Crypto Contest July 29: Blue Whale EXchange

Blue Whale EXchange (Bittrex: BWXBTC) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, BWX began a wave one advance on July 22. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 23, and the red wave two (blue sub-waves a-b-c) correction ended on July 27. If this wave count is correct, BWX should be heading next towards the July 23 peak in the red wave three.

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

Funnymentals

Blue Whale EXchange is a decentralized ecosystem for the self-employed. You can watch their intro video below.

(Sources: Blue Whale EXchange and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

About the author: TIMM Trader

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