BITCOIN Gives Up Yesterday’s Gain, Back to $8,500; GOLD Pauses, Off $5.00 (3/22/18)

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.

3/22/18 Closing Prices:

Bitcoin:  $8,565.83  (-$552.69) 
Gold:  $1,329  (-$5) 
Dow Jones Industrials:  23,957.89  (724.42)
S&P 500:  2,643.69  (-68.24)

Nasdaq Composite:  7,166.68  (-178.61)

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

Trading Summary Notes for Thursday, 3/22/2018

  • BITCOIN takes yesterday back. Drops back below $9K
  • Positive bitcoin news of last few days not enough to hold recent gains
  • Maybe a little “risk off” trade? Bitcoin sort of stuck in tight range $7,500-$9,000
  • Bitcoin needs to trade, and hold, above $9,000. If it does, expect more upside………$12K?
  • GOLD gives back just a bit after huge jump yesterday
  • Gold in trading range of $1,310-$1,345. Looking for upside breakout
  • Looking for move to $1,390-$1,400.   Don’t be short gold
  • Inflation still being under estimated which is bullish for gold
  • Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time