BITCOIN Dives! $10K and $11K So Yesterday; GOLD Sinks, Resistance Area Wins…..Again! (11/30/17)

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.

11/30/17 Closing Prices:

Bitcoin:  $9,352.50  (-$1409)
Gold:  $1,275  (-$10-)
Dow Jones Industrials:  24,272.35  (+331.67)
S&P 500:  2,647.58  (+21.51)

Nasdaq Composite:  6,873.97  (+49.63)

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

Trading Summary Notes for Thursday, 11/30/2017

  • BITCOIN drops back below $10,000. More trouble ahead?
  • Consensus event in NY over. Hype and ‘buzz’ dying down
  • Talk of $40K bitcoin, $100K bitcoin AND $1M bitcoin is a touch scary.
  • Could bitcoin be heading toward $7,500-$8,000? Quite possible
  • GOLD sells off after losing battle with $1,295-$1,300 resistance
  • Gold in very tight trading range………….$1,270- $1,300
  • Gold is under-owned, over looked and in the shadow of bitcoin
  • Gold WILL be the surprise move to the upside. Upside target $1,350
  • LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION:  LONG GOLD

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

Read our PRIOR daily commentaries on Bitcoin vs Gold here