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 IndexTrading 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 Read our PRIOR daily commentaries