Bertie has been too dull lately to deserve the top spot in the ‘touts’ list, but it has found its way there nonetheless because of a quirk in my publishing tool that I did not foresee when I published the latest updates later than usual on a Sunday. Be that as it may, this vehicle is still generating some excellent trading opportunities, mostly with ‘mechanical’ entries. The one shown is a textbook inversion that tripped a buy signal on the September 10 pullback to the green line. A somewhat riskier buy signal would occur on a retracement now to p=46,180. The stop-loss would be at 45,177. I suggest paper-trading this one unless you know what you’re doing. The D target at 49,371 can be used similarly. ______ UPDATE (Sep 20, 12:23 p.m.): Evergrande has sucked the speculative juices from even the hardiest lunatic vehicles, including this one. The ‘risky’ mechanical trade got crushed, along with the bullish reverse ABC pattern that had informed it. Bitcoin will continue to lead stock-market rallies, but keep in mind that these will be bear rallies, presumably offering us opportunities that will differ from what we’ve seen over the last decade.
BRTI – CME Bitcoin Index (Last:47,836)

- September 20, 2021, 2:58 pm
If true 5 years overdue.
That rhymes…