Crypto Contest September 13: Bitcoin Plus

Bitcoin Plus (XBCBTC) 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, Bitcoin Plus began a wave one advance in January 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June 2017, and the red wave two (blue sub-waves a-b-c) correction ended in August this year. If this wave count is correct, Bitcoin Plus should be heading next towards the June 2017 peak in the red wave three.

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

Funnymentals

Bitcoin Plus is a Proof of Stake cryptocurrency focused on security, privacy & efficiency. IamAahron reviewed the coin earlier this year.

(Sources: https://www.bitcoinplus.org/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitcoin Plus will takeout the April peak".

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

If you think Bitcoin Plus is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitcoin Plus will stay in a trading range between the August low and the April peak until October 18".

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

You can upvote the comment until 3 PM EST September 16 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.