Bitcoin is Bullish 9/2/21
On a higher timeframe basis: We held exhaustion above at $64,735-$66,145 with a $65,520 high, which I said could roll this into a correction exceeding $11,000—we have seen $36,720. This is ON HOLD.
On a lower timeframe basis: We held exhaustion below at $29,075-6,905 with a $28,800 low and bounced $21,785.I warned that holding the exhaustion area and settling back above the $30,205 low was an early warning the macro move down from the high was likely over. The decent trade back above $30,810 (-5 per/hour) has brought in $19,810 of the strength warned about above so far. The decent trade above $30,600 (-25 per/hour) has brought in $19,985 of the strength warned about above. The decent trade above $32,035 (-15 per/hour) projects this upward $3,500 (++). We have attained $18,550.The decent trade above $41,590-605 projects this upward $4,200minimum, $12,300 (+) maximum. We have attained $8,980. If we break back below decently, look for decent pressure to come in. The decent trade above $45,350 (-30 per/hour) warned of decent strength—we have seen $5,235 of this so far. These are OFF HOLD. The line we broke below at $47,410 (+30 per/hour) has not yet been violated. Although this has been on hold, I will no longer mention it as it has become distorted. The decent trade above $47,355 (-35 per/hour) has brought in $3,215 of the decent strength we are looking for above. I would be wary of key possible exhaustion areas above at $51,475-760 and $53,276-390.
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Natural Gas 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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