$BRTI – CME Bitcoin Index (Last:16492)

Rick Ackerman Rick’s Picks

Bitcoin tripped a ‘buy signal on Friday at 16,045 for a bull play to as high as 22,104 over the next 2-3 weeks. These prices are based on CME’s Bitcoin Real-Time Index, which tracks the order books of numerous constituent exchanges. The chart shown, with the Tradestation symbol $BRTI, indicates minimum upside over the near-term (i.e., 2-4 days) to 18,065, the ‘midpoint Hidden Pivot’ of the ABC rally pattern. Ordinarily we do not use ‘raw’ buy or sell signals such as the one noted above to initiate trades; rather, we convert them to proprietary ‘mechanical’ trades that rigorously control risk:reward in a 1:3 ratio. If you are interested in learning more about this or receiving Rick’s Picks intraday trading alerts, consider subscribing to the daily online service via a free two-week trial subscription at www.rickackerman.com.

UPDATE (Dec 13, 8:44 p.m. EST): The ‘mechanical’ buy signal mentioned above triggered today on the pullback to 16042. Since the required stop-loss at 14021 implies entry risk of at least $2021, I’ll suggest paper trading this one to get a feel for my tactics before you use real money to tango with this rabid weasel. It means to hurt.

Author

Rick Ackerman

Rick’s Picks

Barron’s once labeled Rick Ackerman an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case.

GBP/USD remains in two-day highs around 1.3260

GBP/USD adds to Friday’s bounce, gathering fresh traction and flirting with the 1.3270 zone on Monday, or two-day tops. Cable’s decent advance comes despite the move higher in the Greenback and investors’ assessing of UK PM K. Starmer's resignation.

EUR/USD remains offered; focus is on 1.1400

EUR/USD rapidly gives back Friday’s rebound and trades with marked losses near 1.1420, or three-month lows, in the latter part of Monday’s NA session. The pair’s intensifies its retracement following the continuation of the robust upside momentum in the US Dollar. Next on tap will be preliminary PMIs the Germany and the Euroland.

Gold trades below $4,200 on hawkish Fed bets, bullish USD

Gold struggles to capitalize on the previous day's modest gains and edges lower during the Asian session on Tuesday. Firming expectations for a Fed rate hike and geopolitical uncertainties help the US Dollar to stand firm near its highest level since May 2025, undermining bullion. However, bearish Oil prices ease concerns about inflation and prospects for more aggressive tightening by central banks, which should limit losses for the yellow metal.

NYSE parent ICE, OKX partners to expand tokenized equities and digital asset markets

The New York Stock Exchange parent company, Intercontinental Exchange, and crypto exchange OKX have formed a joint venture to develop infrastructure for tokenized and blockchain-native financial products, according to a statement on Monday. The venture will seek to operate as a US-registered broker-dealer and futures commission merchant, subject to regulatory approvals.

Is Shiba Inu dead or just in a crisis? The data behind SHIB's 95% crash

SHIB, the dog-themed meme coin that became one of the biggest success stories in crypto and turned early buyers into crypto millionaires, is facing tough times. Its price has fallen more than 32% so far this year, and it is down 95% from its all-time high in 2021. Is SHIB simply another fading meme coin, or is the market overlooking a possible recovery story?

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.