BIG JUMP 4 BITCOIN–NEW HIGHS; GOLD READY TO EXPLODE UP (8/17/17)

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.

8/17/17 Closing Prices:

Bitcoin:  $4,460.35  (+$345.28)
Gold:  $1,287  (+$4.00)
Dow Jones Industrials:  21,750.73  (-274.14)
S&P 500:  2,430.01  (-38.10) 

Nasdaq Composite:   6,221.91 
(-123.19)

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

Trading Summary Notes for Thursday, 8/17/2017

  • Bitcoin leaps up to new all time highs………again. Here comes $5,000
  • Bitcoin’s momentum is UP UP UP. So is the volatility
  • The higher the price, the higher the volatility
  • Gold looks ready to explode and go right through resistance at $1,300
  • Traders can buy gold on dips against sell stop at $1,250
  • Gold coming back in favor
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:   LONG BITCOIN & LONG GOLD

NOTE: Today marks one year of trading (see below) on FintekNews. UP +228.36%

Past Market:



Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here