On a higher timeframe basis: We held exhaustion below at $29,075-6,905 with a $28,800 low and rallied $38,880. The decent trade above $41,590-605 projected this upward $4,200 minimum, $11,500 (+) maximum. We have attained $26,075. These are OFF 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 is now ON HOLD. This bias will be negated with trade above $67,680. We held exhaustion at $57,950 with a $57,855 low and bounced $9,005. The decent trade below $63,295 (-4 tics per/hour) brought in $2,435 of the decent pressure warned about negating it on GLOBEX. The decent trade below $62,930 (+55 per/hour) brought in $2,070 of decent pressure before rallying back above the $62,870 (+35 tics per/hour) line, which now warns of renewed strength—we have seen $4,085 so far. Decent trade below $60,295 (+15 per/hour starting at 9:00am) will project this downward $6,700 minimum, $11,200 (+) maximum; but if we break below here decently and back above decently, look for decent short covering. I warned in the Post Market Synopsis that today has a good likelihood of seeing range expansion—we have already more than doubled Friday’s range.
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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