claytonvtec12

Clear Accumulation Phase

Long
BITTREX:SPNDBTC   None
SPND/BTC looks to have found a bottom around 38-40 Sats. Fib retracement is at the .236. There is definitely some accumulation going on. People are selling at 39-40 sats and then a few hours later price goes to 41-42 and back down. There is no volume coming in to move price beyond the 3 to 4 satoshi moves. I dont see this asset moving very far until Bitcoin volatility settles down and the daily macd negative momentum starts to wane. If you are patient buy in small quantities and build your position. Hold for a few weeks. Lots of room to run on the weekly. I almost sold because everything else was mooning and I wanted a piece of it, seems like that is what people are doing. They are tired of holding and are selling their position to run into something else that pumps. Patience is key for this asset.
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