B2Digital Inc. (BTDG)

[Scoutmaster]

The answer to your question is 'the Market Makers'.

All is not lost yet though. There was quite a bit of volume on the way up to the .0069 range. The majority of the selling was the MM's into the buyers. They have to get rid of that at some point if this is going to go higher.

If you look at the 50 SMA for the 30 min time frame you will see that it was down at .0041 on the day that there was over 10Mil on the first half hour on 8/5. It peaked today @ .0058. If you take those levels and add them together, then divide by 2 you will see the 50% retracement is .00495.

We see this has happened in a 2 week period which means that a week of retreat to bring down that 50 SMA for the 30 min time frame to about the .005 area would be normal and healthy for a rising market. You can do the same for the 50 SMA 60 Min time frame. If it reverses and goes higher than .0058 this dip would have been very healthy.

We will have to wait and see how this plays out. But, as I have said MANY times here, the MM's are in control and they will not release this until they have to... that means they ALL have their ducks in a row for it to go. If they are still short, then they will continue to drive it down even though they are supposed to be 'neutral'.

There has only been 16mil in volume today against over 200 Mil in the past 2 weeks.

It would be very positive for this to close the day between .005 and .0054.

SM