BITCOIN Moves UP To Mid-$10K; GOLD Sinks On Interest Rate Fears (2/27/18)

 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.

2/27/18 Closing Prices:

Bitcoin:  $10,553.75  (+$345.497) 
Gold:  $1,318 (-$15)
Dow Jones Industrials:  25,410.03  (-299.24)
S&P 500:  2,744.28  (+-35.32)

Nasdaq Composite:  7,330.35 (-91.11)

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

Trading Summary Notes for Tuesday, 2/27/2018

  • BITCOIN continues rally off weekend lows. Holding $10K
  • Will bitcoin continue “dancing” above and below that $10K number for a while?
  • Holding above $10K for a few days should be a very good sign
  • Buying bitcoin $10K-$10,500K with stops below $10K may be a good trade
  • GOLD sinks hard on Fed Chairman Powell’s House testimony
  • Gold worries on interest rates overblown. Soft inflation talk does more damage
  • Look to $1,305-$1,310 for support. Inflation is real
  • Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long GOLD



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

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