Bitcoin is Bullish Unless we Fail Back Below Formation Below 3/1/22
On a higher timeframe basis: The roll over on 11/10 put this into a bearish correction/trend against the move up from $28,800. 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. The decent trade below $61,890 (+15 per/hour) has brought in $29,035 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: We held extension exhaustion at $34,550-355 with a $34,295 low and rallied $9,100 into a new bullish structure. I also warned trade back above $36,340 would warn of an early end to the downward structure and entry into a bullish correction/trend—we have seen $7,595.The decent trade above $42,375 (-12 per/hour) projects this upward $9,000 (+).If we break back below decently, look for decent pressure. Decent trade below $42,930 (-9 per/hour starting at 6:00am) will warn of decent pressure.
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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