Bitmark has broken the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Bitmark has completed five waves from the May 18 low. The five wave advance ended on the September 24, and the three wave correction finished on the December 4. Assuming that this wave count is correct, Bitmark should be heading next towards the September 24 peak.
(Chart courtesy of Tradingview.com)
In the weekly chart, I believe Bitmark is in the wave three (sub-wave iii). The wave one started in January, and ended in March. The wave two correction finished on the May 18.
(Chart courtesy of Tradingview.com)
Looking at the monthly chart, Bitmark is most likely in the wave three. The wave one started in June 2015, and finished in September 2015. The wave two correction ended in January 2016.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Bitmark.
If you think this analysis is correct, upvote this post and upvote the comment "Bitmark will takeout the October 18 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Bitmark will drop below the December 4 low".
If you think Bitmark is in a range, upvote this post and upvote the comment "Bitmark will stay in a trading range between the December 4 low and the October 18 peak until January 12, 2017".
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