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Bitcoin is Still Short Term Bullish, but on the Verge of Failing a Formation 6/18/21


On a higher timeframe basis: We held exhaustion above at $64,735-$66,145 with a $65,520 high, which I said could roll this into a correction exceeding $11,000—we have seen $35,315 so far, but this ‘correction’ also has a trending structure to it. This is ON HOLD.


On a lower timeframe basis: We held exhaustion with a $30,205 low and rallied $10,395. The decent trade above $35,820 (+7 per/hour) has brought in $4,250 of the strength warned about so far. The decent trade above $36,510 (-20 per/hour) projects this upward $5,160 minimum, $7,000 (+) maximum. We have attained $5,515. Decent trade below $36,750 (-10 per/hour starting at 9:00am) should start to bring in 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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