BITCOIN DROPS TO $4,000; BLAMES ECLIPSE; GOLD GOES UP; THANKS ECLIPSE (8/21/17)

Bitcoin Gold

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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.

8/21/17 Closing Prices:

Bitcoin:  $4,001.44   (-$248.97)
Gold:  $1,292  (+$5.00)
Dow Jones Industrials:  21,703.75  (+29.24)
S&P 500:  2,428.37  (+2.82) 

Nasdaq Composite:   6,213.13 
(-3.40)

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

Trading Summary Notes for Monday, 8/21/2017

  • Bitcoin sells off blaming lack of buyers who went to watch eclipse of sun (lol)
  • Gold rallies closer to $1,300 citing lack of sellers who went to watch eclipse of sun (lol)
  • Bitcoin digesting gains of last few weeks. $5,000 still in sight
  • Bitcoin “dip buyers” can look for $3,700-$3,800
  • Bitcoin’s momentum is still UP UP UP
  • Gold looks ready to explode and go right through resistance at $1,300
  • Gold gaining upside momentum. Upside target $1,350
  • Traders can buy gold on dips against sell stop at $1,250
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:   LONG BITCOIN & LONG GOLD

Past Market:



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