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Crypto Contest February 9: Bitcoin Diamond

Asked by maarnio Promote - View in Steemit - Audit

Bitcoin Diamond (Binance: BCDETH) has broken out of the triangle pattern in the four-hour chart. nimet-n.png (Chart courtesy of (log scale))

Elliott Wave Analysis

In Elliott Wave terms, BCD began a wave one advance on January 7. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 15, and the red wave two (blue sub-waves a-b-c) correction ended on February 7. If this wave count is correct, BCD should be heading next towards the January 15 peak in the red wave three. nimet-n2.png (Chart courtesy of (log scale))


Bitcoin Diamond is a hard-fork of the Bitcoin network that made its debut in November 2017. Pro Crypto explained the coin earlier this year.


How Will Bitcoin Diamond Trade?

Bitcoin Diamond (Binance: BCDETH) four-hour chart by Tradingview. nimet-n3.png (Chart courtesy of (log scale))


I will be giving upvotes to the correct answers with minimum reputation of 25.


This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices.

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BCD will drop below the January 7 low (35.79%) 34 / 95
35.79% Complete (success)
BCD will takeout the January 15 peak (32.63%) 31 / 95
32.63% Complete (success)
BCD will stay in a trading range between the January 7 low and the January 15 peak until March 15 (31.58%) 30 / 95
31.58% Complete (success)

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