$4,000 FADING AWAY FOR BITCOIN; GOLD INCHES UP, HOLDING ABOVE $1,300 (9/19/17)

Bitcoin Gold

FintekNews compares the price of Bitcoin, Gold & Major Market Averages on a daily basis, and uses the Chicago Mercantile Exchange’s (CME) bitcoin indexes (BRR & BRTI) for bitcoin pricing.

9/19/17 Closing Prices:

Bitcoin:  $3,982.10  (-$90.69)
Gold:  $1,311  (+$4.00)
Dow Jones Industrials:  22,370.80  (+39.45)
S&P 500:  2,506.65  (+2.78) 

Nasdaq Composite:  6,461.32 
(+6.68)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Trading Summary Notes for Tuesday, 9/19/2017

  • BITCOIN’S sharp rally looks exhausted. Heading back down?
  • SOLD Bitcoin trading position at $4,007. To much negative move at the moment
  • May be looking at another sharp drop and a test of last week’s low.
  • GOLD holding above $1,300 AND our trading buy area of $1,305-$1,310.
  • U.S. Fed’s FOMC meeting wraps up tomorrow. No rate increase expected. Gold was worried about that.
  • Gold looks to resume upward move. Traders use stops $1,285-$1,290
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:  LONG GOLD

Past Market

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here

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