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Bitcoin is in Bullish Correction Against Bearishness from the Highs 12/2/21

On a higher timeframe basis: We held exhaustion below at $29,075-6,905 with a $28,800 low and rallied $40,555. The decent trade back above $30,810 (-5 per/hour) has brought in $38,545 of the strength warned about above so far. The decent trade above $30,600 (-25 per/hour) has brought in $38,755 of the strength warned about above. The decent trade above $32,035 (-15 per/hour) projected this upward $3,500 (++). We have attained $37,520. The decent trade above $41,590-605 projected this upward $4,200 minimum, $11,500 (+) maximum. We have attained $27,7350. I warned we had an area of possible corrective exhaustion to contend with at $38,655-350. We held this with a $40,085 low and bounced $29,270. The decent trade above $42,830 brought in $26,525 of higher trade. These are ON HOLD. I would be aware of possible main corrective exhaustion levels at $53,860, $49,080-8,305, and lower—but if this a correction and not a trend, the likely timeframe for one of these to hold more than temporarily is not until after January 2nd. We held the $54,225-3,860 support/exhaustion area with a $53,600 low and have bounced $6,080.

On a lower timeframe basis: The roll over on 11/10 put this into a bearish correction against the move up from $28,800. I warned it should exceed $13,000 from the high of $69,355, which we are now $15,755 into. The decent trade below $63,285 (+15 per/hour) has brought in $9,685 of the decent pressure warned about below. The decent trade below $61,890 (+15 per/hour) has brought in $8,290 of the decent pressure warned about below. These are all ON HOLD. I warned the trade back above $55,375-825 will warn of another lower timeframe bullish correction, likely to last for days—we have seen $3,855 so far. Decent trade above $58,615 (-10 per/hour starting at 9:00am) will warn of decent strength, but at the same time I would warn there are areas of possible exhaustion (if this is a bullish correction and not a trend), that come in at $59,615, $61,475, $63,335 and higher. We held the lower of Tuesday and rolled over $2,930, and again yesterday with a $59,545 high and rolled over $3,555. Today has a good likelihood of seeing range expansion.

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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