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Bitcoin is Bullish 2/15/22

On a higher timeframe basis: The roll over on 11/10 put this into a bearish trend. I warned it should exceed $13,000 from the high of $69,355—we have seen $36,500 of this. The decent trade below $63,285 (+15 per/hour) has brought in $30,430 of the decent pressure warned about below. We held exhaustion on a bullish correction of the move down at $59,545 and rolled over $26,690. We have come off $18,150 from the $51,005 close. These are ON HOLD.

On a lower timeframe basis: The decent above $38,510 (-20 tics per/hour), projects this upward $7,300 minimum, $9,100 (+) maximum. We have attained $7,395 so far before rolling over. We may have completed the lower timeframe bearish correction against the move up from the lows. We basically held the $42,035-1,805 exhaustion with a $41,560 low and have rallied $2,790. The trade above $42,660-780 has brought in $1,640 of the strength warned about above. Decent trade above $46,825 (+12 per/hour starting at 6:00am) will warn of decent strength. I warned today has a good likelihood of seeing range expansion—we have already exceeded yesterday’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.

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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