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.
2/12/18 Closing Prices:
Bitcoin: $8,610.75 (+$246.04) (from Friday's close) Gold: $1,322 (+$8) (from Friday's close) Dow Jones Industrials: 24,601.27 (+410.37) S&P 500: 2,656.00 (+36.44) Nasdaq Composite: 6,981.96 (+107.47)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Monday, 2/12/2018
- BITCOIN has a FIRM weekend. Steadies and begins to move higher
- Last week's lows may be the floor. Bullish confidence returning
- Next move up underway? Looks like it is. $10K should be next upside target
- Bitcoin "dip buyers" being rewarded
- GOLD moves back to the upside. Rallies $8.00 to over $1,320
- Gold held our support/entry level of $1,310-$1,315. Back to $1,350?
- Holding that area should reinforce a renewed upward trend
- Inflation talk will return and gold will benefit
- Top 2018 “HOT” picks……….. long both BITCOIN & GOLD
CURRENT TRADING POSITION: Long BITCOIN & GOLD
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