Bitcoin is overall bullish 10/18/21
On a higher timeframe basis: We held exhaustion below at$29,075-6,905 with a $28,800 low and bounced $34,725. I warned that holding theexhaustion area and settling back above the $30,205 low was an early warningthe macro move down from the high was likely over. The decenttrade back above $30,810 (-5 per/hour) has brought in $32,715 of the strengthwarned about above so far. The decent trade above $41,590-605 projected thisupward $4,200 minimum, $11,500 (+) maximum. We have attained $21,920. I wouldcaution that the $64,000-410 area is an area of possible exhaustion for themove up from $40,085.
On a lower timeframe basis: Failure back below $53,125 willwarn of a start to a bearish correction against the move up from $28,800 whichcould exceed $13,000. Decent trade below $55,795 (+15 per/hour starting at9:00am) should bring in decent pressure; but if we break below here decentlyand back above decently, look for decent short covering. Failure back below$59,900-295 will warn of pressure. 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 Moor
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