I’ve raised the target slightly, to 109,344 to correct a small error in one of my coordinates. If you trade Bitcoin, please know that I am still quite confident the target will be achieved. It also promises to deliver a high-odds short, a trade I am recommending especially to those of you who have made money with my target on the way up. If you do the trade and BTC reverses from our number, be sure to nail down a partial profit on a relatively small move. The remainder of your position can be held for more slippage to 104,191 or even lower. An additional trade possibility using this pattern would be to get long ‘mechanically’ on a pullback to p=104,191, stop 102,474. _______ UPDATE (Jun 29, 8:57): This is a bloody damned nightmare! Tradestation keeps fiendishly shifting my coordinates, changing not only the targets and Hidden Pivot levels, but also the recommended trades. Each time, I’ve had to revise not only the text, targets and instructions, but the chart as well. To make matters worse, my laptop has an electrical grounding problem that just erased the most recent revision/update of this tout. I have corrected everything above, including the chart, for the fourth time, so please take note of this. _______ UPDATE (Jun 30, 9:58 a.m. EDT): With a certified IQ of 68, Bitcoin is playing hard to get. You’ll have noticed already that this morning’s top missed my 109,344 target by a whopping 0.4%. The shortfall denied us an excellent opportunity to get short, but new possibilities are a dime a dozen in this vehicle. The next lies at 106,291, where you can place a ‘mechanical’ bid, stop 104,680. The midpoint Hidden Pivot, p=107,900, would be a good spot to take a partial profit, but the trade is based on a rally target at 111,118. It will be in play if p=107,900 gets impaled. Here’s the chart. ________ UPDATE (Jul 2, 1:52 a.m. EDT): Bitcoin caught a 936-point bounce from 106,310, 20 points from where I’d suggested getting long (see above). It subsequently went lower, but the 111,118 target remains theoretically viable, since the so-far low occurred well above the 104,680 stop-loss. Feedback from subscribers would be helpful, since I have no idea how you are using my numbers.
BTCUSD – Bitcoin (Last:106,640)
