BitBay (BAY/USD) Target $0.13 (202% Profit Potential); BAY/BTC Target 0.000027 (300% Profit Potential!!)....See the Analysis in THIS BLOG!!
SUMMARY
BitBay (BAY/USD) surged out of the symmetrical triangle and is now completing the requisite a,b,c correction. The ideal time to ladder in would be at the terminal end of such a correction. Thus, one can then ride blue waves iii higher and then blue wave v towards $0.13 for a 202% profit potential!
If you view the BAY/BTC pair, the uncanny similarity to the BAY/USD chart is amazing! This too has burst out of the Downward Pointing Symmetrical Triangle. Now await the terminal end of the a,b,c correction to come and ladder back into profits on 0.00002270 BTC target that holds 300% profit potential.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: 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.**
I'm slightly confused. If you say that BAY will gain 200% against the dollar but 300% against bitcoin, you are saying that bitcoin has to drop against the dollar.
However, you are really bullish on btc against the dollar (target $10k ish). How do these two line up?
Yes and yes. Not confusing if at that moment perhaps BTC will be correcting.
Ok. That makes sense. So coincidining with a btc correction. That now makes sense. Many thanks
i think if am correct, counters having btc would invest in this stock. we wont really be sure that people will be using btc or usd to buy, but that graph shows the btc falling down sharply with this counter..so i would take it as 200% and 300% equalise it = 250%
@haejin - good pick on bitbay - up over 6c today, looks like we could get up to 8c soon.
Excellent! Thanks a lot for the analysis!
thanks for the analysis. Upvoted and resteemed!
So for bitcoin this means we have to adjust our buy/sell to any change in BTC ya? So you have the high at .00002270 BTC, but if BTC goes higher, that number will get lower?
Up voted