Bitcoin’s violent price swings have grown tiresome, especially since they are failing to reach obvious Hidden Pivots in both directions. Friday’s trampoline low was predictable within less than 0.1%, but I won’t say any more than that, since I somehow managed to overlook a glow-in-the-dark feature of the chart that would have told me where to look for it. To get back on track, this week’s chart features the simplest pattern that can instruct us gainfully. I’ve blocked out its origins for proprietary reasons, but the segment shown tells us that if buyers pop this gas-bag decisively past the midpoint Hidden Pivot (p=117,605), it’ll be bound for a minimum 120,582 (p2), or d=123,560 if any higher.
BTCUSD – Bitcoin (Last:116,311)
