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Bitcoin is Bearish 12/29/21

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 $23,940 of this. The decent trade below $63,285 (+15 per/hour) has brought in $17,870 of the decent pressure warned about below. These are OFF HOLD. We held exhaustion below at $45,870-385 with a $45,415 low and bounced $6,785. This is ON HOLD. I warned in the Post Market Synopsis Monday that on the day this warned of pressure—we came off $3,705, and the trade at $48,555 also warns of a continuance of that pressure. If we trade below $45,700-415, I would warn at that point we would likely be in the last stretch of this bear structure with key exhaustion just below at $44,295-3,055. A break below $45,700-415 and settle back above would also warn of an early termination to the bear structure and likely entry into a new bullish correction/trend.

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

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