Home The Taylor Report-Bitcoin vs Gold vs Ethereum BITCOIN Drifts Higher and GOLD Drifts Lower in Super Dull Trading (5/9/18)

BITCOIN Drifts Higher and GOLD Drifts Lower in Super Dull Trading (5/9/18)

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.

5/9/18 Closing Prices:

Bitcoin:  $9,269.39  (+$138.82) 
Gold:  $1,312  (-$3)
Dow Jones Industrials:  24,542.54  (+182.33)
S&P 500:  2,697.79  (+25.87)

Nasdaq Composite:  7,339.90  (+73.00)

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

Trading Summary Notes for Wednesday, 5/9/201

  • Interest in BITCOIN and cryptos currently non-existent
  • The lower $9,000 area seems to be holding. Selling drying up?
  • No overwhelming reasons to generate volatile trading moves
  • Looking for another ‘assault’ on $10,000. Our near term price target is $12,000-$12,500
  • GOLD in the same doldrums as BITCOIN.
  • Gold steadies, and holds, slightly above $1,300. Building a base?
  • A close above $1,320 would bring in buyers for a move back to $1,350-$1,355
  • Our price target is $1,395-$1,400

CURRENT TRADING POSITION:  Long BITCOIN & GOLD