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Crypto Contest November 29: Burst

Asked by maarnio Promote - View in Steemit - Audit

Burst (Bittrex: BURSTBTC) has broken out of the triangle pattern in the weekly chart. nimet-n.png (Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, BURST began a wave one advance in November 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June 2017, and the red wave two (blue sub-waves a-b-c) correction ended on November 26 this year. If this wave count is correct, BURST should be heading next towards the June 2017 peak in the red wave three. nimet-n2.png (Chart courtesy of Tradingview.com (log scale))

Funnymentals

With Burst and its Proof-of-Capacity algorithm, miners use free space on their hard drives to secure the network. You can watch their latest AMA below.

(Sources: https://www.burst-coin.org/)

How Will Burst Trade?

Burst (Bittrex: BURSTBTC) daily chart by Tradingview. nimet-n3.png (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.

You need to be logged in to vote for the polls. Click to log in via Steemconnect or alternatively you can vote with Keychain.

BURST will stay in a trading range between the November 26 low and the September 23 peak until January 4 (61.11%) 11 / 18
61.11% Complete (success)
BURST will drop below the November 26 low (22.22%) 4 / 18
22.22% Complete (success)
BURST will takeout the September 23 peak (16.67%) 3 / 18
16.67% Complete (success)

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