BRTI – CME Bitcoin Index (Last:48,099)

The 48,834 rally target we’ve been using is still tracking nicely, although it would take a decisive pop above p=38,822 to make the target an odds-on bet to be achieved. So far, buyers have merely head-butted the red line without penetrating it. Last week’s 18736 high came close enough, though, that any pullback to the green line (x=33,816) should be regarded as an opportunity to get long ‘mechanically’. The appropriate stop-loss would be at 28,809, a tick below the pattern’s point ‘C’ low.  I would like to track a second, cheaper crypto vehicle here, so please let me know in the chat room what your favorites are.  GBTC, the vehicle I’ve been using, has the drawback of trading only during daytime hours. _______ UPDATE (Feb 9, 1:23 p.m. EST): In GBTC, The gap through p=43.03 to start the week has all but guaranteed that D=57.70 will be reached. Given the high quality of the pattern, I would also expect a tradeable pullback precisely from that Hidden Pivot resistance. The equivalent target in $BRTI is 53,169. ______ UPDATE (Feb 10, 9:42 a.m.): No change. BRTI’s most recent leap came within 1% of the 48834 target, so it should be considered fulfilled. _______ UPDATE (Feb 11, 7:12 p.m.): Today’s bullish spasm hit 48,672, just 0.2% from my target, but it will take a two-day close above it to put 53,169 solidly in play.