Beware “The Trap Door”; BTC, ETH & GOLD Set to Fall Through “The Door” on Wash Out (6/26/18)

bitcoin gold


WE HOPE YOU ENJOY OUR NEW FORMAT FOR BITCOIN VS GOLD, INCLUDING A LINK TO THE NEW CME ETHEREUM INDEXES! 

By Bill Taylor, Contributor

We compare the price of Bitcoin, Ethereum, & Gold, using the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference.

6/26/18 Closing Prices:

Bitcoin: $6,173.72 (-$69.12) 
Ethereum: $444.33 (-$21.35) 
Gold: $1,258 (-$7) 
Dow Jones Industrials: 24,283.11 (+30.31)
S&P 500: 2,723.06 (+5.99)
Nasdaq Composite: 7,561.63 (+29.62)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
CME ETH_RR_USD Ethereum Reference Rate & CME ETH_RTI_USD Ethereum Real Time Index

Trading Summary Notes for Tuesday, 6/26/2018

  • TRADING; SOLD BITCOIN @ $6,178 TO CLOSE SHORT TERM TRADE
  • BITCOIN, ETHEREUM and GOLD have another bad day…….all off
  • Gearing up for a big flush out? Looking like it
  • Just as in market tops, exuberance reaches extreme buying frenzy
  • When the opposite happens, pessimism will go to extremes and a huge selling flush could occur
  • Be ready for EVERY crypto, bitcoin, etc bear to be out in the media claiming the end to crypto
  • Same for GOLD. The gold trash talkers will be out.
  • That’s the time to look to buy. In the middle of “ugly”
  • Cryptos, bitcoin, ethereum, gold…………….watch out. Shake out
  •  Long term bullish on BTC, ETH and GOLD. Fundamental story intact

CURRENT TRADING POSITION:  NO CURRENT TRADING POSITIONS




Bill Taylor is Managing Partner at Fintek Capital & a frequent contributor to FintekNews