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Bitcoin is Bullish 4/12/21

On a higher timeframe basis: This is in an overall bull market/trend. We came 200 shy of exhaustion at 61425-50 with a 61225 high and rolled over 10865 into a bearish correction against the move up from 4210, but this is now complete. The decent trade above 60000-50 has brought in 1895 of the strength warned about above; but if we break back below decently, look for decent pressure to come in. I would be aware of a possible significant exhaustion area above at 64735-66145—if we hold this, we could see this roll over into another correction.

On a lower timeframe basis: The decent break above 54775 (+20 per/hour) brought in 7170 of the strength we were looking for above. The decent trade above 55370 (-35 per/hour) also projects this upward 5000(+). We have attained 6575 so far. The decent trade above 56890 (-20 per/hour) projects this upward 4000 minimum, 11250 (+) maximum. We have attained 5055 so far. The trade back above 57450-57155 brought in 4495 of strength so far.

NOTE: Bitcoin MINI Futures being launched on May 3rd…

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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