BitBay has found the support at 464 satoshis, that is 127.2% Fibonacci applied to the corrective wave up after the 820 satoshi support breakout. The Fibonacci support has been rejected cleanly followed by a strong wave upwards.
The correction down followed along with the consolidation, where BAY/BTC has been trading around 500 satoshis nearly two weeks. But now volume in increasing once again and BitBay could be ready to go up.
The strong resistance is obviously at 820 satoshis and this could be the very fist upside target. Break and close above it should confirm long term uptrend.
The correction down followed along with the consolidation, where BAY/BTC has been trading around 500 satoshis nearly two weeks. But now volume in increasing once again and BitBay could be ready to go up.
The strong resistance is obviously at 820 satoshis and this could be the very fist upside target. Break and close above it should confirm long term uptrend.
Trade closed: target reached
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