BITCOIN 2018, Support Holds and a New Buyer; GOLD Climbing on Breakout (1/2/18)

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.

1/2/18 Closing Prices:

Bitcoin:  $13,764.00  (-$732.27) (from last Friday 12/29)
Gold:  $1,318  (+$15) (from last Friday 12/29)
Dow Jones Industrials:  24,824.01  (+104.79)
S&P 500:  2,695.79  (+22.18)

Nasdaq Composite:  7,006.90  (+103.51)

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

Trading Summary Notes for Tuesday, 1/2/2018

  • BITCOIN enters 2018 holding $12K-$13K support. Climbs later after London fix
  • Peter Thiel (early Facebook investor) and his Founders Fund big bitcoin buyer
  • Bitcoin get more credibility from Thiel. “Smart money” versus “non-believers”
  • Another big year for bitcoin coming? Hmmmmm, $30,000?
  • GOLD beginning a new move higher.
  • Breakout above $1,300 significant. Here comes $1,350
  • Gold is under owned and under loved. Don’t be short gold
  • Top 2018 “HOT” picks………..both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long GOLD


 

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

Read our PRIOR daily commentaries on Bitcoin vs Gold here