BITCOIN CONTINUES HIGHER; GOLD CLOSE TO UPSIDE BREAKOUT (8/11/17)

Bitcoin Gold

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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.

8/11/17 Closing Prices:

Bitcoin:  $3,547.21  (+$118.09)
Gold:  $1,291  (+$6.00)
Dow Jones Industrials:  21,858.32  (+14.31)
S&P 500:  2,441.32  (+3.11) 

Nasdaq Composite:   6,256.56 
(+39.68)

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

Trading Summary Notes for Friday, 8/11/2017

  • Bitcoin’s upside trajectory getting stronger.  $5,000 near term target in sight
  • Buy bitcoin on dips. Traders can place stops ($200-$250 under buy price?)
  • Gold jumps higher again on yesterday’s comments by Ray Dalio (5%-10% of assets should be in gold)
  • Gold testing upper resistance levels ($1290-$1300). A close above $1300 would be very bullish
  • Gold looks GOOD. Buy gold on dips against sell stop at $1,250
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:   LONG BITCOIN

Past Market:



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