Bitcoin's “Rally”: A Shorting Strategy Amid a Bull Run
Bitcoin's recent surge is testing bearish nerves, offering a high-risk but technically sound short setup.
Expert's Profile
Rick Ackerman
Phenomenally accurate forecasts for stocks and commodities
Most recent content
Gold: Beyond $2771 Amid Market Deception
With skeptics on the sidelines and unpredictable price action ahead, this rally could outsmart the crowd and leave doubters scrambling to catch up.
Approach / Strategy
What Is a Hidden Pivot?
When a stock's price fluctuates, it reflects the ongoing balance between supply and demand, likened to the natural flow of yin and yang. Stock movements resemble an "inhale" and "exhale" pattern, with each rise (zig) having a corresponding fall (zag).
Hidden pivots lie at key turning points within stock movements, helping determine price changes with precision, and they are “hidden” because they cannot be detected using such conventional technical tools as trendlines, support and resistance lines, Fibonacci levels, Gann angles, momentum oscillators or stochastic indicators. While Elliott Wave Analysis can offer similar insights, the hidden pivot method is simpler and more straightforward for traders to use.
Full Bio
Rick Ackerman is a seasoned trader, known for his 40+ years in the financial markets. He spent 12 years as an options market maker on the Pacific Coast Exchange and is now the editor and publisher of Rick's Picks, an online service for traders from novice to expert.
In the trading world, Rick is known for the unusual accuracy of his price predictions and for developing the Hidden Pivot Method that he uses to trade and forecast. His insights have been featured on CNBC, Bloomberg, and publications like Barron’s and The San Francisco Examiner. His provocative insights and timely trading calls have made him a frequent guest on shows hosted by Max Keiser, Greg Hunter, Corey Fleck, and Jim Goddard, among others. Ackerman also helped solve a famous pill-tampering case, earning recognition from the FBI.
If you want to make a positive change in the way you trade, then a good first step is to subscribe to Rick’s alerts on Golden Meadow, a vibrant community of trading and investing enthusiasts. Rick’s analyses are also featured in the long-running and celebrated Gold Price Forecast Alerts newsletter. Sign up today.