Bitcoin is Bullish 4/5/21
On a higher timeframe basis: This is in an overall bull market/trend. We were in a bearish correction within that against the move up from 4210. We came 200 shy of exhaustion above at 61425-50 with a 61225 high and rolled over 10865, but this is now likely complete. Decent trade below 52605 (+15 per/hour starting at 6:00pm) will put this below a topping formation which will project this downward 8875 (++).
On a lower timeframe basis: The decent break above 54775 (+20 per/hour) has brought in 6225 of the strength we are looking for above. The decent trade above 55370 (-35 per/hour) also projects this upward 5000(+). We have attained 5630 so far. The decent trade above 56890 (-20 per/hour) projects this upward 5100 minimum, 13260 (+) maximum. We have attained 4110 so far. If we break back below decently, look for decent pressure to come in. This will come in at 54705 (-20 per/hour starting a 6:00pm). Trade below 57380-57155 should also bring in pressure earlier.
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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