Crypto Contest June 17: Bitcoin Interest
Bitcoin Interest (BCIUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Bitcoin Interest began a wave one advance on June 1. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 5, and the red wave two (blue sub-waves a-b-c) correction ended on June 16. If this wave count is correct, Bitcoin Interest should be heading next towards the June 5 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Bitcoin Interest is a competitive bitcoin hard fork where users can earn interest payments when they HODL their BCI coins. YLGV reviewed the coin in early May.
(Sources: https://www.bitcoininterest.io/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitcoin Interest will takeout the June 5 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitcoin Interest will drop below the June 1 low".
If you think Bitcoin Interest is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitcoin Interest will stay in a trading range between the June 1 low and the June 5 peak until July 23".
You can upvote the comment until 3 PM EST June 20 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.
Bitcoin Interest will takeout the June 5 peak (16 voters as of 3 PM EST June 20: bleujay, lydon.sipe, bentleycapital, komischername, bxlphabet, fitinfun, crokkon, jznsamuel, koskl, themovieplace, catchup, liberton, utkarshvarma, andy23, nzl19500, cosminblaga).
Bitcoin Interest will drop below the June 1 low (21 voters as of 3 PM EST June 20: sqlinsix, gregory-f, skepticology, mgood, positivebalances, steemit.nemesis, revelationquotes, milano1113, reconnectnature, vicspics, barbadosso, starline, erikaflynn, marverick984, portillo, what-is-life, punjolife, ragnaros, mitrado, jozef230, colon2018).
You won.
First one to vote. Again!
Bitcoin Interest will stay in a trading range between the June 1 low and the June 5 peak until July 23 (38 voters as of 3 PM EST June 20: glennolua, simonjay, allyouneedtoknow, misalen, dlina-v-metrah, cryptotem, gospo, ahinga, kunschj, lucasgabd, steem-d-anlovnit, costanza, nicolaepavelean, toofasteddie, diogosantos, rothberg, flemingfarm, galasek, mirda, richard78624, mike11, tzap90, amity123, karadere, marcovugts, coolthings, biomanu, nordina, borban, sporttr, pario, askeb, techlife, chotho, photoquote, mihail.tsvetkov, funnel, alexandra2000).
Coins mentioned in post:
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