BITCOIN Takes a Break, Back below $11K; GOLD Sinks a Bit Lower, Down $6 (2/21/18)

 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.

2/21/18 Closing Prices:

Bitcoin:  $10,568.12 (-$891.46) 
Gold:  $1,324 (-$6)
Dow Jones Industrials:  24,797.78  (-166.97)
S&P 500:  2,701.33  (-14.93)

Nasdaq Composite: 7,218.23  (-16.08)

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

Trading Summary Notes for Wednesday, 2/21/2018

  • BITCOIN stalled above $11K after nice run up. Settle back down under $11k
  • SOLD SHORT TERM TRADING POSITION AT $10,725 (love profits)
  • Bitcoin did not reach our target of $12,500-$13,000. Rolled over after big rally
  • Is bitcoin following equity markets again? Hope not but might be in the short term
  • Closing under $10K would be…..concerning
  • GOLD continues softening. Still backing away from the $1,250 resistance area
  • Looks like a re-test of $1,310-$1,315. Its a good buy/entry point
  • Longer term inflation fears will trump potential higher rates
  • Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long GOLD



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

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