BITCOIN HAS SHARP PULLBACK; GOLD DROPS, TOO (8/15/17)

Bitcoin Gold

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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.

8/15/17 Closing Prices:

Bitcoin:  $3,892.03  (-$377.22)
Gold:  $1,272  (-$10.00)
Dow Jones Industrials:  21,998.99  (+5.28)
S&P 500:  2,464.61  (-1.23) 

Nasdaq Composite:   6,333.01 
(+-7.22)

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

Trading Summary Notes for Tuesday, 8/15/2017

  • Bitcoin……profit taking? Pullback? End of run? A little of each
  • Volatility in bitcoin is nothing new. Expect more as price rises
  • Bitcoin’s upside trajectory getting stronger.  $5,000 near term target in sight
  • Bitcoin traders “buy the dips”. Be very cautious chasing offers. Volatility is here.
  • Gold continues pullback from $1,290-$1,300 resistance area
  • Getting more bullish on gold. Buy gold on dips against sell stop at $1,250
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:   LONG BITCOIN

Past Market:



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