BITCOIN Heading to $12K, Has Strong Weekend; GOLD Goes Nowhere, Down $2 (3/5/18)

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.

3/5/18 Closing Prices:

Bitcoin:  $11,479.82  (+$640.50) (from Friday’s close)
Gold:  $1,319  (-$2) (from Friday’s close)
Dow Jones Industrials:  24,874.76  (+336.70)
S&P 500:  2,720.94  (+29.69)

Nasdaq Composite:  7,330.71 (+72.84)

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

Trading Summary Notes for Monday, 3/5/2018

  • BITCOIN gaining strength and momentum. Climbs over the weekend
  • Getting ready to challenge $12K
  • Move above $12k-$12,500 will be super positive
  • Bitcoin break above $12,500K will lead to $15K. After that? $20K?
  • GOLD eases slightly on trade war fears being subdued
  • Inflation fears (yes, they ARE real) will come back to “page one”
  • Gold is getting ready to challenge $1,400……………at some point. $1,350 first
  • Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long BITCOIN & GOLD



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

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