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Crypto Contest June 17: Bitcoin Interest by maarnio

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bitcoininterest · @maarnio · (edited)
$8.67
Crypto Contest June 17: Bitcoin Interest
Bitcoin Interest (BCIUSD) has broken out of the triangle pattern in the four-hour chart.
![nimetΓΆn.png](https://ipfs.busy.org/ipfs/QmX7Vn77Mzcna6p9WRRLGhbY1vqe7uXiDzbGtQrfqLxk7M)

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

**Elliott Wave Analysis**

In Elliott Wave terms, Bitcoin Interest began a wave one advance on June 1. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 5, and the red wave two (blue sub-waves a-b-c) correction ended on June 16. If this wave count is correct, Bitcoin Interest should be heading next towards the June 5 peak in the red wave three.
![nimetΓΆn2.png](https://ipfs.busy.org/ipfs/QmRbLJWNr4wjwfH6JttVfFkjtuFHLChwpLENo7eLh97rnJ)

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

**Funnymentals**

Bitcoin Interest is a competitive bitcoin hard fork where users can earn interest payments when they HODL their BCI coins. YLGV reviewed the coin in early May.

https://youtu.be/_HcPCH0QiEs

(*Sources: https://www.bitcoininterest.io/ and [YouTube](https://youtu.be/_HcPCH0QiEs)*)
![steemverify.png](https://ipfs.busy.org/ipfs/QmdAfzq4zLE9mrf92TnPADBptzixPXcJ68h8piptCZoCed)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitcoin Interest will takeout the June 5 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitcoin Interest will drop below the June 1 low".

If you think Bitcoin Interest is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bitcoin Interest will stay in a trading range between the June 1 low and the June 5 peak until July 23".

You can upvote the comment until 3 PM EST June 20 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

**Bonus**

I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
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vote details (152)
@beautypics · 
πŸ‘πŸ‘πŸ‘πŸ‘πŸ‘
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@coin.info · 
**Coins mentioned in post:**

Coin | | Price (USD) | πŸ“‰ 24h | πŸ“‰ 7d
- | - | - | - | -
**BCI** | Bitcoin Interest | 3.656$ | _-1.52%_ | _-23.94%_
**BTC** | Bitcoin | 6563.970$ | _0.84%_ | _-9.86%_
**BTS** | BitShares | 0.163$ | _1.16%_ | _-15.22%_
**SBD** | Steem Dollars | 1.304$ | _-0.64%_ | _-16.55%_
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@maarnio · (edited)
$1.14
Bitcoin Interest will takeout the June 5 peak (16 voters as of 3 PM EST June 20: bleujay, lydon.sipe, bentleycapital, komischername, bxlphabet, fitinfun, crokkon, jznsamuel, koskl, themovieplace, catchup, liberton, utkarshvarma, andy23, nzl19500, cosminblaga).
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vote details (19)
@maarnio · (edited)
$0.67
Bitcoin Interest will drop below the June 1 low (21 voters as of 3 PM EST June 20: sqlinsix, gregory-f, skepticology, mgood, positivebalances, steemit.nemesis, revelationquotes, milano1113, reconnectnature, vicspics, barbadosso, starline, erikaflynn, marverick984, portillo, what-is-life, punjolife, ragnaros, mitrado, jozef230, colon2018).
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vote details (25)
@maarnio · 
You won.
πŸ‘  
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vote details (1)
@mitrado · 
First one to vote. Again!
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@maarnio · (edited)
$0.52
Bitcoin Interest will stay in a trading range between the June 1 low and the June 5 peak until July 23 (38 voters as of 3 PM EST June 20: glennolua, simonjay, allyouneedtoknow, misalen, dlina-v-metrah, cryptotem, gospo, ahinga, kunschj, lucasgabd, steem-d-anlovnit, costanza, nicolaepavelean, toofasteddie, diogosantos, rothberg, flemingfarm, galasek, mirda, richard78624, mike11, tzap90, amity123, karadere, marcovugts, coolthings, biomanu, nordina, borban, sporttr, pario, askeb, techlife, chotho, photoquote, mihail.tsvetkov, funnel, alexandra2000).
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vote details (49)
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