Bitcoin has drifted as low as 92,000 since topping two weeks ago a micron from a Hidden Pivot target at 107,343 that I’d flagged. The target came with an explicit recommendation to get short there. Now an opportunity is taking shape to bottom-fish the 89,246 target shown, again with as tight a stop-loss as you can craft. The pattern has already delivered a theoretically profitable ‘mechanical’ short position from the green line (x=97,218), at least half of which would have been covered on the subsequent drop to p=94,561. The bottom-fishing trade looks pretty juicy to me, so I will not be sharing it with the public or non-paying subscribers. To avoid queering its Hidden Pivot magic, I would ask that you not share it either. BRTI is not a tradable vehicle, so plan on interpolating the target for use with BTCUSD, GBTC, or any other symbol of your choosing.
$BRTI – CME Bitcoin Index (Last:94,316)
