BTCUSD – Bitcoin (Last:96,108)

Sellers dragged Bitcoin kicking and screaming toward a 91,263 target that was first signaled a month ago. This was shortly after this vehicle topped at a record 126,200 on October 6.  Although bull-market corrections often take a strong bounce from the secondary Hidden Pivot, in this case p2=99,997 produced only a modest bounce last week after it had been pounded for four days.  That suggests we should attempt a ‘mechanical’ short at the red line, p=107,731.  The textbook stop-loss would be at 114,554, but we can craft a much tighter stop with a ‘camo’ trigger if the opportunity arises. ______ UPDATE (Nov 14, 10:12 a.m.): In my zeal to conceal the top-secret coordinates yielding the target above, I somehow transposed one of them. The correct target is 91,358. Any lower would indicate 89,964, but you could bottom-fish either aggressively with a stop-loss as tight as 0.2%.  At the moment, Bitcoin is enjoying a lunatic bounce precisely from the secondary Hidden Pivot (p2=94,344) of the pattern associated with D=89,964.