BITCOIN $5K? Not Today; GOLD Touches $1,300, Pulls Back (8/18/17)

Bitcoin Gold

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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.

8/18/17 Closing Prices:

Bitcoin:  $4,250.41  (-$209.94)
Gold:  $1,287  (-$0-)
Dow Jones Industrials:  21,674.51  (-76.22)
S&P 500:  2,425.55  (-4.46) 

Nasdaq Composite:   6,216.53 
(-5.39)

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

Trading Summary Notes for Friday, 8/18/2017

  • Bitcoin stalls just shy of $4,500. Taking a bit of a rest
  • Profit taking not unexpected going into a weekend
  • Bitcoin’s momentum is UP UP UP
  • Gold hits $1,300 the top of resistance. Softens slightly
  • Gold looks ready to explode and go right through resistance at $1,300
  • Gold coming back in favor
  • Traders can buy gold on dips against sell stop at $1,250
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:   LONG BITCOIN & LONG GOLD

Past Market:



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