BITCOIN 7740 UP TO THE MINUTE CHARTS. "WE LIKE IT".....(don't chase). And commentary on the PRES vs. the FED and the dollar.

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

The chart above is from Dailyfx.com minutes ago with BTC 7740. Sentiment remains a bit too negative for my liking but actually better than 100 points lower! That is good news. Combine that with the nice double bottom you see completed about one week ago and you can see why I have written since the end of June at 5850 we would (then) buy.

Things are somewhat extended here as you can see by the chart above. A pullback is in order but it may not be much, perhaps only 7200 or so. We like the long term picture and NEVER felt we'd see much below mid 5000's as a good bottom after calling a top in January and a SELL at 15,000.

I feel you are seeing a top in the dollar and a serious decline is in order and begins sooner rather than later. It will spark the big rally in the metals I've called for September.

It would be awesome if the Seasonal for the dollars holds this 'season'. I feel it will.

Is the Fed being "politicized"? You have heard President Trump bashing the Fed and I've been reading a few authorities expecting Trump to just take over the FED and drop interest rates which in turn lowers the dollar and helps exports (for a while) until China retaliates. We are in a trade mess and you have seen nothing yet, my friends. Throw in a number of world wide "land mines" that can explode anytime from the financial crisis von Greyerz is calling for(and SOON), to IRAN (you've heard today's news) and a host of other things and I'm saying if you are not now protecting yourself (the precious metals investment) you will likely be sorry.

Thank you for your support and as always please do your own 'due diligence'. The opinions above are mine.

UPVOTE,FOLLOW,RESTEEM.