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!
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