BITCOIN “Death Dive?”, Sinks Under $9K; GOLD Steady, Off $2 (3/14/18)

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.

3/14/18 Closing Prices:

Bitcoin:  $8,706.28  (-$345.90) 
Gold:  $1,325  (-$2) 
Dow Jones Industrials:  24,758.12  (-248.91)
S&P 500:  2,749.48  (-15.83)

Nasdaq Composite:  7,496.81  (-14.20)

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

Trading Summary Notes for Wednesday, 3/14/2018

  • BITCOIN enters new sinking spell. Trades lower after close
  • SOLD BITCOIN TRADING POSITION AT $8,950. Bullish long term
  • Currently bitcoin has more sellers than buyer. Buyers have stepped away
  • Bitcoin going through a lack of interest
  • Potential regulations are creating a “wait and see” environment
  • Defending potential regulation driving up costs, hurting cryptos
  • GOLD seems to be stuck in a very tight trading range…..$1,310-$1,340
  • Lack of interest in gold kipping trading light
  • Still very bullish on gold
  • Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long GOLD



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

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