BITCOIN New Highs; Short Term Peak?? GOLD, Nowhere-Really Yawn (11/21/17)

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.

11/21/17 Closing Prices:

Bitcoin:  $8,341.90  (+$130.35)
Gold:  $1,280  (+$2)
Dow Jones Industrials:  23,590.83  (+160.50)
S&P 500:  2,599.03  (+16.89)

Nasdaq Composite:  6,862.48  (+71.76)

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

Trading Summary Notes for Tuesday, 11/21/2017

  • BITCOIN continues rise. New highs blah blah blah
  • Demand for bitcoin (all cryptos) remain strong blah blah blah
  • $8,500 trading target is looking good
  • SOLD BITCOIN TRADING POSITION @$8,240. CLOSE ENOUGH TO $8,500 TARGET
  • Bitcoin upside momentum strong blah blah blah
  • GOLD perks up a couple bucks
  • Gold WILL be the surprise move to the upside.
  • LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION:  LONG GOLD

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

Read our PRIOR daily commentaries on Bitcoin vs Gold here