Crypto Contest March 22: Bytom

Bytom (Huobi: BTMETH) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Bytom began a wave one advance in January 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Bytom should be heading next towards the April 2018 peak in the red wave three.

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

Funnymentals

The Bytom blockchain project was launched to develop a protocol that could tokenize assets from the physical world and represent

About the author: Markus Aarnio

I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.