Bitcoin is bullish 10/11/21

By Kitco News / October 11, 2021 / www.kitco.com / Article Link

On a higher timeframe basis: We held exhaustion above with a$65,520 high, which I said could roll this into a correction exceeding$11,000-we have seen $36,720 so far. The decent break below $59,740-685 broughtin $30,885 of pressure. The maintained gap lower on 4/19 left the short-termbearish reversal above warned about. We have attained $28,310. The decent tradebelow $58,080 (-10 per/hour) has brought in $29,270 of renewed pressure. Thedecent trade below $53,965 (+10 per/hour) projects this downward $4,300minimum, $6,700 (+) maximum. We attained $25,155. The decent trade below$47,535 (+25 per/hour) projected this downward $3,600 minimum, $10,600 (+)maximum. We attained $18,725 before short covering off the low. These areON HOLD. On a lower timeframe basis: We held exhaustion below at$29,075-6,905 with a $28,800 low and bounced $28,830. The decent trade above$41,590-605 projected this upward $4,200 minimum, $11,500 (+) maximum. We haveattained $16,025. I would NOTE: we may be in the last stretch of this bullstructure upward-we are holding exhaustion at $57,665 with a $57,630 high-and afurther failure back below $53,125 will warn of a start to a bearish correctionagainst the move up from $28,800 which could exceed $13,000. If we take $57,665out, the argument for a corrective exhaustion against the move down fromApril's highs is negated. Beyond that we will have extension exhaustion levelsat $61,185-295 and higher. CLICKHERE FOR FULL ARTICLE. NOTE: this is just a small portionof the market calls I provide my clients twice daily in the Natural Gas andEnergy/Gold complex. 'Decent penetrations' are specific amounts provided toclients daily as well. If you are interested, please feel free to reach out.Commodities trading involves a substantialdegree of risk and may not be suitable for all investors. Michael Moor does notguarantee profits and is not responsible for any trading losses of subscribers.No representation is made, stated or implied, that any investor will achieveresults, profits, or losses, even remotely similar to hypothetical results.Past performance is by no means indicative of future results. Informationprovided in this newsletter is not to be deemed as an offer or solicitationwith respect to the sale of purchase of any securities or commodities. Anycopy, reprint, broadcast, or distribution of this report of any kind isstrictly prohibited without the express written consent of Michael Moor.Michael Moor may execute transactions in a proprietary trading account that maybe consistent or inconsistent with the contents of the newsletter. The content,statements, and viewpoints expressed in this publication are those of MichaelMoor solely in his individual capacity and are not attributable to any personor entity other than Michael MoorBy Moor AnalyticsContributing tokitco.com Follow @KitcoNewsNOWmike@moor-analytics.comwww.moor-analytics.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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