BITCOIN SOFTENS. $5,000? Hmmm? GOLD CONSOLIDATING ABOVE $1300 (8/30/17)

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.

8/30/17 Closing Prices:

Bitcoin:  $4,561.98  (-$11.76)
Gold:  $1,308  (-$1.00)
Dow Jones Industrials:  21,892.43  (+27.06)
S&P 500:  2,457.59  (+11.29) 

Nasdaq Composite:  6,368.31 
(+66.42)

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

Trading Summary Notes for Wednesday, 8/30/2017

  • Bitcoin running out of steam? Or pausing? Hmmmmm!
  • Bitcoin traders may want to place some sell stops. Profits are soooooo cool
  • Gold consolidating above $1,300 after run up
  • Gold looks good and upside target of $1,350 achievable
  • Traders can buy GOLD with sell stops at $1,290-$1,295
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:   LONG BITCOIN & LONG GOLD

Past Market:



Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here