Hello from CFT (our new video is out!),
Bitcoin,
Same triangle we have been showing for weeks. We think possibly what’s gone on here, we have had a lot of sideways, maybe move that « X » wave up there for an « X » wave triangle. Still looking for higher, indicators were friendly, still leaning on friendly, but we need to get a rally going.
If $34,300 down here, if this low gets taken out, then we could see further downside for a few weeks. So, watch that level for bullish invalidation.
On the Nasdaq QQQ,
We’ve been looking for the wave 4 to have ended. We still could come down here maybe and spring this low, but we think most of the correction is over; we will turn higher from here.
Dollar,
We’re looking to be short; Russia news has kept a firm bid on the Dollar, we’re still looking for a place to be short.
XAU,
Had a little buying climax last week, automatic reaction; we think a little sideways here before higher.
thank you
CFT Team.