BITCOIN Regains Upward Momentum; $10K Coming?; GOLD Jumps Higher Too (2/12/18)

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.

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 Index

Trading 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

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

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