Home Bitcoin vs Gold BITCOIN INCHES HIGHER; GOLD DOES, TOO (8/8/17)

BITCOIN INCHES HIGHER; GOLD DOES, TOO (8/8/17)

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.

8/8/17 Closing Prices:

Bitcoin:  $3382.80 (+$6.77)
Gold:  $1,260  (+$2.00)
Dow Jones Industrials:  22,085.34  (-33.08)
S&P 500:  2,474.92  (-5.99) 

Nasdaq Composite:   6,370.46 
(-13.31)

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

Trading Summary Notes for Tuesday, 8/8/2017

  • Bitcoin, after a huge weekend move, pauses and creeps up
  • A little breather before another upward sprint
  • Bitcoin momentum very strong. Expect more upside. $5,000? YUP!
  • Buy bitcoin on dips, or nibble at offers for aggressive traders. Nervous traders use trailing stops ($200-$250 under buy price?)
  • Buy gold on dips against sell stop at $1,250
  • May start getting a bit more aggressive in gold. $1300 test coming? Looks like it
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:   LONG BITCOIN

Past Market:



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