{"id":5768,"date":"2021-03-26T15:31:08","date_gmt":"2021-03-26T15:31:08","guid":{"rendered":"https:\/\/cryptosfundtrading.com\/?p=5768"},"modified":"2021-09-30T10:26:56","modified_gmt":"2021-09-30T08:26:56","slug":"btc-stocks-metal-our-weekly-update","status":"publish","type":"post","link":"https:\/\/cryptosfundtrading.com\/fr\/btc-stocks-metal-our-weekly-update\/","title":{"rendered":"BTC-Stocks-$ – Metal. Our weekly Update!"},"content":{"rendered":"

Hello from CFT (our video is out!),<\/p>\n

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We’ve got the 4 hour Bitcoin in front of us.<\/p>\n

Last week we were looking for further correction; we were up there around $57,000. We did come down to almost $50,000 yesterday, and at that point, our indicators had been friendly on Bitcoin, so the preferred count is definitely a triangle. So on the way down, our ALGO was short from $56,300, covered\/took profit at $52,300, and actually went long a little bit ago at $53,200, basically the current price. Our spot positions are also long with Ethereum and Bitcoin. So, we are now looking for a higher and a wave rally in this D triangle, and as mentioned, our Wyckoff indicators got friendly at the lows, and we expect them to help us rally up into this wave D high.<\/p>\n

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If we go to U.S. stocks,<\/p>\n

in U.S. stocks, as you know, we have been bearish, yesterday once again; our Wyckoff indicators got bullish on stocks, so we did go long a few stocks, and we covered our shorts on the S&P. So we’ve got a rally today, and we are still looking for higher.<\/p>\n

We thought maybe new highs in the S&P and the Dow, and a recovery bounce in the Nasdaq. Then at that point, we were looking for a sell to have lower prices on U.S. stocks still.<\/p>\n

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If we go to the U.S. dollar,<\/p>\n

last week we were around 92.10, and we had said we looked for higher prices, and we have gotten that. Indicators are still a little friendly, so we think it presses a little bit higher before we exit our long positions.<\/p>\n

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In the same light, we are still short the precious metals,<\/p>\n

We’ve had a nice selloff in the last week, we were hoping for another new low below 128, and then we will cover our shorts in the metals.<\/p>\n

PS:<\/p>\n

That is a very bearish Elliott Wave Roadmap for stocks.
\nOur signals are very good looking out 1-3 months so we will follow them religiously short term to guide us. But we do believe there is a large correction incoming to correct the large advance from March of last year.
\nIf that played out in stocks, then we believe Bitcoin would have a very large correction as well.<\/p>\n

Have a good weekend! Thank You<\/p>\n

CFT Team!<\/p>\n