
On a higher timeframe basis: We held exhaustion below at $29,075-6,905 with a $28,800 low and rallied $40,555. The trade back above $30,810 (-5 per/hour) has brought in $38,545 of the strength warned about above so far. The trade above $30,600 (-25 per/hour) has brought in $38,755 of the strength warned about above. The trade above $32,035 (-15 per/hour) projected this upward $3,500 (++). We have attained $37,520. The 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 trade above $42,830 brought in $26,525 of higher trade. These are ON HOLD.
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 $23,655 into. The trade below $63,285 (+15 per/hour) has brought in $17,585 of the pressure warned about below. The trade below $61,890 (+15 per/hour) has brought in $16,190 of the pressure warned about below. We held exhaustion on a bullish correction of the move down at $59,545 and rolled over $13,845. These are OFF HOLD. We held exhaustion below at $45,870-385 with a $45,700 low and bounced $3,800 before rolling over and bouncing off it again with a $45,415 low. The trade below $46,920 (-10 per/hour) warned of pressure, but the trade back above $45,700 has brought in short covering against this. The line will come in at $46,350 (-10 per/hour starting at 6:00am)—decent trade above will negate the pressure bias.
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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