Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

GoldSeek Radio: Professor Laurence Kotlikoff and Bill Murphy, and Chris Waltzek

"Da Boyz" Drop the Hammer
By: Ed Steer

The Pension Train Has No Seat Belts
By: John Mauldin

Doug Casey says governments don't care about gold and GATA wears tinfoil hats
By: Chris Powell

Areas Of The World More Vulnerable To Collapse
By: Steve St. Angelo

Russia Is Boosting Gold Production and Reserves
By: Joanna Sawicka

Ethereum and Bitcoin: First Sign of Unravelling Cryptos
By: Ryan Wilday

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 1% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 6 15 2018
By: Ira Epstein

COT Gold, Silver and US Dollar Index Report - June 15, 2018


GoldSeek Web

Is Bitcoin Too Wild to Trade?

By: Rick Ackerman, Rick's Picks

 -- Published: Wednesday, 20 December 2017 | Print  | Disqus 

We hold a position consisting of two round lots with a cost basis that has been reduced by profit-taking to 14022. Entry came on December 8 via an explicit recommendation to get long at 16042. The paper-trade was offered mainly to demonstrate the ease and effectiveness of a tactic known by Rick’s Picks subscribers as a ‘mechanical’ entry. This set-up is designed to hold risk and reward constant at 1:3 from entry to exit.  My current price target is 22,101, a ‘Hidden Pivot’ resistance that is also my minimum upside projection for $BRTI, a non-trading CME symbol that aggregates the order books of some the most popular bitcoin exchanges. I am now recommending that traders exit a third round lot (from an original four) at 20616.

I will also recommend bidding 15671 for two round lots, stop 14021, good through Friday. This would double the size of our position. An attempt to do so on Tuesday morning at 17319 got timed out with a noon expiration. Please note that these trades are being offered on this site and at as paper trades to help allay skepticism that bitcoin can be tamed for trading purposes. As more such trades are offered in the future, I would suggest that you keep score of profits and losses based on whether my recommendations would have worked for you personally. In general, my instructions will be detailed, explicit and timely, and entry will almost invariably be by way of a limit bid. If you don’t subscribe but want to join in the fun, click here for a two-week free trial to Rick’s Picks, including access to a 24/7 chat room that draws great traders from around the world


| Digg This Article
 -- Published: Wednesday, 20 December 2017 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2017 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of, its affiliates or advertisers. makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.