BITCOIN SHRUGS OFF SEC COMMENTS-RALLIES; GOLD JUST SHRUGS (7/27/17)

 Bitcoin Gold

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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.

7/27/17 Closing Prices:

Bitcoin:  $2,567.05  ($+76.78)
Gold:  $1,260  (-$1.00)
Dow Jones Industrials:  21,796.55  (+85.54)
S&P 500:  2,475.42  (-2.41)

Nasdaq Composite:   6,382.19 
(-40.50)

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

Trading Summary Notes for Thursday, 7/27/2017

  • Opposite of yesterday. Bitcoin ignores SEC comments on ICO’s and goes UP
  • Bitcoin get yesterday’s loss back. Its a wash
  • Still lingering uncertainty on a “hard fork” (split). Aug 1st may bring ‘solid’ decision
  • All this news is not that negative, just uncertain (markets hate that)
  • Stay neutral on Bitcoin………prepare to be a buyer
  • Gold holding above $1,250. A little jittery, but upside momentum growing
  • Gold test of $1,300 soon?
  • Can buy gold on dips against sell stop at $1,225
  • LONG TERM BULLISH ON BITCOIN & GOLD

No Current TRADING Positions

Past Market:



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