I wouldn’t touch this little hoax until it comes down to the 113,924 Hidden Pivot target shown. Bitcoin would be a spec buy there, tightly stopped, although I’ve masked the predictive pattern’s coordinates for reasons of confidentiality. Earlier, I’d expected a tantalizing low of 105,762 to materialize, but we’ve seen no such weakness. Does this portend an even higher top, as Bitcoin ascends to water-show heights for a 150-foot dive into a wet sponge? Perhaps. There is a good case for a bull-market high at 134,728, but you’d be foolish to hold out for more, no matter how strong the exhortations from pubescent experts who see the King of Cryptos rising into the zillions. _____ UPDATE (Aug 19, 1:05 p.m.): Check the chat room for an updated target (113,344, already exceeded slightly), and trading instructions. _______ UPDATE Aug 21, 1:08 p.m.): Sellers are crushing ‘concrete’ Hidden Pivot supports with ease. The next tradable ‘hidden’ support lies at 107,064, which can also serve as a minimum downside objective. If it shows little pluck, Bitcoin could be on its way down to as low as 89,595. That’s not far from a target aired here months ago that I came to view as unlikely to be achieved any time soon. Right now, though, pending confirmation by a breach of 107,064, it is looking like no worse than an even-money bet
BTCUSD – Bitcoin (Last:113,455)
