No fewer than six times have bulls gotten trapped on fake rallies since early July, and so they’ve finally given up. Friday’s breakdown implies the Sep Micro Bitcoin futures are now bound for at minimum 18.875. Trade this target with a bearish bias until the midpoint Hidden Pivot support is touched, then reverse the position using a ‘camo’ trigger on the 15-minute chart or less. A one-level move would be worth about $800/contract. If there is sufficient interest in the chat room if and when the trade approaches, I’ll furnish coordinates for doing this in real time. The switch from $BRTI to a vehicle that is actually tradeable rather than a prixy is intended to revive chat room interest in it.
$MBTU22 – Sep Micro BItcoin (Last:21.25)