BITCOIN Finds Happiness and Stability at $10K; GOLD Moves a Bit Higher (2/26/18)

 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.

2/26/18 Closing Prices:

Bitcoin:  $10,208.26  (-$111.17) (from Friday’s close)
Gold:  $1,333 (+$4) (from Friday’s close)
Dow Jones Industrials:  25,709.27  (+399.28)
S&P 500:  2,779.60  (+32.30)

Nasdaq Composite: 7 ,421.46 (+84.07)

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

Trading Summary Notes for Monday, 2/26/2018

  • BITCOIN virtually unchanged from last Friday, BUT has a good rally off weekend lows
  • Bitcoin touches mid to low $9K area over the weekend
  • Is $10K + – a new area of stability? Possibly for now.
  • Are equity markets drawing investor/trader interest away from bitcoin? Probably for now
  • GOLD quietly moves a bit higher. New move to challenge $1,350 resistance?
  • Gold flashing bullish signals. Don’t be short gold
  • Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long GOLD



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

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