Crypto Contest March 30: 3X Short Bitcoin Cash Token

in palnet •  5 years ago 

3X Short Bitcoin Cash Token (FTX: BCHBEARUSD) 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, BCHBEAR began a red wave A (blue sub-waves a-b-c) advance on February 14. The red wave A finished on March 13, and the red wave B (blue sub-waves a-b-c) correction ended on March 27. If this wave count is correct, BCHBEAR should be heading next towards the March 13 peak in the red wave C.

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

Funnymentals

3X Short Bitcoin Cash Token (BCHBEAR) is an ERC20 token which seeks a return that corresponds to -3 times the daily return of Bitcoin Cash.

(Sources: https://ftx.com/trade/BCHBEAR/USD)

How Will BCHBEAR Trade?

3X Short Bitcoin Cash Token (FTX: BCHBEARUSD) four-hour chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

BCHBEAR will takeout the March 13 peak

BCHBEAR will drop below the February 14 low

BCHBEAR will stay in a trading range between the February 14 low and the March 13 peak until May 3

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BCHBEAR will takeout the March 13 peak

This post has received a 51.52 % upvote from @boomerang.

flagging this for bid bot misuse @steemflagrewards @meesterboom
Your reward will be zero before payouts!

Why are you tagging me? Please don't

BCHBEAR will drop below the February 14 low

This post has received a 25.82 % upvote from @boomerang.

Correct. Upvoted your comment:
https://steemit.com/blockchain/@passat/q8bvq8

BCHBEAR will stay in a trading range between the February 14 low and the March 13 peak until May 3

BCHBEAR will drop below the February 14 low

BCHBEAR will drop below the February 14 low

BCHBEAR will drop below the February 14 low

BCHBEAR will takeout the March 13 peak

BCHBEAR will stay in a trading range between the February 14 low and the March 13 peak until May 3

BCHBEAR will stay in a trading range between the February 14 low and the March 13 peak until May 3

!shop
$trdo
!BEER
for you

BCHBEAR will takeout the March 13 peak

BCHBEAR will drop below the February 14 low

BCHBEAR will takeout the March 13 peak

BCHBEAR will drop below the February 14 low

Correct. Upvoted your comment:
https://steemit.com/palnet/@kutra/q8dglr

BCHBEAR will takeout the March 13 peak

BCHBEAR will drop below the February 14 low

  ·  5 years ago (edited)

.

Correct. Upvoted your comment:
https://steemit.com/blockchain/@sporttr/qb1irw

I'm prob too late, ignore this comment

  ·  5 years ago (edited)

This poll will expire in one week. So four days ago. But then again BCHBEAR dropped below the February 14 low already on April 2.

BCHBEAR will stay in a trading range between the February 14 low and the March 13 peak until May 3

BCHBEAR will drop below the February 14 low

BCHBEAR will stay in a trading range between the February 14 low and the March 13 peak until May 3

BCHBEAR will stay in a trading range between the February 14 low and the March 13 peak until May 3

BCHBEAR will stay in a trading range between the February 14 low and the March 13 peak until May 3