Crypto Contest August 22: Bytecent

Bytecent (BYCUSD) 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, Bytecent began a wave one advance in April 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January this year, and the red wave two (blue sub-waves a-b-c) correction ended on August 14. If this wave count is correct, Bytecent should be heading next towards the January peak in the red wave three.

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

Funnymentals

Bytecent is a peer-to-peer rewards network powered by blockchain technology. You can view the official teaser video below.

(Sources: http://bytecent.com/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bytecent will takeout the May 2018 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bytecent will drop below the August 14 low".

If you think Bytecent is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bytecent will stay in a trading range between the August 14 low and the May 2018 peak until September 26".

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

You can upvote the comment until 3 PM EST August 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

I will be sending one Trophy Token (@trophy-token) 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.