BRTI – CME Bitcoin Index (Last:65,080)

I’ve included Bitcoin in this week’s list because the weekly chart is so clear and compelling, and therefore useful. The stall at p=48,015 has confirmed not only that the pattern and its ‘D’ target at 80,547 are ‘correct’, but that the latter will be reached. It should be used as a minimum upside projection, but also as a likely terminus for the bull market begun in 2020. That much is evident, given the ease with which buyers broke free of p’s gravitational pull when BRTI lifted off the launcher two weeks ago. FYI, this symbol provides the best bid/offer, in real time, across a wide swath of bitcoin vehicles and is not directly tradeable. _______ UPDATE (Mar 18, 4:37 p.m.): Bitcoin is still the unwitting bitch of Hidden Pivots. Vicious as its swings are, we shouldn’t kid ourselves that the little wuss is hard to trade. How easy is it to nail the swings?  Check out this chart_______ UPDATE (Apr 2, 10:59 a.m.): Bitcoin has been under ambitious distribution below 75,000 and will need to pull back significantly for running room if there’s going to be another leg up. How significantly? Probably below 55,000, at least. Here’s the chart.