BITCOIN Back Over $6K; New Move Up?; GOLD Moves Up Too (10/30/17)

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.

10/30/17 Closing Prices:

Bitcoin: $6,066.36  (+$311.85) from Friday’s close 
Gold:  $1,277  (+$4)
Dow Jones Industrials:  23,348.74  (-85.45)
S&P500: 2,572.83  (-8.24) 

Nasdaq Composite:  6,698.96 
(-2.30)

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

Trading Summary Notes for Monday, 10/30/2017

  • BITCOIN hits $6,300. Softens a bit and is poised for another move up
  • New Trade; BOUGHT BITCOIN @ $6,055
  • Momentum picking up for upside. Sell off did not last long
  • GOLD also starting to gather strength.
  • New Trade; BOUGHT GOLD @ $1,271
  • Gold should be helped with news later this week. Inflation and strong labor market
  • LONG TERM BULLISH ON BITCOIN AND GOLD

Current TRADING Positions:  LONG BITCOIN AND GOLD

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here
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