top of page

Bitcoin is Bearish 1/21/22

On a higher timeframe basis: We held exhaustion below at $29,075-6,905 with a $28,800 low and rallied $40,555. The trade above $41,590-605 projected this upward $4,200 minimum, $11,500 (+) maximum. We have attained $27,7350. These are ON HOLD.

On a lower timeframe basis: The roll over on 11/10 put this into a bearish correction against the move up from $28,800. I warned it should exceed $13,000 from the high of $69,355—we have seen $31,240 of this. The decent trade below $63,285 (+15 per/hour) has brought in $25,170 of the decent pressure warned about below. The decent trade below $61,890 (+15 per/hour) has brought in $23,775 of the decent pressure warned about below. We held exhaustion on a bullish correction of the move down at $59,545 and rolled over $21,430. We have come off $12,890 from the $51,005 close. I said on 1/5/22 that we took out key exhaustion at $44,295-3,055, which suggests we may see additional lower trade—we came off over $4,715. These are OFF HOLD. The decent trade above $41,785 (-23 per/hour) brought in $1,760, and the break above $42,150 (-20 per/hour) another $1,395 before failing back below where the upper came in at $42,010 (-20 tics per/hour), taking the bear calls OFF HOLD and bringing in $3,895 of the decent pressure we are looking for below. We are approaching final possible corrective exhaustion at $37,480-300. Decent trade above $43,145 (-20 tics per/hour starting at 7:00am) will project this upward $5,000 minimum, $11,000 (+) maximum.

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.

Commodities trading involves a substantial degree of risk and may not be suitable for all investors. Michael Moor does not guarantee profits and is not responsible for any trading losses of subscribers. No representation is made, stated or implied, that any investor will achieve results, profits or losses, even remotely similar to hypothetical results. Past performance is by no means indicative of future results. Information provided in this newsletter is not to be deemed as an offer or solicitation with respect to the sale of purchase of any securities or commodities. Any copy, reprint, broadcast or distribution of this report of any kind is strictly prohibited without the express written consent of Michael Moor. Michael Moor may execute transactions in a proprietary trading account that may be consistent or inconsistent with the contents of the newsletter. The content, statements, and viewpoints expressed in this publication are those of Michael Moor solely in his individual capacity and are not attributable to any person or entity other than Michael Moor

bottom of page