconnectnature, bitbrain, themovieplace, mirda, heyimsnuffles, nzl19500, qmarpot).
You won. Paid out from @maarnio1
Bitcoin Cash will stay in a trading range between the September 19 low and the September 27 peak until December 8.
Bitcoin Cash will drop below the September 19 low.
I'm finally "free", my situation has been solved, thank you once again @maarnio!!
That's lovely to hear......thank you for letting us know.
Very good!
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