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 IndexTrading 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
Read our PRIOR daily commentaries