BITCOIN explodes above resistance @ 7495 currently! Should we stay with the 'buy' of 5850 of late-June? The DOW to trend higher and a metals look. STATMAN'S commentary midday.

Good noon time my friends on the east coast of the USA.

Yes, we called "The Buy Zone" at 5850 BITCOIN issued exactly 19 days ago. You can look it up! IN fairness this former trader would have pulled the trigger and sold at about 6700, as I wrote. This is of course is a pleasant surprise for those holding long term as we like the chart (below) long term. Never have we been nearly as bearish as the majority of "WAVE" experts who kept you in BTC at 15,000 and waiting for 4000 and lower to enter!

The simple chart and SENTIMENT indicators I use said otherwise. What's up here?

The above chart (dailyfx.com) and the bottom chart above (barchart.com) clearly shows this well extended in need of a rest move. We are above the upper Bollinger Band and "should" in all probability pullback to 7000 maybe a bit lower! WE can stay up here for a short while. How do you not lighten up some IF you bought three weeks ago and have about a 30% return. WE like this market a lot longer term. NO problem HOLDING.

NIck Cawley of Dailyfx.com a very respected crypto analyst isn't believing this move is for real. He attributes it largely to BlackRock and Coinbase news! I see sentiment not nearly good enough to support this move on its own. Certainly do NOT jump in here and buy.

The DOW-JONES should continue higher and (25210 presently) find some problems around the recent high of 25400.
We said SELL at 26,200 in January not far off the high of 26,500.

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For now a challenge of 26,000 is very possible as we have said. WE said traders can buy at 24,100 one month ago. Me? I'd be out! I always had a hair trigger and too much so. I always knew when to buy and just enjoyed the profit a bit too much, (lol.) But you can stay with this one a bit longer, I believe.

IN Gold and SILVER nothing's changed. Yes it is frustrating. Please stay the course. We are going to be rewarded for patience. Below is another clue where silver is headed. India will this year be buying more silver than their previous record in 2015. The 2889 tons is just through April of this year. Just keep stacking!

I as always, appreciate your support. The opinions of course are mine. Please do your own 'due diligence'.

UPVOTE-RESTEEM-FOLLOW