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Bitcoin is Overall Bullish, but Holding Key Exhaustion Above 4/15/21

On a higher timeframe basis: The decent trade above $60,000-50 has brought in $5,470 of the strength warned about above; but if we break back below decently, look for decent pressure to come in, likely back down toward $55,680 (-). This will come in at $59,800-745 through Friday. I warned of a possible significant exhaustion above at $64,735-$66,145—if we hold this, we could see this roll over into another correction exceeding $11,000. We are so far holding this with a $655.20 high and have rolled over $3,955.

On a lower timeframe basis: The decent break above $54,775 (+20 per/hour) brought in $10,735 of the strength we were looking for above. The decent trade above $55,370 (-35 per/hour) also projects this upward $5,000(+). We have attained $10,150 so far. The decent trade above $56,890 (-20 per/hour) projects this upward $4,000 minimum, $10,500 (+) maximum. We have attained $8,630 so far. The trade back above $57,450-57,155 brought in $8,070 of strength so far. Friday has a good likelihood of seeing range expansion.

NOTE: Bitcoin MINI Futures being launched on May 3rd…

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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