1X Short BitMax Token Token (FTX: BTMXHEDGEUSD) 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, BTMXHEDGE began a red wave A (blue sub-waves a-b-c) advance on February 2. The red wave A finished on March 13, and the red wave B (blue sub-waves a-b-c) correction ended on April 9. If this wave count is correct, BTMXHEDGE should be heading next towards the March 13 peak in the red wave C.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
1X Short BitMax Token Token (BTMXHEDGE) is an ERC20 token which seeks a return that corresponds to -1 times the daily return of BitMax Token.
(Sources: https://ftx.com/tokens/BTMXHEDGE)
How Will BTMXHEDGE Trade?
1X Short BitMax Token Token (FTX: BTMXHEDGEUSD) daily 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.
BTMXHEDGE will takeout the March 13 peak
BTMXHEDGE will drop below the February 2 low
BTMXHEDGE will stay in a trading range between the February 2 low and the March 13 peak until May 16
Posted via Steemleo
