Crypto Contest March 8: Enigma

Enigma (Bittrex: ENGBTC) 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, Enigma began a wave one advance in December 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Enigma should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Enigma is building a privacy layer for the decentralized web. You can read their latest Twitter AMA below

Crypto Contest March 7: Einsteinium

Einsteinium (Bittrex: EMC2USD) 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, Einsteinium began a wave one advance in January 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in February this year. If this wave count is correct, Einsteinium should be heading next towards the December 2017 peak in the red wave three.

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

Funnymentals

Einsteinium runs on the Proof-Of-Work scrypt algorithm. The next block reward halving will happen in 15 days.

(Sources: Einsteinium and Einsteinium

Crypto Contest March 6: Kore

Kore (Bittrex: KOREUSD) 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, Kore began a wave one advance in August 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Kore should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Kore promotes transactional anonymity for financial transactions as well as phone calls, web surfing, a cross platform operating

Crypto – return of the contrarian indicator markets?

Read carefully, If I’m right about this then it’s big news.

As an asset class, cryptocurrencies have yet to establish their independence. They have yet to prove themselves to the markets of the world. I think that the time for crypto to gain serious recognition and credibility in the eyes of the world may be upon us.

For the purpose of this article I’m going to use Bitcoin as a representative of cryptocurrencies as a whole.

History

In the past BTC has tracked the movements of the major stock market indicators. After studying this phenomenon for some time, I found that it seems to

Crypto Contest March 5: DigiByte

DigiByte (Bittrex: DGBBTC) 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, DigiByte began a wave one advance in March 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in July 2018, and the red wave two (blue sub-waves a-b-c) correction ended in February this year. If this wave count is correct, DigiByte should be heading next towards the July 2018 peak in the red wave three.

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

Zooming out in the weekly chart, I believe DigiByte is currently in the red wave three (blue sub-wave

Crypto Contest March 4: GeoCoin

GeoCoin (Bittrex: GEOUSD) 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, GeoCoin began a wave one advance in August 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in February this year. If this wave count is correct, GeoCoin should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

You can collect GeoCoin just by going to a location on the surface of the earth. More details in

Crypto Contest March 3: QLC Chain

QLC Chain (Binance: QLCBTC) 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, QLC began a wave one advance on December 9, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 15 this year, and the red wave two (blue sub-waves a-b-c) correction ended on January 28. If this wave count is correct, QLC should be heading next towards the January 15 peak in the red wave three.

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

Funnymentals

QLC Chain is a public blockchain to enable decentralized Network-as-a-Service. Rock The Block Live interviewed

Crypto Contest March 2: Basic Attention Token

Basic Attention Token (Bittrex: BATBTC) 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, BAT began a wave one advance in September 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in November 2018, and the red wave two (blue sub-waves a-b-c) correction ended in February this year. If this wave count is correct, BAT should be heading next towards the November 2018 peak in the red wave three.

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

Zooming out in the weekly chart, I believe BAT is currently in the red wave three

Crypto Contest March 1: Ripio Credit Network

Ripio Credit Network (Binance: RCNBTC) 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, RCN began a wave one advance in August 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in October 2018, and the red wave two (blue sub-waves a-b-c) correction ended in January this year. If this wave count is correct, RCN should be heading next towards the October 2018 peak in the red wave three.

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

Funnymentals

Ripio Credit Network is a global credit network based on cosigned smart contracts. Proof Suite reviewed

Crypto Contest February 28: Bytecoin

Bytecoin (Poloniex: BCNUSD) 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, Bytecoin began a wave one advance in November 2014. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Bytecoin should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Bytecoin is a private, decentralized cryptocurrency with an open source code that allows everyone to take part in