Monday, June 13, 2022. Bitcoin – Stocks – $ – Metal – Our video is out!

Jun 13, 2022

Home 9 chart Analysis 9 Monday, June 13, 2022. Bitcoin – Stocks – $ – Metal – Our video is out!

Hello from CFT (our new video is out!),

BTC,
We talked last week about U.S. stocks meeting resistance and being overbought. We had expected a selloff, and we were going to accumulate more Bitcoin on that selloff. That has happened overnight. Stocks are down sharply; Bitcoin is down sharply here to $23,450. So we have added to our positions. We still have cash, and we will be doing more so on any weakness.
There is blood in the streets, and that’s when you want to be accumulating Bitcoin.

U.S. Stocks,
as mentioned, 318-319 stopped it cold, we have fallen to new lows. Indicators are near oversold, so we want to be a buyer in this market in the coming days.

US Dollar,
Short term, we thought the Dollar could rally some before turning lower. It has went to new highs, that keep us on the sidelines.

Precious Metals,
we talked about a break below 128, we would probably be a buyer, and that is the case. We do think precious metals we turn higher from here.

Thank You
CFT Team.