BITCOIN Having Sneaky Stealth Rally, Pushes $11K; GOLD Falters Slightly on USD Uptick (3/1/18)

 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.

3/1/18 Closing Prices:

Bitcoin:  $10,700.68  (+$173.40) 
Gold:  $1,311 (-$1)
Dow Jones Industrials:  24,608.98  (-420.22)
S&P 500:  2,677.67  (-36.16)

Nasdaq Composite:  7,180.56 (-92.45)

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

Trading Summary Notes for Thursday, 3/1/2018

  • BITCOIN quietly begins move higher. Moving toward $11K
  • BOUGHT BITCOIN @ $10,560 IN TRADING ACCOUNT
  • Holding above $10K-$10,500 has been very positive
  • Move above $12k-$12,500 will be super positive. $15K next?
  • GOLD sells off in early trade on dollar strength. Recovers to be relatively unchanged
  • Our support/entry level of $1,305-$1,310 held nicely.
  • Gold is getting ready to challenge $1,400……………at some point. $1,350 first
  • Trade war worries and inflation very positive for gold.
  • 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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