BITCOIN Spends the Weekend Over $8K, Settles Just Under; GOLD Touches $1,350, Softens (4/16/18)

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.

4/16/18 Closing Prices:

Bitcoin:  $7,966.43  (-131.80) (from Friday’s close) 
Gold:  $1,346 (+$1) (from Friday’s close)
Dow Jones Industrials:  24,573.04 (+212.90)
S&P 500:  2,677.84 (+21.54)

Nasdaq Composite:  7,156.29  (+49.63)

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

Trading Summary Notes for Monday, 4/16/2018

  • BITCOIN has a good weekend above $8,000 the dips and settle just under
  • After big $1,000 “flash” run up and little pause is to be expected.
  • BIG names like Soros, Rockefeller step in to put positive tone to bitcoin
  • Momentum very strong and breaking out to the upside………$9,000 next resistance
  • Long term (4th quarter) target $30,000-$35,000
  • GOLD in “tug of war” to break out to the upside, or settle back toward $1,300
  • Hits resistance at $1,350 but holds firm just under
  • Resistance in the $1,350-$1,355 area looks to be penetrated
  • Needs a sold close ABOVE $1,355 to confirm breakout
  • Inflation a very underestimated ‘wild card’
  • Looking for move to $1,390-$1,400.   Don’t be short gold
  • 2018 TOP PICKS……LONG BITCOIN AND GOLD

CURRENT TRADING POSITION:  Long BITCOIN & GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time