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BRTI – CME Bitcoin Index (Last:54,138)

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Bertie’s brutish poke through the 54,914 Hidden Pivot resistance shown here left little doubt about where its fat-cat sponsors are taking it next.  Shifting to a bullish ABCD pattern of higher degree yields a 64,871 target that should be used as a minimum upside projection for the near term. The nasty C-D leg has yet to gift bulls with a ‘mechanical’ buying opportunity, so we won’t count on one. Trading interest has all but vanished from the chat room lately, but I’ll be around as always if you want to bounce a timely idea off me.

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