We need to hold the Hold .382 fib
8 SATS has acted as a main Support/Resistance since 2015
We currently have less than two weeks of consolidation between 8/10 SATS
Breaking 11 will reverse the downtrend
Breaking 13 will start a new run higher (30 SATS)
If bears win it could go down to 6 SATS however there is a lot of demand at 9/10 SATS, not many want to sell into 8's as they know it'll be very risky to get back in.
My previous weekly post I stated going to 40, however I think we see 30 in September and 40 not until October.
8 SATS has acted as a main Support/Resistance since 2015
We currently have less than two weeks of consolidation between 8/10 SATS
Breaking 11 will reverse the downtrend
Breaking 13 will start a new run higher (30 SATS)
If bears win it could go down to 6 SATS however there is a lot of demand at 9/10 SATS, not many want to sell into 8's as they know it'll be very risky to get back in.
My previous weekly post I stated going to 40, however I think we see 30 in September and 40 not until October.
Comment:
Here we go! We seen a nice bounce off 8 sats and are testing a breakout! Not long before this thing takes off.
Comment:
We have been holding 8 SATS strong with a lot of accumulation going on ready for next move. It's hard to pin point and exact date but I'd say we are less than 2 weeks out!
We finally did break down past support to 7 sats but it bounced back rather quickly, built a base at 8 SATS and 9 SATS are being consumed.
There may still be time to get in at 8 SATS if you're patient.
We finally did break down past support to 7 sats but it bounced back rather quickly, built a base at 8 SATS and 9 SATS are being consumed.
There may still be time to get in at 8 SATS if you're patient.