BIG BITCOIN SITS; WATCHES NEW BABY BITCOIN FLAIL; GOLD HOLDS & YAWNS. (8/2/17)

Bitcoin Gold

Welcome to our new streamlined format for Bitcoin vs Gold (and beyond) and look for additional changes over the coming weeks, including a new logo and more. 

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.

8/2/17 Closing Prices:

Bitcoin:  $2,690.95  (-$13.73)
Gold:  $1,267  (-$3.00)
Dow Jones Industrials:  22,016.24  (52.32)
S&P 500:  2,477.57  (+1.22) 

Nasdaq Composite:   6,362.65 
(-0.29)

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

Trading Summary Notes for Wednesday, 8/2/2017

  • Bitcoin has survived Aug. 1st…..so far. Uncertainty causes malaise
  • Bitcoin cash launched. So far no effect on “Big Bitcoin”. To early to tell where things will go
  • While all this shakes out it is best to be an observer.
  • Still a believer in BTC.
  • Buy the dips on bitcoin. Looks like a break above $3,000 (all time highs) is coming
  • Gold. Not much to say. Sleepy time
  • No changes on gold. Buy gold on dips against sell stop at $1,250
  • Gold looking to test $1,300. Solid momentum building
  • LONG TERM BULLISH ON BITCOIN & GOLD

No Current TRADING Positions

Past Market:



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