xBTC (Bittrex: WXBTCBTC) 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, xBTC began a red wave one advance on April 12. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on April 13 and the red wave two (blue sub-waves a-b-c) correction ended on April 17. If this wave count is correct, xBTC should be heading next towards the April 13 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
xBTC is a synthetic hedge against BTC’s dominance. You can watch their intro video below.
(Sources: https://xbtc.fi/)How Will xBTC Trade?
xBTC (Bittrex: WXBTCBTC) 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.
XBTC will takeout the April 13 peak
XBTC will drop below the April 12 low
XBTC will stay in a trading range between the April 12 low and the April 13 peak until May 25
