BRTI – CME Bitcoin Index (Last:19096)

After shedding two round lots (from an original four) at 18062, the tracking position initiated a week ago with an explicit instruction to get long at exactly 16042 has produced a theoretical gain of $10,292. The underlying vehicle, listed under the symbol BRTI, is a CME product that aggregates order-book bids and offers from major exchanges.  If we are able to close out the remainder of the position at 22104, my original rally target, the total profit would be $16164.   Instead, to play it more conservatively, I’ll recommend exiting a third round lot at 20616, the Hidden Pivot target shown. The target is of smaller degree than 22104, and I expect a stall there or perhaps worse. If the order gets filled, the tracking position will still hold a single round lot for a potential ride to 22104.  This is the third bitcoin trade offered by Rick’s Picks and shared with followers of FXStreet.com.  The first produced a theoretical gain of about $2100; the second, a loss of about $400. _______ UPDATE (Dec 18, 5:56 p.m. EST): If you did the original trade and are still long two round lots, bid 17319 for two more round lots, stop 16219, good till noon Tuesday. This trade is intended only for those who have booked profits according to the guidance given above.