BTCUSD – Bitcoin (Last:84,150)

With no comment or explanation, I proffered the pattern shown over at Golden Meadow just to demonstrate that, for all its histrionics, Bitcoin is our little bitch, as easy to nail as half-inch balsa. The pattern is a uniquely gnarly rABC, and I won’t go into how I chose point ‘a’. Be that as it may, it has already triggered three quick, $6,000 winners and should continue to do wo reliably as long as the ‘c’ low holds.  The three trades include a conventional buy at the green line, a short at the red line, and a mechanical buy at the green line. It is currently on a fourth signal, a buy at the green line, but the rally will need to reach p=88,609 again before the trade can be declared a winner. Interest in Bitcoin at Rick’s Picks appears to be almost nil, but I am here if you need me.