On a higher timeframe basis: We held exhaustion below at $29,075-6,905 with a $28,800 low and rallied $38,880. This is ON HOLD.
On a lower timeframe basis: I NOTED: The break back below $65,520 was a WARNING we may see decent pressure which could last for days/weeks. We have seen $7,665 so far. This bias will be negated with trade above $67,680. This is ON HOLD. The decent trade above $60,740 how warns of renewed strength, and possible run for the high. This will come in at $60,800 (+5 per/hour starting at 9:00am). Decent trade back below will resume bearishness. Decent trade below $58,535 (+15 per/hour starting at 9:00am) will project this downward $3,200 minimum, $11,200 (+) maximum; but if we break below here decently and back above decently, look for decent short covering.
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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