BITCOIN BECOMES DULL; GOLD SAYS “ME TOO” (10/4/17)

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.

10/4/17 Closing Prices:

Bitcoin:  $4,211.92  (-$49.23)
Gold:  $1,276  (+$4.00)
Dow Jones Industrials:  22,661.64 (+19.97)
S&P500: 2,537.74  (+3.16) 

Nasdaq Composite:  6,534.63 
(+2.91)

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

Trading Summary Notes for Tuesday, 10/4/2017

  • BITCOIN dips slightly. Becoming a ‘dull’ trade in the $4,000-$4,500 range
  • Building a base OR building a top?
  • I choose base and $6,000 BUT always use trading stops
  • GOLD steadies around $1,265-$1,270 area
  • Should have support in the $1,250 area
  • Gold traders look at $1,255- $1,260 for a buying opportunity

Current TRADING Positions:  LONG BITCOIN

Past Market

 

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