BITCOIN Drops Under $7K-AGAIN-WTF; GOLD Steadies, Picks Up $2.00 (4/4/18)

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.

4/4/18 Closing Prices:

Bitcoin:  $6,890.76  (-438.46) 
Gold:  $1,333  (+$2) 
Dow Jones Industrials:  24,264.30  (+230.94)
S&P 500:  2,644.69  (+30.24)

Nasdaq Composite:  7,042.11 (+100.82)

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

Trading Summary Notes for Wednesday, 4/4/2018

  • BITCOIN reverses and drops back under $7,000 again. CRAZY
  • Bitcoin bounces around trying to find a firm footing
  • End of the first quarter selling over? Tax selling over? Technical selling over? Looked like it, now perhaps.
  • Another close up above $7,000 would be very positive
  • Bitcoin near term target $9,000
  • GOLD inches up after yesterday’s sharp selloff
  • Gold trading range getting tighter………$1,320-$1,345. Expect breakout to upside soon
  • Close above $1,355 would be very positive
  • Once again, still looking for move to $1,390-$1,400.   Don’t be short gold

CURRENT TRADING POSITION:  Long BITCOIN & GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time