Crypto Contest February 13: BitCrystals

BitCrystals (BCYUSD) 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, BitCrystals began a wave one advance on October 9, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 14 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, BitCrystals should be heading next towards the January 14 peak in the red wave three.

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

In the weekly chart, I believe BitCrystals is currently in the red wave three (blue sub-wave iii). The red wave three began on October 9, 2017.

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

Funnymentals

BitCrystals team's mission is to build an innovative gaming ecosystem where players have full ownership of their digital property on the blockchain. Here is one of their games (Spells of Genesis) general presentation.

(Sources: https://bitcrystals.com/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "BitCrystals will takeout the January 14 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "BitCrystals will drop below the October 9, 2017 low".

If you think BitCrystals is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "BitCrystals will stay in a trading range between the October 9, 2017 low and the January 14 peak until March 16".

You can upvote the comment until 3 PM EST February 14 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 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.

BitCrystals will stay in a trading range between the October 9, 2017 low and the January 14 peak until March 16 (39 voters as of 3 PM EST February 14: bleujay, sqlinsix, gregory-f, bentleycapital, heroic15397, positivebalances, soundmoney, glennolua, simonjay, kanoe, flemingfarm, crokkon, lucasgabd, komischername, twinner, mark.feuerborn, felixxx (did not vote the main post), catena, me-do, koskl, toofasteddie, starline, neo-wiza, mirda, cassidyandfranks, ahinga, cmoljoe, aschatria, kunschj, mihail.tsvetkov, cryptotem, ragnaros, nafazul, harryp3, akandadelwar, emma28, acehnature, freskil, incrediblesnow).

First, thanks for sending me a tip for January 12: Status, I just saw it.
I believe it will stay in a range as there is a big chance of the competition with alike assets.
Have a wonderful day!

You are most welcome.

Hi maarnio.. After analysis i think it ll stay in a trading range

BitCrystals will takeout the January 14 peak (20 voters as of 3 PM EST February 14: steemquestions, fitinfun, mister.green, anetchen, jznsamuel, mgood, bxlphabet, michaelluchies, themovieplace, carlosdaniel, criptorafa, richard78624, skepticology, nordina, andy23, helex, portillo, beiker, utkarshvarma, cata22).

BitCrystals will drop below the October 9, 2017 low (11 voters as of 3 PM EST February 14: gunsmithing, dlina-v-metrah, reconnectnature, coolthings, costanza, tzap90, diogosantos, photo-moment, barbadosso, mehta, abhicrypto).

I don´t follow BCY, but I´m basing my today prediction in the fact that BTC price has to come down once again before it goes to the moon, and when that happen I see BCY not holding that low of october and probably going a bit lower.