$9,000 In Rear View Mirror, BITCOIN Looks At $12,000; GOLD Shrugs Off 3% Interest Rate, Moves Up (4/24/18)

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.

4/24/18 Closing Prices:

Bitcoin:  $9,285.56  (+$382.02) 
Gold:  $1,332  (+$9) 
Dow Jones Industrials:  24,024.13 (-424.56)
S&P 500:  2,634.56 (-35.73)

Nasdaq Composite:  7,007.35  (-121.25)

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

Trading Summary Notes for Tuesday, 4/24/2018

  • BITCOIN moves above $9,000, gets ready to step up toward $12,000-$12,500
  • Upward momentum confirmed and bitcoin seems to be beginning another leg higher
  • This next leg begins with a new group of large players (Soros, Rockefeller, institutions, etc)
  • New highs by year end? Year end target………………$30,000-$35,000
  • Ten year treasuries hit 3%. GOLD sold off in ‘fear’ of that but rallies on actual rate rise
  • Interest rate NOT a worry, INFLATION INFLATION INFLATION
  • Inflation is being vastly under estimated. Inflation very bullish for gold
  • Another test of $1,350-$1,355 coming. A sold close above $1,355 VERY bullish
  • Looking for GOLD to move to $1,395-$1,400
  • 2018 TOP PICKS……LONG BITCOIN AND GOLD

CURRENT TRADING POSITION:  Long BITCOIN & GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time