Bitcoin shredded the 115,846 midpoint Hidden Pivot of the pattern shown with such easy aplomb that more upside to the 132,652 ‘D’ target is all but certain. The pattern is sufficiently gnarly that we can expect it to work for any and all purposes, including a ‘mechanical’ buy at x=107,442 (the green line) if BTC should swoon. Also, assuming you’ve been long on the way up, you can reverse the position and get short a D using a tight stop-loss fashioned with a reverse-pattern trigger on a lesser chart.
BTCUSD – Bitcoin (Last:117,586)
