BitMax Token (FTX: BTMXUSD) 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, BTMX began a red wave one advance on March 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 18 and the red wave two (blue sub-waves a-b-c) correction ended on November 8. If this wave count is correct, BTMX should be heading next towards the August 18 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the line chart, I believe BTMX is currently in the red wave three. The red wave one began in January 2019 and the red wave two correction ended on March 13 this year.
(Chart courtesy of CoinMarketCap.com (log scale))
Funnymentals
BitMax is a digital asset financial platform with trading for spot, margin, and futures. LiteLiger reviewed the exchange four months ago.
How Will BitMax Token Trade?
BitMax Token (FTX: BTMXUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers.
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 and comment below.
BTMX will takeout the August 18 peak
BTMX will drop below the March 13 low
BTMX will stay in a trading range between the March 13 low and the August 18 peak until January 15, 2021
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BTMX will stay in a trading range between the March 13 low and the August 18 peak until January 15, 2021
Correct.