WE HOPE YOU ENJOY OUR NEW FORMAT FOR THE TAYOR REPORT - BITCOIN VS GOLD VS ETHEREUM, INCLUDING A LINK TO THE NEW CME ETHEREUM INDEXES!
By Bill Taylor, Contributor
We compare the price of Bitcoin, Ethereum, & Gold, using the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference.
7/20/18 Closing Prices:
Bitcoin: $7,470.69 (+$18.67) Ethereum: $463.20 (-$11.74) Gold: $1,230 (+$7) Dow Jones Industrials: 25,058.12 (-6.38) S&P 500: 2,801.83 (-2.66) Nasdaq Composite: 7,820.20 (-5.10)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index CME ETH_RR_USD Ethereum Reference Rate & CME ETH_RTI_USD Ethereum Real Time IndexTrading Summary Notes for Friday, 7/20/2018
- BITCOIN adds to weeks rally. Has big week (up almost 20%)
- ETHEREUM off a little. ETH has an up week (up 5%) but lags BTC
- GOLD has a good Friday with dollar selloff. Has a down week
- Next stop for BITCOIN $9,500-$10,000? Momentum looks good
- Risk/reward in GOLD………..risking $20 (down to $1,200) to make $200 ($14,000 target)
- GOLD trading inversely to dollar currently. That will change
- BITCOIN is back to being the "crypto leader". $6,000 looks like the year's bottom
CURRENT TRADING POSITION:
LONG BITCOIN AND GOLD
Bill Taylor is Managing Partner at Fintek Capital & a frequent contributor to FintekNews