BITCOIN Goes Green for St Pat’s, Up Sharply; GOLD Eases Back down, Off $3 (3/16/18)

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.

3/16/18 Closing Prices:

Bitcoin:  $8511.12  (+$457.68) 
Gold:  $1,314  (-$3) 
Dow Jones Industrials:  24,946.51  (+72.85)
S&P 500:  2,752.01  (+4.68)

Nasdaq Composite:  7,481.99  (+0.25)

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

Trading Summary Notes for Friday, 3/16/2018

  • BITCOIN rally’s for St Patrick’s weekend. All green and holds $8,000
  • Selling pressure eases. Beginning new move higher?
  • If bitcoin trades, and holds, above $9,000 expect another more upside
  • Enthusiasm for bitcoin (crypto in general) still strong
  • GOLD softens. Sinks to lower end of trading range
  • Lack of interest in gold keeping trading light, stuck in a very tight trading range…..$1,310-$1,340
  • Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Tim