BITCOIN FIRMS UP, JUMPS; GOLD UP & READY TO ROCK (8/23/17)

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.

8/23/17 Closing Prices:

Bitcoin:  $4,193.77  (+$296.47)
Gold:  $1,290  (+$5.00)
Dow Jones Industrials:  21,812.09 (-87.80)
S&P 500:  2,444.04  (-8.47) 

Nasdaq Composite:   6,278.41
(-19.07)

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

Trading Summary Notes for Wednesday, 8/23/2017

  • Bitcoin firms up around the $4,000 area. SegWit in rear view mirror
  • Bitcoin looking ready to move higher (again) and test $5,000
  • Bitcoin just digesting gains of last few weeks. $5,000 still in sight
  • Bitcoin “dip buyers” can look for $3,850-$3,900 area to step in
  • Gold ‘posturing’ just under $1,300 resistance. Acting very well
  • Gold looks ready to explode and go right through resistance at $1,300. 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:



Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here