BITCOIN Slips Under $8K as Buyers Hide; GOLD Plunges After Hitting Resistance (3/28/18)

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.

3/28/18 Closing Prices:

Bitcoin:  $7,928.96  (-$134.31)  
Gold:  $1,325  (-$19)
Dow Jones Industrials:  23,848.42 (-9.29)
S&P 500:  2,605.00  (-7.62)

Nasdaq Composite:  6,949.23  (-59.58)

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

Trading Summary Notes for Wednesday, 3/28/2018

  • BITCOIN slips under $8,000 as buyers just disappear
  • Bitcoin stuck in tight range ($7,500-$9,000)
  • More negative news than there is positive momentum. Buyer’s strike?
  • Bitcoin break below $7,500 would be very negative
  • GOLD gets hit hard after failing to take out resistance at $1,350-$1,360
  • Gold in months long trading range of $1,305-$1,310 to $1,350-$1,360
  • Still looking for move to $1,390-$1,400.   Don’t be short gold

CURRENT TRADING POSITION:  Long GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time