Sunday, April 17, 2022. Bitcoin – Stocks – $ – Metal – Our video is out!

Apr 18, 2022

Home 9 chart Analysis 9 Sunday, April 17, 2022. Bitcoin – Stocks – $ – Metal – Our video is out!

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

BTC,
The triangle we have been monitoring for weeks. We thought maybe the “b” wave had ended last week up there around $42,800 or so. It has extended lower to $40,200. The “b” wave could still be ending here, so that’s what we are looking for. We’ll look for the rally up to $53-$54,000 again. Once again, the breakdown point is $37,300, where the green “x” wave ended.

U.S stocks,
We talked about being on a buyer a little lower last week, and we did get lower. Our indicators are getting down to friendly, so we’re going to be a buyer early in the week, looking for stocks to continue higher and drag Bitcoin higher.

Dollar,
We have talked about wanting to be short. We still want to do that; our indicators are overbought, and we look for this market to turn lower.

XAU,
We have talked about being friendly last few months. We do want a pullback closer to that 148 level to be a buyer. Currently we look for this market to turn lower.

Thank You!
CFT Team.