Hello from CFT (our new video is out!),
Bitcoin,
A little higher than it was last week when we did our update. We did see a rally to $45,000, and a selloff late in the week again on the Russia news down to current prices. Our indicators are friendly down here, and also a little bit lower. We do look for Bitcoin to hold in here and still continue higher.
U.S. Stocks,
We’ve been calling for the green wave 4 low; we think that’s the case. We were looking for a low volume test, and we’re getting that now. We look for prices to hold and then turn higher.
Dollar,
We have been looking for a place to sell short. Haven’t done that yet; it was strong last week on Russia news. Will still be looking for it to turn lower.
Precious Metals,
We’ve been talking about it continuing higher; we do have it overbought here looking for a rest, and a slight pullback, before still higher prices.
Thank You, and have a good week trading!
CFT Team.