Friday, October 22, 2021. Bitcoin – Stocks – $ – Metal – Our video is out!

Oct 22, 2021

Home 9 chart Analysis 9 Friday, October 22, 2021. Bitcoin – Stocks – $ – Metal – Our video is out!

Good Morning from CFT (our new video is out!).  

BTC did continue to work higher as expected. We have assaulted the $67,000 level; right now, we are $62K. Possibly the first subdivision of wave 1 is done to the upside in this purple wave 3 that we are showing. So we could see a little bit more sell-off before our indicators get bullish again, and we will look for continued higher.

U.S. stocks, we have talked about low being made there a couple of weeks ago.  We still think this market looks pretty good; We probably should continue to new all-time highs here as well.

US Dollar, we have talked about a top being made and a move down to 89, and we are still looking for that.  Indicators are a little bit oversold so that we could bounce here, but ultimately we think the Dollar continues to work lower.

And conversely, the XAU we have talked about a low being made and continuing higher, and we still expect that.

Have a good weekend. Thank you!

CFT Team.