Good morning from CFT (our video is out!),
Bitcoin:
We have been monitoring a red wave 4, triangle, thinking that major lows were in, and we are headed to new highs. That is still the case.
With the recent strengths and almost no pullbacks, possibility wave 4 already ended, and we are headed to new highs right from here.
Again, everything looks really good, and we are holding gains, and it appears we are headed higher.
U.S stocks,
we had a sell signal a couple of weeks ago; things are still holding near the highs, so no buys nor sells; looking to be a buyer on our next buy signal.
Dollar,
We have been talking about continuing to work higher, which it has, we don’t see major strength, but we still see higher.
And XAU,
we are flat, as we had taken profits on shorts, and it still looks a little bit lower as the dollar rallies.
Have a good weekend and Thank You!!
CFT Team!