BITCOIN $5,000? CLOSE ENOUGH-EXIT TRADE. SATURDAY UPDATE (9/2/17)

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.

9/1/17 Closing Prices:

Bitcoin:  $4,809.71  (+$88.93)
Gold:  $1,325  (+$2.00)
Dow Jones Industrials:  21,987.56  (+39.46)
S&P 500:  2,476.55  (+4.90) 

Nasdaq Composite:  6,435.33 
(+6.67)

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

Trading Summary Notes for Saturday, 9/2/2017

  • SOLD BITCOIN from trading position at $4,885.
  • Upside target for bitcoin WAS $5,000. Close enough when it went above $4,900
  • Traders may want to place some protective sell stops. Getting “frothy”
  • GOLD upside target of $1,350
  • Traders can buy GOLD with sell stops at $1,305-$1,310
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:  LONG GOLD

Past Market:



Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here