Big BIG Pop For BITCOIN; Not So Much For GOLD-Drops 10 (10/26/17)

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.

10/26/17 Closing Prices:

Bitcoin: $5,936.01  (+$411.36) 
Gold:  $1,267  (-$10)
Dow Jones Industrials:  23,400.86  (+71.40)
S&P500:  2,560.40 (+3.25) 

Nasdaq Composite:  6,556.77 
(-7.12)

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

Trading Summary Notes for Thursday, 10/26/2017

  • BITCOIN leaps up big on friendly comments from big investors
  • Threatens $6,000 again. Another up wave coming? Or………..??
  • Not so sure of this rally. Bitcoin could be forming a “head and shoulders” technical top
  • Bitcoin traders use caution
  • GOLD drops again. Very hard to get upside momentum going
  • Gold looks likely to test the $1,250-$1,255 area. Lets be a buyer in that area
  • LONG TERM BULLISH ON BITCOIN AND GOLD

Current TRADING Positions:  NO CURRENT TRADING POSITIONS

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here