Good morning my Steemian Friends. As written recently, things are getting interesting for BTC with an improvement in SENTIMENT. While not yet enough to generate in my estimation, a strong buy recommendation, for those truly long term oriented and having SOLD at significantly higher numbers in January above 15,000 and even May at 9750 as called, the crypto has enterred "the ZONE".
If you are a strong believer in Bitcoin and its future with prices significantly higher than initiate some buying here. But, please keep some "powder dry". The odds favor lower prices.
Remember folks, we called buy in April at 6900 and prices bottomed at about 6000! in May we took profits at the top at 9750. I like to get 75 % of a long term move.
SENTIMENT has shown a marked improvement. Still, we have too many traders "long"..(bullish). And, we are pure contrarians.
The DOW-JONES: I said yesterday at 24,000, enjoy the BOUNCE! It's been a good one thus far...earlier in the week we called another 300 point move precisely. Up 250 points this A.M. I may be missing a good one! SENTIMENT is quite good, i.e. the speculators are not jumping in so quickly on this one. So, it'll probably surprise to the upside!
We see for a myriad of reason a market in long term trouble. Nonetheless, 25,00 plus again would be no surprise here at all. We will stay with any new money committed to the precious metals. Despite any weakness of late, that is whre the next big market move is coming and we see it by September.
Have a great weekend. We'll have a more extensive look at the DOW, BITCOIN, and GOLD, SILVER and where OIL is likely headed in a weekend report. Thank you!