BITCOIN Struggles, Finishes Under $7K; GOLD Spikes Up $15 on Weak Dollar, Trade Talk (4/2/18)

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.

4/2/18 Closing Prices:

Bitcoin:  $6,936.23  (-$453.68) (since Friday’s close)  
Gold:  $1,341  (+$15) (since Friday’s close)
Dow Jones Industrials:  23,644.19  (-458.92)
S&P 500:  2,581.88  (-58.99)

Nasdaq Composite:  6,870.12  (-193.33)

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

Trading Summary Notes for Monday, 4/2/2018

  • BITCOIN struggles to hold $7,000. Buyers are missing
  • Are the new futures to blame for bitcoin’s decline? (see FintekNews)
  • Almost all news on bitcoin (cryptos) is coming out negative
  • Bitcoin COULD test recent $6,000+ – low
  • GOLD rockets up $15 to just below previous resistance…….$1,350-$1,360
  • Gold’s months long trading range ($1,310-$1,355) may be over. Breakout to the upside?
  • Gold picks up momentum on weaker dollar and trade war talk
  • Once again, 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