{"id":6204,"date":"2021-07-16T20:32:34","date_gmt":"2021-07-16T18:32:34","guid":{"rendered":"https:\/\/cryptosfundtrading.com\/?p=6204"},"modified":"2021-09-30T10:23:09","modified_gmt":"2021-09-30T08:23:09","slug":"friday-july-16-2021-bitcoin-stocks-metal-our-video-is-out","status":"publish","type":"post","link":"https:\/\/cryptosfundtrading.com\/fr\/friday-july-16-2021-bitcoin-stocks-metal-our-video-is-out\/","title":{"rendered":"Friday, July 16, 2021. Bitcoin – Stocks – $ – Metal – Our video is out!"},"content":{"rendered":"

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

Bitcoin has been sideways to lower, very quiet in the last week. \u00a0<\/span><\/p>\n

Our indicators did get friendly overnight, so we do think possibly we just completed a \u00ab\u00a0B\u00a0\u00bb wave, as shown on the chart. Which means we could see a rally to $41-42,000, then we’d want to reevaluate. Because that could lead to new lows below $28,500, or as a triangle we have been showing, it would be the \u00ab\u00a0B\u00a0\u00bb wave of the triangle and would see more sideways for the wave 4, before going to new highs.\u00a0 <\/span>So we are friendly and looking for higher from here.<\/p>\n

If we look at the Nasdaq as we have shown, June 3rd, we had a buy signal, we had a sell last week, we have had some weakness last 4-5 days, we do look for a little bit lower on stocks, then looking forward to our next buy signal, to see if we continue this melt-up in U.S. stocks.<\/p>\n

U.S. Dollar still looks higher to us; we were friendly coming into the week; somewhere here, we will look for a short term top, a couple of weeks pullback, then further strength to catch all the short in trouble.<\/p>\n

Precious Metals,<\/p>\n

we are still short and looking for lower.<\/p>\n

Have a good weekend and good trading. Thank You.<\/p>\n

CFT team!<\/p>\n