On a 1 Day Timescale, I think we could potentially see a formation of a possible 3rd Elliot Wave
. We see some Elliot Wave
rules being followed for the first 2 waves, we have a strong support at 0.00078000 Satoshi. The downward movements have also seemed to be running out of fuel, we need to see a strong increase in volume
compared to the previous first wave movement. We have seen some small retracement between the 0.00076000-0.00085000 Satoshi Retracement. With incoming news of updates and app release to PAYBTC
Platform, I believe we will see a renewed focus & attention as seen before. I would advise to not long or short, but keep an eye on PAYBTC
for the Moment. Looking at Ichimoku
we can see a potential Kumo-Twist so we would want to pay.