BitBay (BAY): Waiting for a Turn
SUMMARY
BitBay (BAY/BTC) has likely completed and confirmed a Cup & Handle formation as shown in the below chart. The right wall of the cup was an impulse wave with an obvious extended 5th! Hence, the likely reason as to why the decline was so deep towards the prior wave 2.
I believe the MACD is also coiling and ready to support the upcoming price reversal. The smaller pattern in blue on the price chart shows another Cup & Handle formation. The handle seems to be more like a downward wedge. Once complete, a price reversal would look quite aggressive!
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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I love Elliott wave.
This is a good opportunity
I like the pist you are sharing good information
Really this very important news✌
It seems to me that the lower the volume the less predictable TA becomes. It’s a risk vrs reward type thing on this one.
Thank you for this great read! Would you also be interested in reviewing World Wi-Fi project?