Cryptocurrencies

Crypto Contest March 22: Bytom

Bytom (Huobi: BTMETH) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Bytom began a wave one advance in January 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Bytom should be heading next towards the April 2018 peak in the red wave three.

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

Funnymentals

The Bytom blockchain project was launched to develop a protocol that could tokenize assets from the physical world and represent them in the digital world on a decentralized network. You can read their latest weekly project report here.

(Sources: Bytom and Medium)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “Bytom will takeout the October 2018 peak”.

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “Bytom will drop below the December 2018 low”.

If you think Bytom is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Bytom will stay in a trading range between the December 2018 low and the October 2018 peak until April 26”.

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

You can upvote the comment until 3 PM EST March 25 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) or one Steem Monsters (@steemmonsters) card 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.

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