Bitcoin is Currently Holding Exhaustion 2/23/22
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 are currently holding final exhaustion at $36,405-5,645 with a $36,340 low and have bounced $2,895. This has the potential for starting this in a new bull structure. Decent trade above $43,290 (-10 tics per/hour starting at 10:00am) will project this upward $7,200 (++); but if we break above here decently and back below decently, look for 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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