Crypto Contest September 9: Bitmark

Bitmark (BTMBTC) has broken out of the wedge pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Bitmark began a wave one leading diagonal advance in June 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in May 2017, and the red wave two (blue sub-waves a-b-c) correction ended in July this year. If this wave count is correct, Bitmark should be heading next towards the May 2017 peak in the red wave three.

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

Funnymentals

Bitmark is a decentralized reputation platform. CoinKorea featured the coin in April this year.

(Sources: http://www.bitmark.io/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitmark 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) "Bitmark will drop below the June 2015 low".

If you think Bitmark is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitmark will stay in a trading range between the June 2015 low and the April 2018 peak until October 14".

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

You can upvote the comment until 3 PM EST September 12 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.