BITCOIN: BULLISH SIGNS ON THE HORIZON. Bullish sentiment increasing in the precious metals. And the "tired"Dow Jones a massive top?

Welcome my friends to this weekend look at the three markets we focus on, Bitcoin, the precious metals and the Dow Jones Industrials. Since first posting a market commentary in January, I feel confident in saying we have called every 10 percent or greater move in all three. The metals of course have been very much in a sideways pattern for months and is due to break out to the upside within 4 to 8 weeks.

Bitcoin: I have said repeatedly that once bouncing up to 7700 from 7150 there would be a lot of trouble going higher. I felt some sideways action was in order. See the chart below.

Sideways has been the pattern! You know I monitor sentiment and finally I'm seeing signs of "lessening optimism" for lack of a better term. We are true contrarians and with sentiment so "bullish" (80 percent traders long) You are not going higher here. But alas I am seeing the signs I need to see! Friday showed an uptick in shorts. Still there may well be a final nasty decline before we head higher, and it to may be 4-8 weeks away. See please the Morris Hubbartt chart below of BITCOIN TRUST.

I agree with Hubbartt and the chart above. There is a dramatic move coming in Bitcoin and I certainly hope Steem as well AFTER sentiment numbers improve. We are heading in the right direction.

The metals: Semtiment is improving I am looking for a big move upwards by September, possibly sooner with gold leading the way and silver then catching fire. Bottoming action is occurring in both in this seasonally low point of the year. Actually silver is acting just great. The SENTIMENT numbers are plenty good to support my forecast of 1450 gold with silver as high as twenty one by the end of this year!

I believe the gold and dollar seasonal this years plays out nicely! (charts above)

The DOW: after calling the bottom at 23,500 in April and stating, "buy for a move to 25,000" with 26,000 a distinct possibility, we would certainly be sellers on any strength. The don't worry be happy crowd is back in force. Believe if you will the non-truths you are being fed about unemployment, labor stats and the economy. Inflation is here with a vengeance and real trouble lies not far off on many fronts as mentioned in previous reports. Watch the dollar and China very carefully.

Wishing you all a great weekend, and thanks for the support. UPVOTE,FOLLOW,RESTEEM