Hello from CFT (our video is out!),
BTC:
Not much has happened since the last update; Bitcoin has stayed firm. So this triangle we have been showing forever is still in progress. The rally up for the wave “Y” should take some type of a-b-c type structure. But, again, it could take a lot of different forms. So we are watching that, but we still think we are in this triangle.
The bearish alternative is that if we give up that $42,500-42,600 level again, it could turn the picture a little more negative.
U.S. stocks,
same thing. We have been calling for new highs; we think that is still the case. Our indicators are kind of neutral; we will be a buyer on a dip.
U.S. Dollar,
We are bearish, looking to be short. No positions at the moment.
Precious Metals,
We have talked about sideways, before once again higher. We want to buy a dip.
Thank You!
CFT Team.