BITCOIN Plunge A Memory; BITCOIN Has Huge Rally. GOLD Drops A Few Dollars (1/18/18)

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.

1/18/18 Closing Prices:

Bitcoin:  $12,011.81  (+$2522.43) 
Gold:  $1,326  (-$3) 
Dow Jones Industrials:  26,017.81  (-97.84)
S&P 500: 2,798.03  (-4.53)

Nasdaq Composite:  7,296.05  (-2.23)

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

Trading Summary Notes for Thursday, 1/18/2018

  • BITCOIN shakes off plunge. Jumps back up over $12K
  • Bitcoin rallies over 25%. Start of a new move? A couple of days will tell
  • Selling ‘climax’ under $10K shook out a lot of weak (leveraged?) holders
  • Bitcoin volatility is back. Rumors of bitcoin’s demise are behind us
  • Look for steadiness before moving higher
  • GOLD gives up a few dollars. Nice rallies usually have some pullback
  • Demand for gold getting stronger. Inflation fears/worries will persist in 2018
  • A big story for 2018? Inflation led by strong wage increases.
  • Top 2018 “HOT” picks………..both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long BITCOIN & GOLD


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

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