BITCOIN Stalls Over the Weekend, Goes Nowhere; GOLD Strong, Up $4 (4/9/18)

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.

4/9/18 Closing Prices:

Bitcoin:  $6,714.79  (+102.01) (from Friday’s close) 
Gold:  $1,337  (+$4) (from Friday’s close)
Dow Jones Industrials:  23,979.10  (+46.34)
S&P 500:  2,613.16  (+8.69)

Nasdaq Composite:  6,950.34  (+35.23)

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

Trading Summary Notes for Monday, 4/9/2018

  • BITCOIN goes nowhere over the weekend. Hanging just under $7,000
  • Bitcoin appears to basing between $6,500-$7,000
  • Tax selling over?
  • Positive global progress in cryptocurrency trading/acceptance being ignored. Buyers staying on sidelines………for now
  • A close up above $7,000 would be very positive
  • Bitcoin near term target $9,000
  • GOLD getting stronger. Looking like a breakout to the upside coming……soon
  • GOLD stalled in tight trading range, $1,320-$1,345
  • Close above $1,355 would be very positive
  • Once again, still looking for move to $1,390-$1,400.   Don’t be short gold

CURRENT TRADING POSITION:  Long BITCOIN & GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time