BITCOIN Barely Moves, A Bit Lower in Late Trading; GOLD Sinks After Testing Resistance (3/27/18)

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.

3/27/18 Closing Prices:

Bitcoin:  $8,063.27  (-$8.18)  
Gold:  $1,344  (-$8)
Dow Jones Industrials: 23,857.71  (-344.89)
S&P 500:  2,612.62  (-45.93)

Nasdaq Composite:  7,008.81  (-211.74)

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

Trading Summary Notes for Tuesday, 3/27/2018

  • BITCOIN basically unchanged, trades lower after London close (BRR)
  • Still hesitating after Twitter bans crypto ads, tax selling
  • Bitcoin stuck in tight range ($7,500-$9,000) in boring trade
  • GOLD rally runs out of steam in $1,350-$1,360 resistance area
  • Gold in months long trading range of $1,305-$1,310 to $1,350-$1,360
  • Looking for move to $1,390-$1,400.   Don’t be short gold
  • Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time