Hello from CFT (our new video is out!),
Last week we were looking for stocks to have a selloff and pull Bitcoin down with it. That did happen into the $18,900 low yesterday. But then stocks have reversed higher, taking Bitcoin back to $20,900. So currently right now we are still 70% long in Bitcoin and Alts, and we are staying in our trading mode.
down around the 290 level, we had the sell signal. We did come down to 280 but right now, back to 290. Indicators are kind of neutral after being a little friendly at yesterday’s low. But we are going to wait for a better buy or sell signal.
We want to be short the U.S. Dollar, not getting an appropriate sell signal, so we are staying on the sidelines.
Conversely, XAU, we want to be long but not get a good buy signal. So we are staying on the sidelines there as well.
Thank You, and have a good weekend!