Sunday, February 27, 2022. Bitcoin – Stocks – $ – Metal – Our video is out!

Feb 28, 2022

Home 9 chart Analysis 9 Sunday, February 27, 2022. Bitcoin – Stocks – $ – Metal – Our video is out!

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

Bitcoin: Last week we were worried about a little bit of weakness with the Russia news. We did get that; we had a breakdown to the lows there around $34,350. We did see a reversal off of that low Thursday and Friday with the Russia news. We are leaning bullish here; our indicators were friendly at the lows. We think we’re possibly still in this triangle, looking for that rally up to 53,000 we have been talking about. As long as Thursday’s low at $34,350 holds, we are looking for higher.

U.S. stocks,
again we have talked about the green wave 4 ending. We still think the news from the war just gave us a deeper wave 4. We are friendly; indicators look like we have higher to go.

The Dollar,
We have talked about being short, with the upthrust there a month ago. We think probably we had a more important upthrust on the Russia news, and we still lean bearish on the Dollar.

Precious Metals,
We have talked about it rallying in the face of a weak Dollar; we think that is still the case.

Thank You, and have a good week!
CFT Team.