BIG WEEKEND JUMP FOR BITCOIN; GOLD JUMPS TOO (10/9/17)

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.

10/9/17 Closing Prices:

Bitcoin:  $4,634.11  (+$260.33)
Gold:  $1,285  (+$11.00)
Dow Jones Industrials: 22,761.07  (-12.60)
S&P500: 2,544.73  (-4.60) 

Nasdaq Composite:  6,579.73 
(-10.45)

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

Trading Summary Notes for Monday, 10/9/2017

  • BITCOIN bears running for cover. New highs certainly look certain
  • $6,000? YES! Right after BTC takes out the $5,000 area
  • Solid momentum building. Volatility in bitcoin returning
  • GOLD turned around late last week after touching our target of $1,260
  • Gold’s reversal last week is very bullish. Next stop $1,300
  • Raising trading buy area to $1,260- $1,265 for a buying opportunity

Current TRADING Positions:  LONG BITCOIN

Past Market

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here
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