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 IndexTrading 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 Read our PRIOR daily commentaries