BITCOIN Jumps above $9K, Eases Slightly; GOLD Skyrockets $25 (3/21/18)

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.

3/21/18 Closing Prices:

Bitcoin:  $9,118.52  (+$579.20) 
Gold:  $1,335  (+$25) 
Dow Jones Industrials:  24,682.31  (-44.96)
S&P 500:  2,711.93  (-5.01)

Nasdaq Composite:  7,345.29  (-19.02)

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

Trading Summary Notes for Wednesday, 3/21/2018

  • BITCOIN takes a big jump to over $9K. Eases off slightly in later trading
  • Positive comments out of the G20 meeting providing support. Global regulation may be lighter than first anticipated
  • Bitcoin needs to trade, and hold, above $9,000. If it does, expect more upside………$12K?
  • Some global regulation is positive for bitcoin
  • GOLD jumps huge on Fed’s FOMC interest rate decision and guidance
  • Gold held the $1,305-$1,310 support area. Next resistance $1,340-$1,350
  • Inflation still being under estimated which is bullish for gold
  • Looking for move to $1,390-$1,400.   Don’t be short gold
  • Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time