BITCOIN Pivots, Backs Off to Under $11K; GOLD Spikes Up $14 on Tariff Talk (3/6/18)

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.

3/6/18 Closing Prices:

Bitcoin:  $10,991.80  (-$488.02)
Gold:  $1,333  (+$14) 
Dow Jones Industrials:  24,884.12  (+9.36)
S&P 500:  2,728.12  (+7.18)

Nasdaq Composite:  7,372.01 (+41.30)

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

Trading Summary Notes for Tuesday, 3/6/2018

  • BITCOIN takes a breather from recent run up. Not uncommon
  • Bitcoin volatility settling down. Markets becoming more efficient
  • Looking at $12K-$12,500 as a resistance area
  • Move above $12k-$12,500 would be super positive
  • GOLD spikes up on tough trade tariff talk from President Trump
  • Tariffs and inflation fears make for a very potent bullish case for gold
  • Gold is getting ready to challenge $1,400……………at some point. $1,350 first
  • Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long BITCOIN & GOLD



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

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