BRTI – CME Bitcoin Index (Last:14243)

This will likely be the last bitcoin trade I put out in 2017. We are four-for-five so far, racking up substantial paper gains with just one small loss over the last several weeks. This time I will recommend bidding 13,555 for a single round lot, stop 10,912. The is a day order, good till 4:00 p.m. EST Thursday. Please note that the CME symbol $BRTI is not directly tradable, since it represents an aggregation of order book bids and offers. Specifically, it reflects the highest unmatched bid and the lowest unmatched offer at a given instant on numerous trading exchanges. To ‘trade’ $BRTI, you would need to interpolate my numbers using your own favorite vehicle.  My point in disseminating these trades at Rick’s Picks and FXStreet.com is to demonstrate the usefulness and relative ease of ‘mechanical’ set-ups for initiating trades in vehicles that fluctuate violently.  A key feature of ‘mechanical’ trades is that they are always executed with limit bits (or limit offers when entering short positions), rather than stop-orders that can leave one uncertain as to whether an order has filled. The ‘mechanical’ trade is proprietary to my Hidden Pivot Method, and it is the tactic we have used most often in recent months to initiate trades in bitcoin and certain other rabid, pricey killers such as AMZN. ______ UPDATE (Dec 28, 5:47 p.m.): $BRTI plummeted nearly $2000 from its intraday peak, making a low at $13,562 that missed filling our bid by $7. It has since rallied $700  — alas, without us aboard. Oh, well, there will always be another opportunity.