BITCOIN Drifting Mid-$10K Area In Quiet Trade; GOLD Unchanged In Dull Session (2/28/18)

 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.

2/28/18 Closing Prices:

Bitcoin:  $10,527.28  (-$26.47) 
Gold:  $1,318 (-$0-)
Dow Jones Industrials:  25,029.20  (-380.83)
S&P 500:  2,713.83  (-30.45)

Nasdaq Composite: 7,273.01 (-57.35)

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

Trading Summary Notes for Wednesday, 2/28/2018

  • BITCOIN stalled in the $10,500 area. Uncertainty on direction right now
  • South Korea, which is a huge bitcoin trading mecca, reviewing regulatory stance
  • Holding above $10K for a few days should be a very good sign
  • Buying bitcoin $10K-$10,500K with stops below $10K may be a good trade
  • GOLD stalled and unchanged in listless trade
  • Gold worries on interest rates overblown. Inflation is threat real
  • Look to $1,305-$1,310 for support.
  • 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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