Bitcoin fell by nearly $7,000 as last week wore on. This may sound like quite a pounding, but just look at the weekly chart if you want to see this puny correction in perspective. Notice that the 131,158 target first flagged here months ago lies within easy distance, as achievable as ever. And the word ‘pounding’ would be a misnomer, since there are no heavy sellers in the Bitcoin world, only deep-pocketed sponsors who occasionally pull their bids in order to bring bitcoin down to relative bargain levels. Bitcoin also remains easily tradable, since the Hidden Pivot Method thrives on volatility. Accordingly, I’ll suggest bottom-fishing at 110,270 with a tight stop if it gets down there, and shorting at 131,158, also with a tight stop, if you’ve profited on the way up. Incidentally, when I suggest using a tight stop-loss, my own method is to fashion a ‘trigger’ with an ABCD pattern taken from a small-interval chart. However you choose to limit entry risk, the potential loss should be held to whatever sum you carry in your wallet, even trading a vehicle with six-figure value.