BITCOIN UNDER PRESSURE; GOLD…….OUCH!! (9/11/17)

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.

9/11/17 Closing Prices:

Bitcoin:  $4,255.27  (-$103.08)
Gold:  $1,327  (-$20.00)
Dow Jones Industrials:  22,057.37  (+259.58)
S&P 500:  2,488.11  (+26.68) 

Nasdaq Composite:  6,432.26 
(+72.07)

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

Trading Summary Notes for Monday, 9/11/2017

  • BITCOIN has more China rumors/news then buyers. Looking “heavy”
  • Is China a “currency/bitcoin manipulator”? Is China trading bitcoin? Hmmmm!
  • BITCOIN TRADERS……….lets “step aside”. Looks like “the dip” may be a lot bigger
  • Use stops when trading bitcoin
  • GOLD got to $1,350 resistance AND our target
  • GOLD got hit with dollar relief rally and bond selloff (rates ticked up)
  • Gold traders can look to buy in the $1,305-$1,310 area
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:  LONG GOLD

Past Market

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here