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.
1/29/18 Closing Prices:
Bitcoin: $11,105.09 (+$179.72) (from Friday's close) Gold: $1,341 (-$9) (from Friday's close) Dow Jones Industrials: 26,439.48 (-177.23) S&P 500: 2,853.53 (-19.14) Nasdaq Composite: 7,466.50 (-39.27)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Monday, 1/29/2018
- BITCOIN futures "survived" first expiration and "rollover" last Friday
- Has stability settled in for bitcoin? Don't count on it. Just a quiet time.....for now
- Looks like the $11K +/- area may be here for a while. Let the hype settle down
- GOLD drops back down under the $1,350 support/resistance area
- Momentum still strong to the upside. Next stop should be $1,395-$1,400
- Inflation fears/worries WILL trump interest rate fears/worries
- Top 2018 “HOT” picks……….. long both BITCOIN & GOLD
CURRENT TRADING POSITION: Long GOLD
Read our PRIOR daily commentaries