BITCOIN….DANGER AHEAD; GOLD STABILIZES…..LOOKING GOOD (9/12/17)

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.

9/12/17 Closing Prices:

Bitcoin:  $4,276.30  (+$21.03)
Gold:  $1,332  (+$5.00)
Dow Jones Industrials:  22,118.86  (+61.49)
S&P 500:  2,496.48  (+8.37) 

Nasdaq Composite:  6,454.28 
(+22.02)

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

Trading Summary Notes for Tuesday, 9/12/2017

  • BITCOIN has more sellers than buyers right now. Danger lurking? YES!
  • Seems China has “an agenda” putting pressure on bitcoin
  • Is China trading bitcoin? Is China a “currency/bitcoin manipulator”?
  • BITCOIN TRADERS “step aside”. Looks like a BIG DIP coming
  • GOLD stabilizing after hitting $1,350. That was our target
  • Gold traders can look to buy in the $1,305-$1,310 area
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:  LONG GOLD

Past Market

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here