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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 IndexTrading 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:
Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here