BITCOIN Holds Recent Gains; Drops Tiny; GOLD Resumes Upward Momentum, Adds $7 (2/13/18)

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.

2/13/18 Closing Prices:

Bitcoin:  $8,533.68  (-$77.07)
Gold:  $1,329 (+$7) 
Dow Jones Industrials:  24,640.45  (+39.18)
S&P 500:  2,662.94  (+6.94)

Nasdaq Composite:  7,013.51  (+31.55)

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

Trading Summary Notes for Tuesday, 2/13/2018

  • BITCOIN hold steady in low vol session, eases a tiny bit and trades higher after BRR ‘fix’
  • Bullish confidence returning after nervous selling the past few weeks
  • Next move up underway? Looks like it is. $10K should be next upside target
  • Let the “dust settle” and always use trading stops
  • GOLD moving strongly back higher. Looks like $1,350 will next ‘test’ area
  • Gold held our support/entry level of $1,310-$1,315. That could be a floor for a while
  • Inflation talk heating up again with wage inflation creeping in
  • 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

Read our PRIOR daily commentaries