Friday, October 29, 2021. Bitcoin – Stocks – $ – Metal – Our video is out!

Oct 29, 2021

Home 9 chart Analysis 9 Friday, October 29, 2021. Bitcoin – Stocks – $ – Metal – Our video is out!

Good morning from CFT (our video is out!). 

Bitcoin, Last week we talked about the rally possibly ending at $67,000 and ready for a small pullback. We still think we are in the midst of that. We have caught high-level support, but we’re watching this work a little lower, so our indicators give us a solid buy signal.  

On U.S. stocks, we talked about it continuing higher; we did go to a new high. We look for some consolidation, then further gains.

On the US Dollar, we talked about a move lower. We’ve got a rally today; we are still looking to sell short on this rally and a move down to 89.

Precious metals, we talked about a continued movement to the upside. We’ve got a selloff today, and we think we will catch support and turn higher at some point.

Have a good weekend. Thank you!

CFT Team