Crypto Contest March 5: DigiByte
DigiByte (Bittrex: DGBBTC) 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, DigiByte began a wave one advance in March 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in July 2018, and the red wave two (blue sub-waves a-b-c) correction ended in February this year. If this wave count is correct, DigiByte should be heading next towards the July 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the weekly chart, I believe DigiByte is currently in the red wave three (blue sub-wave iii). The red wave three began in March 2018.
(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, DigiByte is most likely in the red wave three. The red wave three began in December 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
DigiByte is a rapidly growing global blockchain with a focus on cybersecurity for digital payments & decentralized applications. Hashoshi reviewed DigiByte just five days ago.
(Sources: DigiByte and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "DigiByte will takeout the October 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "DigiByte will drop below the February 2019 low".
If you think DigiByte is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "DigiByte will stay in a trading range between the February 2019 low and the October 2018 peak until April 9".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST March 8 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.
DigiByte will takeout the October 2018 peak (6 voters as of 3 PM EST March 8: bleujay, bentleycapital, steemit.nemesis, shaunf, kunschj, galasek).
You won. Paid out from @maarnio1
DigiByte will stay in a trading range between the February 2019 low and the October 2018 peak until April 9 (17 voters as of 3 PM EST March 8: freiheit50, gregory-f, mellofello, barbadosso, crokkon, allyouneedtoknow, soundmoney, vicspics, reconnectnature, toofasteddie, mitrado, ace108, fullcoverbetting, steem-d-anlovnit, richard78624, diogosantos, simonjay).
DigiByte will drop below the February 2019 low (4 voters as of 3 PM EST March 8: diana.feuerberg, skepticology, mgood, sporttr).
I need to mention @stephenkendal on this post, because he is probably one of the biggest promoters of DigiByte.
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