Crypto Contest June 21: Bean Cash

Bean Cash (BITBBTC) 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, Bean Cash began a wave one advance on December 8, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 24 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 13. If this wave count is correct, Bean Cash should be heading next towards the February 24 peak in the red wave three.

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

Looking at the weekly chart, I believe Bean Cash is currently in the red wave three (blue sub-wave iii). The red wave three began on December 8, 2017.

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

Funnymentals

Bean Cash (Ticker: BEAN) is a re-brand of the digital currency and network, previously known as BitBean (Ticker: BITB). Their latest community conference was recorded on May 6.

(Sources: http://beancash.org/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bean Cash will takeout the February 24 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bean Cash will drop below the December 8, 2017 low".

If you think Bean Cash is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bean Cash will stay in a trading range between the December 8, 2017 low and the February 24 peak until July 27".

You can upvote the comment until 3 PM EST June 24 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.