BITCOIN TAKES A BREATHER; GOLD TAKES A JUMP (8/9/17)

Bitcoin Gold

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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.

8/9/17 Closing Prices:

Bitcoin:  $3,261.44  (-$121.36)
Gold:  $1,276  (+$16.00)
Dow Jones Industrials:  22,048.70  (-36.64)
S&P 500:  2,474.02  (-0.90) 

Nasdaq Composite:   6,352.33 
(-18.13)

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

Trading Summary Notes for Wednesday, 8/9/2017

  • After a SUPER run, bitcoin takes a break. A little pullback is good
  • Bitcoin……rinse and repeat……..more upside. $5,000? YUP!
  • Buy bitcoin on dips, or nibble at offers for aggressive traders. Nervous traders use trailing stops ($200-$250 under buy price?)
  • Bitcoin pullback may be because of North Korea “noise”. South Korea & Japan BIG bitcoin enthusiasts/traders/users and in NK rocket range. Just thinking
  • GOLD big news of the day. Thank North Korea tensions
  • Gold looks like a test of $1,300 resistance is coming
  • Gold looks GOOD. Buy gold on dips against sell stop at $1,250
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:   LONG BITCOIN

Past Market:



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