Crypto Contest August 9: Breakout
Breakout (BRKUSD) 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, Breakout began a wave one advance in December 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 8 this year, and the red wave two (blue sub-waves a-b-c) correction ended on July 1. If this wave count is correct, Breakout should be heading next towards the January 8 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
One use case for Breakout Coin is planned by Breakout Gaming, a company specializing in online gaming. Cody Pavlak reviewed the coin back in January.
(Sources: http://www.breakoutcoin.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Breakout will takeout the April 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Breakout will drop below the July 2017 low".
If you think Breakout is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Breakout will stay in a trading range between the July 2017 low and the April 2018 peak until September 13".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST August 12 and you can upvote only one comment. 50% of 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
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.
Breakout will stay in a trading range between the July 2017 low and the April 2018 peak until September 13 (23 voters as of 3 PM EST August 12: bleujay, skepticology, bentleycapital, crokkon, allyouneedtoknow, positivebalances, misalen, kanoe, steemit.nemesis, toofasteddie, costanza, amity123, lucasgabd, steem-d-anlovnit, mike11, giddyupngo, punjolife, marverick984, mirda, diogosantos, mitrado, karadere, rothberg).
Breakout will drop below the July 2017 low (20 voters as of 3 PM EST August 12: sqlinsix, gregory-f, glennolua, simonjay, vicspics, milano1113, starline, reconnectnature, cryptotem, revelationquotes, pario, mgood, biomanu, catchup, galasek, mellofello, fullcoverbetting, portillo, richard78624, coolthings).
You won. Paid out from @maarnio1
Breakout will takeout the April 2018 peak (7 voters as of 3 PM EST August 12: lydon.sipe, kunschj, barbadosso, tzap90, techlife, chotho, sporttr).
Just a thought on your fun game @maarnio, rather than a $0.01 vote, you might try that with a minimum percent vote. It would benefit the smaller users, since larger users would have to do a higher percent.
For the record, I have no problem with 100% vote because I think games like this help the whole platform.
I am trying Bonus 2 now.
Thank you for the comment sqlinsix. I know at least one game with a minimum percent vote:
https://steemit.com/contest/@themovieplace/movie-rating-contest-76-we-the-animals-2018-giveaway-100-of-sbd-it-s-very-easy-to-participate
I will have to think about this.