BITCOIN DIVES…….DANGER LURKS; GOLD DROPS TOO (9/13/17)

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.

9/13/17 Closing Prices:

Bitcoin:  $3,789.11  (-$487.19)
Gold:  $1,322  (-$10.00)
Dow Jones Industrials:  22,158.18  (+39.32)
S&P 500:  2,498.37  (+1.89) 

Nasdaq Composite:  6,460.19 
(+5.91)

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

Trading Summary Notes for Wednesday, 9/13/2017

  • BITCOIN gets clobbered on China and Jamie Dimon’s harsh words
  • BITCOIN has more sellers than buyers right now. Danger lurking? YES!
  • BITCOIN TRADERS “step aside”. Looks like a BIG DIP coming
  • Shakeout is under way so stay out of the way
  • GOLD is settling back after hitting $1,350 (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