BITCOIN Eases Off, A Very Crowded Trade? GOLD Jumps, Ready to Explode? (11/22/17)

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.

11/22/17 Closing Prices:

Bitcoin:  $8,227.17  (-$114.73)
Gold:  $1,292  (+$12)
Dow Jones Industrials:  23,526.18  (-64.65)
S&P 500:  2,597.08  (-1.95)

Nasdaq Composite:  6,867.36  (+4.88)

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

Trading Summary Notes for Wednesday, 11/22/2017

  • BITCOIN struggling, eases off after big run up
  • Another day, another bitcoin bull speaks out    (P.S. I’m a long term bull)
  • Is bitcoin a very crowded trade currently? It could be
  • Bitcoin traders use caution……and stop orders
  • GOLD leaps back up to resistance level ($1,295-$1,300)
  • Is gold about to “pop” through $1,300? I say YES
  • Upside target $1,350.
  • GOLD is NOT a crowded trade. Far from it…..its “under-owned”
  • Gold WILL be the surprise move to the upside.
  • LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION:  LONG GOLD

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

Read our PRIOR daily commentaries on Bitcoin vs Gold here