Crypto Contest December 3: Bloom

Bloom (Bittrex: BLTBTC) 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, Bloom began a wave one advance on September 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 1, and the red wave two (blue sub-waves a-b-c) correction ended on November 21. If this wave count is correct, Bloom should be heading next towards the November 1 peak in the red wave three.

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

Funnymentals

Bloom is a blockchain solution for secure identity and credit scoring. You can view the "latest" Bloom August episode below.

(Sources: https://bloom.co/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bloom will takeout the November 1 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bloom will drop below the September 13 low".

If you think Bloom is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bloom will stay in a trading range between the September 13 low and the November 1 peak until January 7, 2019".

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

You can upvote the comment until 3 PM EST December 6 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.