Bitcoin Correction Likely Complete, and we are Projected Higher Still 3/31/21
On a higher timeframe basis: This is in an overall bull market/trend. We were in a bearish correction within that against the move up from 4210. We came 200 shy of exhaustion above at 61425-50 with a 61225 high and rolled over 10865, but this is now likely complete.
On a lower timeframe basis: The decent break above 54775 (+20 per/hour) has brought in 5730 of the strength we are looking for above. The decent trade above 55370 (-35 per/hour) also projects this upward 5000(+). We have attained 5135 so far. The decent trade above 56890 (-20 per/hour) projects this upward 6410 minimum, 14560 (+) maximum. We have attained 3615 so far. If we break back below decently, look for decent pressure to come in.
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Bitcoin and Energy/Gold complex. 'Decent penetrations' are specific amounts provided to clients daily as well. If you are interested, please feel free to reach out.
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