BITCOIN Has Weekend Plunge, Recovers To Friday’s Level; GOLD Holds Support, Inches Up (3/19/18)

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.

3/19/18 Closing Prices:

Bitcoin:  $8,562.24  (+$51.12) (from Friday’s close)
Gold:  $1,317  (+$3) (from Friday’s close)
Dow Jones Industrials:  24,610.91  (-335.60)
S&P 500:  2,712.92  (-39.09)

Nasdaq Composite:  7,344.24  (-137.74)

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

Trading Summary Notes for Monday, 3/19/2018

  • BITCOIN plunges over the weekend to $7,000. then recovers to inch up over Friday’s close
  • Rumors of tax selling, Twitter and Facebook banning ICO advertising and new regulation concerns cause bitcoin to drop to the $7,000 area
  • Buyers stepped in and bitcoin fully recovered the weekend losses
  • Enthusiasm for bitcoin (crypto in general) still strong
  • If bitcoin trades, and holds, above $9,000 expect another more upside
  • GOLD inches up from Friday’s close
  • Gold holding the $1,305-$1,310 support area. Waiting for the Fed’s FOMC meeting to wrap up Wednesday with interest rate guidence
  • 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 Tim