Last week’s $7000 rally sputtered out $1000 shy of my 113,127 target, denying us an opportunity to reverse the position for the return trip south. The downtrend looks likely to achieve a minimum 106,020, a Hidden Pivot support you can bottom-fish with the tightest possible stop-loss. Confirmation of a likely reversal from very close to that number came with the precise bounce from the pattern’s 108,045 midpoint Hidden Pivot support (p=108,045). Use a tight stop-loss to get aboard, but be prepared for a tricky bottom, since the target coincides with a bunch of lows recorded one day last week.
BTCUSD – Bitcoin (Last:107,784 )
