BITCOIN Bottom In? Solid Close Above $7K; GOLD Backs Off Yesterday’s Rally, Off $10 (4/3/18)

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.

4/3/18 Closing Prices:

Bitcoin:  $7,329.22  (+392.99) 
Gold:  $1,331  (-$10) 
Dow Jones Industrials:  24,033.36  (-+389.17)
S&P 500:  2,614.45  (+32.57)

Nasdaq Composite:  6,941.28  (+71.16)

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

Trading Summary Notes for Tuesday, 4/3/2018

  • BITCOIN selling abates, rally above $7,000 holds
  • BOUGHT BITCOIN AT $7,065
  • End of the first quarter selling over? Tax selling over? Technical selling over? I say YES!
  • Bitcoin near term target $9,000.
  • GOLD backs off yesterday’s sharp rally
  • Gold trading range getting tighter………$1,320-$1,345. Expect breakout to upside soon
  • Close above $1,355 would be very positive
  • Once again, still looking for move to $1,390-$1,400.   Don’t be short gold

CURRENT TRADING POSITION:  Long BITCOIN & GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time