BitCrystals has broken out of the daily triangle pattern.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, BitCrystals began a five wave (sub-waves i-v) advance on January 4. The wave five ended on January 29, and the three wave correction finished on January 31. I believe BitCrystals is currently in the wave three of larger degree, which should takeout the January 29 peak.
(Chart courtesy of Tradingview.com)
You can find my longer term analysis on BitCrystals from here:
https://steemit.com/bitcrystals/@maarnio/crypto-contest-december-26-bitcrystals
Disclosure: I am/we are long BitCrystals.
If you think this analysis is correct, upvote this post and upvote the comment "BitCrystals will takeout the October 10, 2016 peak".
(Chart courtesy of Tradingview.com)
If you think this analysis is wrong, upvote this post and upvote the comment "BitCrystals will drop below the January 4 low".
If you think BitCrystals is in a range, upvote this post and upvote the comment "BitCrystals will stay in a trading range between the January 4 low and the October 10, 2016 peak until March 1".
You can upvote the comment until 3 PM EST February 2 and you can upvote only one comment. 200% of Steem (2 X 0.158 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.
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