BITCOIN Rallying, ETHEREUM Back Over $600, GOLD Continues Softness (6/19/18)

bitcoin gold


WE HOPE YOU ENJOY OUR NEW FORMAT FOR BITCOIN VS GOLD, INCLUDING A LINK TO THE NEW CME ETHEREUM INDEXES! 

By Bill Taylor, Contributor

We compare the price of Bitcoin, Ethereum, & Gold, using the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference.

6/19/18 Closing Prices:

Bitcoin: $6,689.00 (+$247.15) 
Ethereum: $515.78 (+$20.75) 
Gold: $1,275 (-$3) 
Dow Jones Industrials: 24,700.21 (-287.26)
S&P 500: 2,762.57 (-11.18)
Nasdaq Composite: 7,725.58 (-21.44)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
CME ETH_RR_USD Ethereum Reference Rate & CME ETH_RTI_USD Ethereum Real Time Index

Trading Summary Notes for Tuesday, 6/19/2018

  • BITCOIN continues strength, back above $6,700 in afternoon trading
  • ETHEREUM nice percentage move back above $600….and climbing in late trading
  • Have the two cryptos put in a bottom? Looks like it right now
  • SEC ruling that BTC and ETH are NOT securities finally sinking in?
  • Talk of trading manipulation is in the rear view mirror. Old news, yawn!
  • BITCOIN back to $8,500? ETHEREUM back to $700? Why not?
  • GOLD soft on trade war worries and stronger dollar
  • Trade wars, currency “adjustments”, etc eventually bullish for gold
  • Inflation being totally under estimated…..bullish for gold
  • GOLD trading entry point? Try $1,255-$1,260
  • Getting good gold thoughts
  • Long term bullish on BTC, ETH and gold

CURRENT TRADING POSITION:  LONG BITCOIN



Bill Taylor is Managing Partner at Fintek Capital & a frequent contributor to FintekNews