Bitcoin is bullish 08/09/21 | Kitco News

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On a higher time base: We have held the above depletion at $ 64,735 – $ 66,145 with a high of $ 65,520 which I believe could lead to a correction above $ 11,000. We’ve seen $ 36,720 so far. I said the decent breakout below $ 59,740- $ 685 would warn of some pressure to come. We’ve seen $ 30,885 so far. The spread held down on 04/19 hinted at a short-term bearish reversal above. We have reached $ 28,310. Decent trading below $ 58,080 (-10 per hour) generated $ 29,270 of renewed pressure. Decent trading below $ 53,965 (+10 per hour) projects that $ 4,300 low on the downside, $ 6,700 (+) high. We have reached $ 25,155. Decent trade below $ 47,535 (+25 per hour) predicted this low downward of $ 3,600, high of $ 10,600 (+). We hit $ 18,725 before hedging the low short. These are PENDING.

On a lower time base: We have held the exhaustion below at $ 29,075 – 6,905 with a low of $ 28,800 and a rebound of $ 17,380. I warned that maintaining the exhaustion zone and returning above the low of $ 30,205 was an early warning that the macro decline from the high was probably over. The decent trade returning above $ 30,810 (-5 per hour) has brought in $ 15,370 from the short hedge cautioned above so far. Decent trading above $ 30,600 (-25 per hour) brought in $ 15,220 from the strength cautioned above. Decent trade above $ 32,035 (-15 per hour) projects that $ 3,500 (++) rise. We have reached $ 14,145. Decent trade above $ 41,590- $ 605 projects this low to rise to $ 4,200, $ 12,300 (+) maximum. We have reached $ 4,575. If we go back below in a decent way, look for a decent pressure. It will rise to $ 41,605 to $ 600 today. CLICK HERE FOR THE FULL ARTICLE.

NOTE: This is only a small portion of the market calls that I provide to my clients twice a day in the Natural Gas and Energy / Gold complex. “Decent penetrations” are also specific amounts provided to clients on a daily basis. If you are interested, please do not hesitate to contact us.

Trading in commodities 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 subscribers’ business losses. No representation is made, declared or implied, that an investor will obtain results, profits or losses, even remotely similar to hypothetical results. Past performance does not in any way prejudge future results. The information provided in this newsletter should not be construed as an offer or a solicitation to sell any securities or commodities. Any copying, reprinting, distribution or distribution of this report of any kind is strictly prohibited without the express written consent of Michael Moor. Michael Moor may execute proprietary trading account transactions which may be consistent or inconsistent with the content of the newsletter. The contents, statements and views expressed in this publication are those of Michael Moor solely as an individual and are not attributable to any person or entity other than Michael Moor.

Disclaimer: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. This is not a solicitation to trade in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for any loss and / or damage resulting from the use of this publication.

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