Bitcoin is overall bullish, but holding key exhaustion above 4/15/21
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On a higher timeframe basis: The decent trade above $60,000-50 has brought in $5,470 of the strength warned about above; but if we break back below decently, look for decent pressure to come in, likely back down toward $55,680 (-). This will come in at $59,800-745 through Friday. I warned of a possible significant exhaustion above at $64,735-$66,145—if we hold this, we could see this roll over into another correction exceeding $11,000. We are so far holding this with a $655.20 high and have rolled over $3,955.
On a lower timeframe basis: The decent break above $54,775 (+20 per/hour) brought in $10,735 of the strength we were looking for above. The decent trade above $55,370 (-35 per/hour) also projects this upward $5,000(+). We have attained $10,150 so far. The decent trade above $56,890 (-20 per/hour) projects this upward $4,000 minimum, $10,500 (+) maximum. We have attained $8,630 so far. The trade back above $57,450-57,155 brought in $8,070 of strength so far. Friday has a good likelihood of seeing range expansion. CLICK HERE FOR FULL ARTICLE.
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Gold and Energy complex. 'Decent penetrations' are specific amounts and provided to clients daily as well. If you are interested, please feel free to reach out.
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