BITCOIN Sinking Again; GOLD Heading Up Again (1/22/18)

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.

1/22/18 Closing Prices:

Bitcoin:  $10,549.13  (-$1,028.02) (from Friday’s close)
Gold:  $1,335  (+$2) (from Friday’s close)
Dow Jones Industrials:  26,214.60  (+142.88)
S&P 500: 2,832.97  (+22.67)

Nasdaq Composite:  7,408.03  (+71.65)

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

Trading Summary Notes for Monday, 1/22/2018

  • BITCOIN giving up most of the last rally. Sinking toward $10K
  • SOLD BITCOIN ON A STOP AT $10,850 ON A STOP
  • More sellers than buyers currently. Looks like another break under $10K
  • Another selling “rout” will certainly create a lot of nervous investors. $8,000??
  • GOLD doing just the opposite……strengthening
  • Gold resistance at $1,350. A break above that price will lead to $1,395-$1,400
  • Demand for gold getting stronger. Inflation fears/worries will persist in 2018
  • A big story for 2018? Inflation led by strong wage increases.
  • Top 2018 “HOT” picks………..both BITCOIN & GOLD   (its only January remember)

CURRENT TRADING POSITION:  Long GOLD


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

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